Sales update for the 6 months to 31 December 2015 Spur Corporation Limited (Incorporated in the Republic of South Africa) (Registration number 1998/000828/06) Share code: SUR ISIN: ZAE 000022653 (“Spur Corporation” or “the group”) SALES UPDATE FOR THE SIX MONTHS ENDED 31 DECEMBER 2015 Spur Corporation increased total restaurant sales by 12.6% to R3.5 billion in the six months to December 2015 (“the period”). Restaurant sales in South Africa grew by 13.2%, with sales from international restaurants increasing by 8.3% in Rand terms. International restaurant sales at a constant exchange rate increased by 3.9%. Restaurant sales for the six months ended 31 December 2015 Total restaurant Existing sales restaurant sales (% change) (% change) Spur Steak Ranches 6.7 3.7 Panarottis Pizza Pasta 21.6 10.2 John Dory’s Fish Grill Sushi 20.2 4.3 Captain DoRegos 0.6 (13.5) The Hussar Grill 36.9 18.5 Total South African operations 13.2 4.1 Total international operations 8.3 0.9 Total group 12.6 3.7 Sales for the RocoMamas chain, which was acquired with effect from 1 March 2015, are included in the group’s total restaurant sales. Customer response to the new brand has been particularly pleasing and in the past six months 22 RocoMamas outlets have been opened locally and one in Namibia, bringing the restaurant base to 32. Chief executive, Pierre van Tonder, said the group delivered a solid performance in a trading environment which became increasingly difficult in the latter stages of the 2015 calendar year and affected festive season sales. “Panarottis produced a strong performance while other brands were impacted by the slowdown in middle-income spending. The Hussar Grill performed well as its higher income target customer proved more resilient to the current economic challenges.” “Despite the slowing economy, the group has continued to expand its presence across all brands locally and offshore, opening a net 46 stores in South Africa and 4 in the international operations in the past six months.” The financial information in this sales update has not been reviewed or reported on by the group’s independent auditor. Spur Corporation’s interim results for the six months ended 31 December 2015 will be released on SENS on 25 February 2016. Cape Town 26 January 2016 Sponsor Sasfin Capital A division of Sasfin Bank Limited Date: 26/01/2016 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.