THE SPAR GROUP LIMITED - Resignation By Chief Executive Officer And Appointment Of New CEO

Resignation By Chief Executive Officer And Appointment Of New CEO

THE SPAR GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/001572/06)
JSE Code: SPP
ISIN: ZAE000058517
("SPAR" or the “Company”)

RESIGNATION BY CHIEF EXECUTIVE OFFICER (“CEO”) AND APPOINTMENT OF NEW CEO

1.    Resignation of CEO

In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, it is with great regret that
the board of directors ("the Board") of SPAR advises shareholders that the CEO of the Company, Wayne
Hook, will be stepping down from his position with effect from 31 January 2014 due to his wife being
diagnosed with a life threatening illness. Wayne has held the position for the last seven years and will
continue to remain a director of the Company.

SPAR has been Wayne’s priority for the past 29 years and he now believes that his wife and family have
to be his main priority. His decision is underpinned by his view that, if, as Chief Executive Officer, he
cannot be fully and completely committed to the position, he should make way for a person who can meet
such requirements. The Chairman of the Board, Mr Hankinson said: "I have, together with the Board, tried
to persuade Wayne otherwise by suggesting alternatives, but he is resolute in his decision. We thank
Wayne for his contribution as CEO and wish him and his family well."

Wayne will remain involved with SPAR and it's subsidiaries in a development role and as such his skills
will be retained.

2.    Appointment of new CEO

The Board is pleased to announce the appointment of Graham O’Connor as the new CEO of the
Company.

Graham is a CA (SA) and was previously the Divisional Managing Director of SPAR’s KZN Division. He is
currently a partner in five SPAR stores. The Board is of the opinion that Graham’s passion for the SPAR
brand and his strong leadership skills will ensure him success in his new role as CEO and the ongoing
success of the Company.

Pinetown
12 November 2013

Sponsor
One Capital

Date: 12/11/2013 02:05:00 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.