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                   12 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       1 448 at R15.10867 per share              
strike price                                                                    
Total value of transaction            R21 877.354                               
Number of shares sold and selling     1 448 SPAR ordinary shares at             
price                                 R117.00 per share                         
Total value of sale                   R169 416.00                               
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                                                                        
13 March 2012                                                                   
Sponsor                                                                         
One Capital                                                                     
Date: 13/03/2012 16:00:03 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.