Exercise of options and sale of shares by the company secretary 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 BY THE COMPANY SECRETARY In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, SPAR shareholders are hereby advised of the following dealing in securities by the company secretary of SPAR: Name of company secretary: Mr Kevin O’Brien Nature of transaction: Exercise of options in terms of the rules of the SPAR Group Limited Share Employee Trust 2004 (“Exercise”) and subsequent sale of shares (“Sale”) Date of Exercise and Sale: 4 February 2016 Class of security: Options in respect of SPAR ordinary shares Number of options exercised and strike price: 6 000 at R96.46 (“Exercise 1”) 6 800 at R99.91 (“Exercise 2”) Total value of Exercise 1: R578 760.00 Total value of Exercise 2: R679 388.00 Number of SPAR ordinary shares sold: 12 800 Price per ordinary share: Various different trades with the following price information: - volume weighted average price of R180.3663; - highest price of R180.55; and - lowest price of R180.00 Total value of Sale: R2 308 688.64 Transactions completed: Exercise: off-market Sale: on-market Nature of interest: Direct beneficial Clearance given in terms of paragraph 3.66: Yes Pinetown 5 February 2016 Sponsor One Capital Date: 05/02/2016 04:35:00 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.