Trading Statement SPUR CORPORATION LIMITED (Incorporated in the Republic of South Africa) (Registration number 1998/000828/06) Share Code: SUR & ISIN: ZAE000022653 ("Spur" or "the company") TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from the financial results for the previous corresponding period. Accordingly, shareholders are advised that Spur is expecting to report earnings as follows: Six months Six months to to 31 31 December December 2015 2014 % change EPS and diluted EPS (cents) 91.78 - 94.86 61.60 49% – 54% HEPS and diluted HEPS (cents) 100.29 – 103.34 61.15 64% - 69% EPS: earnings per share HEPS: headline earnings per share The increase in earnings is due largely to the accounting in the prior period for the broad-based black economic empowerment equity transaction with Grand Parade Investments Limited effected on 30 October 2014 (“the GPI transaction”), in accordance with International Financial Reporting Standards. The transaction resulted in the issue of 10 848 093 new ordinary shares, and a share-based payment expense of R32.957 million for the period to 31 December 2014. Shareholders are advised that, excluding the impact of the GPI transaction, the impact of the group’s long-term share- linked employee retention scheme, foreign exchange gains and losses and other one-off and exceptional items in the current and previous comparable periods, Spur is expecting to report the following: % change from six months ended 31 December 2014 to six months ended 31 December 2015 Comparable profit before 3% - 8% income tax Comparable HEPS (1%)- 4% The financial information on which this trading statement is based has not been reviewed or reported on by the company’s auditors. Spur’s interim results for the period ended 31 December 2015 are expected to be published on 25 February 2016. Cape Town 16 February 2016 Sponsor SASFIN CAPITAL A division of Sasfin Bank Limited Date: 16/02/2016 02:00:00 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.