Finalisation announcement specific repurchases of Spur ordinary shares SPUR CORPORATION LIMITED (Incorporated in the Republic of South Africa) (Registration number 1998/000828/06) Share code: SUR ISIN: ZAE 000022653 (“Spur” or “the company”) FINALISATION ANNOUNCEMENT - SPECIFIC REPURCHASES OF SPUR ORDINARY SHARES Spur shareholders (“Shareholders”) are referred to the circular and notice of general meeting, dated 27 August 2019, and the results of general meeting announcement dated 25 September 2019, relating to, inter alia, the Shareholders approval of the following:- 1. the specific repurchase of 10 848 093 Spur shares, constituting 10% of the total issued share capital of Spur, from GPI Investments 1 (RF) Proprietary Limited, a related party, at a price of 2400 cents per share; 2. the specific repurchase of 6 635 901 Spur shares, constituting 6.12% of the total issued share capital of Spur, held in treasury by Share Buy-back Proprietary Limited, a wholly owned subsidiary of Spur, at a price of 2191 cents per share, being the market value at 25 June 2019 (collectively “the Repurchases”); and 3. the delisting and cancellation of such repurchased Spur shares (“Delisting”). Spur is pleased to advise that all procedural and administrative conditions to the Repurchases have now been fulfilled and that the Repurchases are being implemented. Application will be made to the JSE Limited for the Delisting. The board of directors of Spur accepts responsibility for the information contained in this announcement and confirms that, to the best of its knowledge and belief, such information is true. 11 October 2019 Sponsor Sasfin Capital Legal Advisor Bernadt Vukic Potash & Getz . Date: 11/10/2019 04:00:00 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.