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 2016 2015 % change EPS and diluted EPS (cents) 115.14 – 119.82 93.61 23% – 28% EPS and diluted EPS (cents) – continuing operations 111.34 – 116.06 94.36 18% - 23% HEPS and diluted HEPS (cents) 109.10 – 114.20 101.96 7% - 12% HEPS and diluted HEPS (cents) – continuing operations 111.39 – 116.11 94.40 18% - 23% EPS: earnings per share HEPS: headline earnings per share By 30 June 2016, the group had ceased trading in the UK and Ireland. These operations represented a separate major line of business and a separate operating segment for reporting purposes. The results of the segment will accordingly be disclosed separately to continuing operations, as referred to in the table above. Excluding the impact of the UK and Ireland business unit, the increase in earnings from continuing operations is due to certain one-off and unusual items in the current and prior periods including the impact of the group’s cash- settled share incentive scheme, the fair value adjustment to the RocoMamas contingent consideration liability arising from the acquisition of RocoMamas in March 2015, and foreign exchange movements. Shareholders are advised that, excluding the impact of these items, Spur is expecting to report the following: % change from six months ended 31 December 2015 to six months ended 31 December 2016 Comparable profit before 2% - 7% income tax Comparable HEPS 2% - 7% 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 2016 are expected to be published on 23 February 2016. Cape Town 14 February 2017 Sponsor SASFIN CAPITAL A division of Sasfin Bank Limited Date: 14/02/2017 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.