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                  13 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 security                    Options in respect of SPAR ordinary shares 
                                                                                
Number of options exercised and      10 000 at R46.22000 per share              
strike price                                                                    
Total value of transaction           R462 200.00                                
Number of shares sold and selling    10 000 SPAR ordinary shares at R117.00 per 
price                                share                                      
                                                                                
Total value of sale                  R1 170 000.00                              
Nature and extent of directors`      Direct beneficial                          
interest                                                                        
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                                                                        
14 March 2012                                                                   
Sponsor:  One Capital                                                           
Date: 14/03/2012 16:00:01 Supplied by www.sharenet.co.za                     
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