Retirement of Spur Founder and Executive Chairman 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” or “the company”) RETIREMENT OF SPUR FOUNDER AND EXECUTIVE CHAIRMAN Spur Corporation founder and executive chairman Allen Ambor is to retire from the company and the board with effect from 1 March 2019 after 51 years’ of service. Mr Ambor (76) founded Spur when he opened the first restaurant in Newlands, Cape Town, in 1967 and has served as executive chairman of the board since the company’s listing on the JSE in 1986. On behalf of the board, group chief executive, Pierre van Tonder, said: “We thank Allen for his unrivalled passion, commitment and inspiration over the past five decades in building Spur Corporation into the market-leading business that it is today. He has overseen the growth of the business from a single outlet to a multi-brand franchisor with over 600 restaurants in South Africa and internationally.” In terms of his employment conditions Mr Ambor is required to serve a 12-month notice period. The nominations committee of the board will shortly commence the process to identify a new board chairman. Cape Town 23 February 2018 Sponsor Sasfin Capital A division of Sasfin Bank Limited Date: 23/02/2018 09:00:00 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.