SUR - Spur Corporation - Spur Corporation not to proceed with

SUR - Spur Corporation - Spur Corporation not to proceed with                   
Cappuccino`s transaction                                                        
Spur Corporation Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/000828/06)                                            
Share code: SUR                                                                 
ISIN: ZAE 000022653                                                             
("Spur Corporation")                                                            
SPUR CORPORATION NOT TO PROCEED WITH CAPPUCCINO`S TRANSACTION                   
Spur Corporation announced in the press on 6 June 2011 that it planned          
to acquire a 60% stake in the Cappuccino`s restaurant chain. The                
transaction was subject to the completion of a due diligence review.            
Following the conclusion of this due diligence process the management of        
Spur Corporation and Cappuccino`s have agreed, by mutual consent, not to        
proceed with the transaction.                                                   
Cape Town                                                                       
5 August 2011                                                                   
Sponsor                                                                         
Sasfin Capital                                                                  
A division of Sasfin Bank Limited                                               
Date: 05/08/2011 12:15:07 Supplied by www.sharenet.co.za                     
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