THE SPAR GROUP LIMITED - Exercise of options and sale of shares by a director

Exercise of options and sale of shares by a director

THE SPAR GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/001572/06)
JSE Code: SPP
ISIN: ZAE000058517
("SPAR" or the “Company”)

EXERCISE OF OPTIONS AND SALE OF SHARES BY A DIRECTOR

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, SPAR
shareholders are hereby advised of the following dealings in securities by a director of the Company:

Name of director:                                     Mr Mark Wayne Godfrey
Nature of transactions:                               Exercise of options in terms of the rules of the
                                                      SPAR Group Limited Share Employee Trust 2004
                                                      (“Exercise”) and subsequent sale of shares
                                                      (“Sale”)
Transactions completed:                               Exercise: off-market
                                                      Sale: on-market
Nature of interest:                                   Direct beneficial
Clearance given in terms of paragraph 3.66:           Yes

Exercise
Date of Exercise:                                     24 February 2017
Class of security:                                    Options in respect of SPAR ordinary shares
Number of options exercised and strike price:         20 000 at R46.22 (which expire on 9 March 2017)
                                                      (“Exercise 1”)
                                                      8 000 at R58.10 (which expire on 4 December
                                                      2017) (“Exercise 2”)
Total value of Exercise 1:                            R924 400.00
Total value of Exercise 2:                            R464 800.00

Sale
Transaction 1
Date of Sale:                                         24 February 2017
Number of SPAR ordinary shares sold:                  169
Price per ordinary share:                             R183.00
Total value of SPAR ordinary shares sold:             R30 927.00

Transaction 2
Date of Sale:                                         27 February 2017
Number of SPAR ordinary shares sold:                  27 831
Price per ordinary share:                             R183.00
Total value of SPAR ordinary shares sold:             R5 093 073.00


Pinetown
2 March 2017

Sponsor
One Capital

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