Dealing in securities by a Director THE SPAR GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1967/001572/06) JSE Code: SPP ISIN: ZAE000058517 ("SPAR") DEALING IN SECURITIES BY A DIRECTOR SPAR shareholders ("Shareholders") are referred to the announcement dated 12 November 2013 in which the appointment of Graham O'Conner as new CEO and director of SPAR was announced, which appointment took effect on 1 February 2014. In accordance with Mr O'Conner's terms of appointment, 50 000 options were offered to him, which he has now accepted. Accordingly, in compliance with paragraph 3.63 to 3.66 of the JSE Limited Listings Requirements, Shareholders are hereby advised of the following dealings in securities by a director. Name of director Graham O’Conner Date of transaction 10 February 2014 Nature of transaction Acceptance of options in terms of the SPAR Employee Share Incentive Scheme Class of securities Options over ordinary shares Number of shares covered by options 50 000 Strike price R124.22 Vesting period In equal thirds on the 3rd, 4th and 5th anniversary of the allocation Value of transaction R6 211 000.00 Nature and extent of directors’ interest Direct beneficial Transaction completed on market Off-Market Clearance obtained in terms of paragraph 3.66 of the Listings Requirements Yes Pinetown 10 February 2014 Sponsor One Capital Date: 10/02/2014 02:50:00 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.