Announcement regarding B-BBEE Transaction between Spur Corporation Limited and Grand Parade Investments Limited SPUR CORPORATION LIMITED (Incorporated in the Republic of South Africa) (Registration number 1998/000828/06) Share code: SUR ISIN: ZAE 000022653 (“Spur” or “the company”) ANNOUNCEMENT REGARDING THE BROAD-BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION (“B-BBEE TRANSACTION”) BETWEEN GRAND PARADE INVESTMENTS LIMITED (“GPI”) AND SPUR Spur Shareholders (“Shareholders”) are referred to the announcements dated 31 July 2014, 4 September and 3 October 2014, wherein they were advised that Spur had entered into various agreements in terms of which, inter alia, a wholly owned subsidiary of GPI (“BEECo”) would subscribe for 10 848 093 ordinary issued shares (“Subscription Shares”) of the company, constituting 10% of the post B-BBEE Transaction issued share capital of Spur, as a specific issue of shares for cash for a total subscription price of R294.66 million and that Shareholders had approved the B-BBEE Transaction on 3 October 2014. Spur is pleased to advise that all procedural and administrative conditions to the B-BBEE Transaction have now been fulfilled and the B-BBEE Transaction has been implemented in accordance with its terms and with effect from 30 October 2014. 30 October 2014 Sponsor Sasfin Capital Legal Advisor Bernadt Vukic Potash & Getz . Date: 30/10/2014 10:00:00 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.