Sales update for the year ended 30 June 2017 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 group”) SALES UPDATE FOR THE YEAR ENDED 30 JUNE 2017 Spur Corporation increased total franchised restaurant sales from continuing operations* by 4.2% to R7.2 billion in the year to 30 June 2017, following the closure of the group’s UK operations in the previous financial year. Franchised restaurant sales in South Africa grew by 4.4%, with sales from international restaurants (excluding the UK) increasing by 2.4% in Rand terms. International restaurant sales (excluding the UK) increased by 6.3% on a constant exchange rate basis. Growth in franchised restaurant sales for the year ended 30 June 2017 Total restaurant Existing sales restaurant sales (% change) (% change) Spur Steak Ranches (2.1) (3.4) Pizza and Pasta (Panarottis & Casa 13.3 10.1 Bella) John Dory’s Fish Grill Sushi 14.3 8.0 Captain DoRegos (17.6) (17.6) The Hussar Grill 35.6 25.2 RocoMamas 78.1 62.6 Total South African operations 4.4 1.9 Total international operations 2.4 (5.5) (excluding UK) Total group – continuing 4.2 1.1 operations* A net 11 new outlets were opened locally during the year. Internationally, a net 5 new outlets were opened, including the group’s first restaurants in New Zealand (Spur), Ethiopia (Spur), Oman (RocoMamas) and Saudi Arabia (RocoMamas). Chief executive, Pierre van Tonder, said domestic trading conditions continued to deteriorate in the second half of the year, with the Spur’s middle income market being particularly impacted by the slowing economy. “The robust performance of The Hussar Grill highlights the resilience of higher income consumers while our pizza and pasta brands have also performed well. RocoMamas continues to gain traction with the millennial market, with sales growth being boosted by new restaurant openings as the brand’s footprint expanded to 50 outlets locally.” At 30 June 2017, the group’s restaurant base comprised 591 (June 2016: 575) outlets, including 63 (June 2016: 58) operating outside of South Africa. The financial information in this sales update has not been reviewed or reported on by the group’s independent auditor. Spur Corporation’s annual results for the year ended 30 June 2017 will be released on SENS on 7 September 2017. * As previously advised to shareholders, all the group’s operations in the UK and Ireland (which comprised a separate operating segment), ceased trading by 30 June 2016. Cape Town 24 July 2017 Sponsor Sasfin Capital A division of Sasfin Bank Limited Date: 24/07/2017 12:50:00 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.