Dealing in securities pursuant to long-term share incentive schemes 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 Company”) Dealing in Securities by Directors pursuant to Long-term Share Incentive Schemes On 4 December 2015, at the annual general meeting of the Company, shareholders approved two long-term share incentive schemes. Details of the first awards granted in terms of these schemes are detailed below. Spur Group Forfeitable Share Plan (“FSP”) In terms of paragraph 3.63 to 3.74 of the JSE Limited (“JSE”) Listing Requirements, shareholders are advised that the following director of a major subsidiary and executive directors, as well as the Company secretary, of Spur Corporation were awarded shares in the Company in terms of the FSP on 1 April 2016. The shares were accepted by the participants in question on the date the shares were traded, the salient details of which are set out below: Name: Pierre van Tonder Designation: Executive Director Number of forfeitable shares awarded: 15 000 Spur Corporation ordinary shares Consideration: Nil Market price of shares on 1 April 2016: Refer note 1 Value of transaction: R423 678 On market/off market: Off market Prior permission to deal: Obtained Vesting period: Refer note 2 Nature of interest: Direct beneficial (also refer note 2) Name: Mark Farrelly Designation: Executive Director Number of forfeitable shares awarded: 10 000 Spur Corporation ordinary shares Consideration: Nil Market price of shares on 1 April 2016: Refer note 1 Value of transaction: R282 452 On market/off market: Off market Prior permission to deal: Obtained Vesting period: Refer note 2 Nature of interest: Direct beneficial (also refer note 2) Name: Ronel van Dijk Designation: Executive Director Number of forfeitable shares awarded: 10 000 Spur Corporation ordinary shares Consideration: Nil Market price of shares on 1 April 2016: Refer note 1 Value of transaction: R282 452 On market/off market: Off market Prior permission to deal: Obtained Vesting period: Refer note 2 Nature of interest: Direct beneficial (also refer note 2) Name: Kevin Robertson Designation: Director of major subsidiary Number of forfeitable shares awarded: 10 000 Spur Corporation ordinary shares Consideration: Nil Market price of shares on 1 April 2016: Refer note 1 Value of transaction: R282 452 On market/off market: Off market Prior permission to deal: Obtained Vesting period: Refer note 2 Nature of interest: Direct beneficial (also refer note 2) Name: Nazrana Hawa Designation: Company secretary Number of forfeitable shares awarded: 4 000 Spur Corporation ordinary shares Consideration: Nil Market price of shares on 1 April 2016: Refer note 1 Value of transaction: R112 981 On market/off market: Off market Prior permission to deal: Obtained Vesting period: Refer note 2 Nature of interest: Direct beneficial (also refer note 2) Spur Group Share Appreciation Rights (“SAR”) Scheme In compliance with the requirements of paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, details of the following grants and acceptances of equity-settled SARs, which were awarded in terms of the SAR Scheme on 1 April 2016, should be noted: Name: Pierre van Tonder Designation: Executive Director Number of SARs awarded: 409 213 Strike price of SARs awarded (per right): R29.40 (being 10-day volume-weighted average price at 10 March 2016) Consideration Nil Grant date fair value of SAR (per right): R6.40 Value of transaction: R2 618 964 Number of shares Refer note 3 On market/off market: Off market Prior permission to deal: Obtained Vesting period: Refer note 3 Performance criteria: Refer note 4 Nature of interest: Direct beneficial (also refer note 3) Name: Mark Farrelly Designation: Executive Director Number of SARs awarded: 353 411 Strike price of SARs awarded (per right): R29.40 (being 10-day volume-weighted average price at 10 March 2016) Consideration Nil Grant date fair value of SAR (per right): R6.40 Value of transaction: R2 261 832 Number of shares Refer note 3 On market/off market: Off market Prior permission to deal: Obtained Vesting period: Refer note 3 Performance criteria: Refer note 4 Nature of interest: Direct beneficial (also refer note 3) Name: Ronel van Dijk Designation: Executive Director Number of SARs awarded: 297 610 Strike price of SARs awarded (per right): R29.40 (being 10-day volume-weighted average price at 10 March 2016) Consideration Nil Grant date fair value of SAR (per right): R6.40 Value of transaction: R1 904 701 Number of shares Refer note 3 On market/off market: Off market Prior permission to deal: Obtained Vesting period: Refer note 3 Performance criteria: Refer note 4 Nature of interest: Direct beneficial (also refer note 3) Name: Kevin Robertson Designation: Director of major subsidiary Number of SARs awarded: 241 808 Strike price of SARs awarded (per right): R29.40 (being 10-day volume-weighted average price at 10 March 2016) Consideration Nil Grant date fair value of SAR (per right): R6.40 Value of transaction: R1 547 569 Number of shares Refer note 3 On market/off market: Off market Prior permission to deal: Obtained Vesting period: Refer note 3 Performance criteria: Refer note 4 Nature of interest: Direct beneficial (also refer note 3) Note 1 – Market price of FSP shares on 1 April 2016: - Volume-weighted average R28.24517 per share - High R29.05 per share - Low R28.00 per share - No. of shares traded 1 April 2016 107 363 - Value of shares traded 1 April 2016 R3 032 487 Note 2 – FSP vesting period: The shares awarded on 1 April 2016 to the FSP participants are held on behalf of these participants in escrow until the vesting date of 1 April 2019, subject to the fulfilment of the vesting criterion. During this vesting period, these participants are not entitled to dividends or to exercise any voting rights attached to the shares awarded. The vesting criterion is that each participant remains in the fulltime gainful employment of the group for the duration of the vesting period. Subsequent to 1 April 2019, provided the vesting criterion is fulfilled, these participants become unconditionally entitled to full direct beneficial ownership of the shares awarded (including the right to receive dividends and exercise any votes attached to the shares), but they will remain contractually bound to retain ownership of the shares for a further two-year period to 31 March 2021. Note 3 – SAR Scheme number of shares and vesting period: For each SAR awarded, the SAR Scheme participant is entitled to obtain the number of fully paid-for shares equivalent in value to the increase in the Company’s share price from the strike price to the 10- day volume-weighted average share price of the Company’s share on 1 April 2019, subject to the performance criteria being applied. Upon vesting on 1 April 2019, these participants will enjoy full direct beneficial ownership of the shares, but they will remain contractually bound to retain ownership of the shares for a further two-year period to 31 March 2021. Note 4 – SAR Scheme performance criteria: In order for SAR Scheme participants to benefit from the rights awarded, they need to remain in the fulltime gainful employment of the group for the initial vesting period to 1 April 2019. The group will also need to maintain a 15% return on equity for the initial vesting period. In addition, a sliding scale of between 0% and 100% of the rights will vest with these participants where the group’s comparable headline earnings per share increases by between CPI (Consumper Price Index) and CPI+4% per annum over the initial vesting period. Cape Town 4 April 2016 Sponsor Sasfin Capital A division of Sasfin Bank Limited Date: 04/04/2016 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.