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SUR - Spur Corporation Limited - SENS announcement by The Spur Corporation Spur Corporation Limited (Incorporated in the Republic of South Africa) (Registration number 1998/000828/06) Share code: SUR ISIN: ZAE 000022653 ("Spur") Voluntary announcement SENS ANNOUNCEMENT BY THE SPUR CORPORATION The board of directors is pleased to announce that the disputes between Spur and certain of its directors on the one hand, and Mr Kapsimalis (the managing director of John Dory`s Franchise (Pty) Ltd ("John Dory`s")) and with his family trust, on the other hand, have been settled. In terms of the settlement all litigation between the parties has been terminated and a wholly-owned subsidiary of Spur has acquired the Kapsimalis Family Trust`s 35% interest in John Dory`s with effect from 25 January 2012 for the sum of R12.25 million (accordingly, Spur is now the owner of the entire issued share capital of John Dory`s). John Dory`s simultaneously declared and paid a dividend to Spur in the sum of R3.25 million and to the Kapsimalis Family Trust in the sum of R1.75 million. The acquisition is smaller than a category 2 transaction of the JSE Limited listing requirements. Cape Town 26 January 2012 Sponsor Sasfin Capital A division of Sasfin Bank Limited Legal advisors Bernadt Vukic Potash & Getz Attorneys Date: 26/01/2012 10:53:00 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
