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 dealing by a non-  
executive director of SPAR:                                                     
Name of director                            Peter Kilby Hughes                  
Date of transaction                         08 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 strike      2 552 at R15.10867 per share        
price                                                                           
Total value of transaction                  R38 557.325                         
Number of shares sold and selling price     2 552 SPAR ordinary shares at       
R117.00 per share                    

Total value of sale                         R298 584.00                         
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                                                                        
12 March 2012                                                                   
Sponsor                                                                         
One Capital                                                                     
Date: 12/03/2012 16:11:13 Supplied by www.sharenet.co.za                     
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