Results of Annual General Meeting and Changes to 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” or “the company”) RESULTS OF ANNUAL GENERAL MEETING CHANGES TO THE BOARD OF DIRECTORS The board of directors of Spur (the “Board”) hereby advises shareholders of the outcome of the resolutions, as set out in the Notice of Annual General Meeting dated 19 October 2018, which were tabled at the Annual General Meeting (“AGM”) of shareholders held today, 6 December 2018. Withdrawal of Resolutions and changes to the Board: 1. Ordinary Resolutions Numbers 1.1, 1.2 and 1.3 – Re-appointment of directors – were withdrawn prior the commencement of the AGM. As a result of the decision to withdraw these ordinary resolutions, Messrs Dean Hyde, Keith Getz and Keith Madders did not seek re-election to the Board and accordingly their retirement by rotation became effective from today, 6 December 2018. The Board wishes Messrs Hyde, Getz and Madders well and thanks them for their service to the Company. 2. Ordinary Resolution Number 2.1 – Ratification of appointment of director – was withdrawn prior to the commencement of the AGM, and Ms Prabashinee Moodley retired from the Board from today, 6 December 2018. The Board wishes Ms Moodley well and thanks her for her service to the Company. 3. Ordinary Resolution Number 4.1 – The appointment of the Audit Committee for the ensuing year – Dean Hyde – was withdrawn prior to the commencement of the AGM and subsequent to the withdrawal of Ordinary Resolution 1.1. Following the retirement of Messrs Hyde, Getz and Madders, the Board has approved a restructuring of the Board committees: Ms Dineo Molefe was elected to serve as the Chairperson of the Audit Committee and has also been appointed as a member of the Remuneration Committee. Mr Mike Bosman has been appointed as a member of the Audit Committee and the Nominations Committee. Mr Mntungwa Morojele has been appointed as a member of the Risk Committee and the Chairperson of the Social, Ethics and Environmental Sustainability Committee. Results of AGM The other ordinary and special resolutions proposed at the AGM were unaltered from those proposed in the Notice of AGM and were duly approved by the requisite majority of shareholders present and voting, with the exception of Ordinary Resolutions Number 5.1 and 5.2: Endorsement of the Remuneration Policy and Implementation Report (non-binding advisory votes). The Board will engage with shareholders with regard to its Remuneration Policy in the following manner: shareholders are invited to attend an engagement session with members of the Remuneration Committee and executive management on 28 January 2019, at 13:00 at the Spur Corporation Ltd offices, 14 Edison Way, Century Gate Business Park. Shareholders who wish to attend the engagement session are asked to confirm their attendance to the Company Secretary by no later than midday on Wednesday, 23 January 2019 by email: companysecretary@spur.co.za. The results of voting on the remaining ordinary and special resolutions were as follows: Resolution Number of % of % of % of votes % of votes shares shares shares carried for against voted in voted in abstained2 the the person or person or resolution3 resolution3 by proxy by proxy1 Ordinary Resolutions 2.2 Ratification of Phillip Matthee 70 204 295 73.9 - 100.0 - as executive director and chief financial officer 3 Re-appointment of KPMG as 70 202 295 73.9 1.1 71.2 28.8 independent auditor and Ivan Engels as designated auditor 4 Appointment of audit committee 4.2 Appointment of Dineo Molefe 70 204 295 73.9 - 100.0 0.0 as member of audit committee 4.3 Appointment of Mntungwa 70 204 295 73.9 - 100.0 0.0 Morojele as member of audit committee 5 Endorsement of the remuneration report 5.1 Endorsement of 70 204 295 73.9 2.1 25.1 74.9 Remuneration Policy 5.2 Endorsement of 70 204 295 73.9 1.6 37.8 62.2 Implementation Report Special Resolutions 1 Authority to repurchase 70 204 295 73.9 - 98.7 1.3 shares 2 Authority to provide financial 70 204 295 73.9 - 98.0 2.0 assistance 3 Authority to pay non- 70 204 295 73.9 - 94.8 5.2 executive directors’ remuneration 1 Calculated as the number of shares voted (in favour, against or abstained) in person or by proxy expressed as a percentage of the total shares in issue eligible to vote (calculated as the total 108 480 926 shares in issue less 13 426 599 non-voting shares (treasury shares and shares owned by consolidated structured entities)). 2 Calculated as the number of shares abstained in person or by proxy expressed as a percentage of the total shares in issue eligible to vote (calculated as the total 108 480 926 shares in issue less 13 426 599 non-voting shares (treasury shares and shares owned by consolidated structured entities)). 3 Calculated as the number of shares voted (in favour or against, as indicated) in person or by proxy expressed as a percentage of the aggregate number of shares voted in person or by proxy (excluding abstentions). The special resolutions, where appropriate, will be filed with the Companies and Intellectual Property Commission. Cape Town 6 December 2018 Sponsor Sasfin Capital (a member of the Sasfin Group) Date: 06/12/2018 05:30:00 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.