SPP - The Spar Group Limited - Exercise of options and sale of shares

SPP - The Spar Group Limited - Exercise of options and sale of shares           
THE SPAR GROUP LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1967/001572/06)                                           
JSE Code: SPP                                                                   
ISIN: ZAE000058517                                                              
("SPAR")                                                                        
EXERCISE OF OPTIONS AND SALE OF SHARES                                          
In compliance with paragraph 3.63 of the JSE Limited Listings Requirements      
("Listings Requirements"), we hereby advise of the following dealing by the     
company secretary of SPAR:                                                      
Name of director                               Mr Kevin O`Brien                 
Date of transaction                            19 January 2012                  
Nature of transaction                          Exercise of options in terms of  
                                             the rules of the SPAR Share        
Incentive Scheme and subsequent    

                                             sale of shares.                    
Class of security                              Options in respect of SPAR       
                                             ordinary shares                    


Number of options exercised and strike price   6 600 at R50.23 per share        
Total value of transaction                     R331 518.00                      
Number of shares sold and selling price        6 600 SPAR ordinary shares at    
R113.10 per share                  

Total value of sale                            R746 460.00                      
                                                                                
Number of options exercised and strike price   5 000 at R58.10 per share        
Total value of transaction                     R290 500.00                      
Number of shares sold and selling price        5 000 SPAR ordinary shares at    
                                             R113.10 per share                  
Total value of sale                            R565 500.00                      


Nature and extent of directors` interest       Direct beneficial                
Clearance obtained in terms of paragraph 3.66                                   
of the Listings Requirements                   Yes                              
Exercise of options concluded off-market and                                    
sale of shares concluded on-market                                              
Pinetown                                                                        
19 January 2012                                                                 
Sponsor:  One Capital                                                           
Date: 19/01/2012 16:07:01 Supplied by www.sharenet.co.za                     
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