Change to the Board of Directors 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 Company”) Change to the Board of Directors In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, Spur Corporation wishes to make the following announcement regarding a change to the Company’s board of directors (“the Board”): Shareholders are advised of the resignation of Ms Tasneem Karriem, a Non- Executive Director and a representative for Grand Parade Investments Limited (“GPI”) on the Board, and Spur Corporation is pleased to announce the appointment of Ms Prabashinee Moodley as a Non-Executive Director and the GPI representative on the Board with effect from 15 August 2018. A short biography of Ms Parbashinee Moodley is provided below: Prabashinee is a qualified Urban Planner and holds a Bachelor of Social Science (1991) and Master of Town and Regional Planning (1993) from the University of KZN. She developed her career in the field of Global Growth Strategy, first with McDonald’s South Africa, and then in the USA with McDonald’s Corporation, Dunkin’ Brands Incorporated, and Payless ShoeSource. In 2008 Prabs completed her MBA at the Lake Forest Graduate School of Business in Illinois, USA, as a co-valedictorian. She comes to the Spur Corporation Board with a deep understanding of the food service industry, and, international business. Her expertise in the field of new market entry, existing market growth, and strategic franchise partnerships has significant promise for the further development of our business interests within the portfolio. Prabashinee was born in South Africa and currently holds dual citizenship with the USA. She joined Grand Parade Investments Limited as CEO on 1 August 2018, and is in the process of repatriating to South Africa from the USA. The Board welcomes Prabashinee and wishes her all the best in her new role. 17 August 2018 Sponsor Sasfin Capital A member of the Sasfin Group Date: 17/08/2018 09:45:00 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.