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 section 3.63 of the JSE Limited Listings Requirements        
("Listings Requirements"), we hereby advise of the following dealings by a non- 
executive director of SPAR:                                                     
Name of director                     Peter Kilby Hughes                         
Date of transaction                  05 March 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 securities                  Options   in  respect  of  SPAR  ordinary  
                                    shares                                      
                                                                                
Number of options exercised and      23 400 at R13.05818 per share              
strike price                                                                    
Total value of transaction           R305 561.41                                
Number of shares sold and selling    23    400   SPAR   ordinary   shares   at  
price                                R117.00 per share                          
Total value of sale                  R2 737 800.00                              
                                                                                
Number of options exercised and      17 082 at R15.10867 per share              
strike price                                                                    
Total value of transaction           R258 086.30                                
Number of shares sold and selling    17    082   SPAR   ordinary   shares   at  
price                                R117.00 per share                          
Total value of sale                  R1 998 594.00                              
Date of transaction                  06 March 2012                              
Number of options exercised and      3 518 at R15.10867 per share               
strike price                                                                    
Total value of transaction           R53 152.30                                 
Number of shares sold and selling    3    518   SPAR   ordinary   shares    at  
price                                R117.00 per share                          
Total value of sale                  R411 606.00                                


Clearance obtained in terms of                                                  
paragraph 3.66 of the Listings       Yes                                        
Requirements                                                                    
Exercise of options concluded off-                                              
market and sale of shares concluded                                             
on-market.                                                                      
Pinetown                                                                        
07 March 2012                                                                   
Sponsor                                                                         
One Capital                                                                     
Date: 07/03/2012 17:30:01 Supplied by www.sharenet.co.za                     
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