Results of General Meeting 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 GENERAL MEETING Spur shareholders (“Shareholders”) are referred to the circular and notice of general meeting, dated 27 August 2019, relating to, inter alia, 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 (“GPI Investments”), 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 (“Share Buy-back”), a wholly owned subsidiary of Spur, at a price of 2191 cents per share, being the market value at 25 June 2019; and 3. the delisting and cancellation of such repurchased Spur Shares (collectively “the Transactions”). Shareholders are advised that at the general meeting held today, 25 September 2019 the following resolutions were duly approved by the requisite majority of shareholders present and voting, as follows: Resolution Number of % of shares % of shares % of votes % of votes shares voted voted in abstained2 carried for against the in person or by person or by the resolution3 proxy proxy1 resolution3 1 Special resolution number 1 66 050 180 87.5 0.9 99.9 0.1 Authority to repurchase Spur shares from GPI Investments 2 Special resolution number 2 66 050 180 87.5 0.9 99.9 0.1 Authority to revoke Special Resolution number 1 3 Special resolution number 3 66 050 180 69.7 - 99.0 1.0 Authority to repurchase Spur shares from Share Buy-back 4 Special resolution number 4 66 050 180 69.7 0.7 99.9 0.1 Authority to revoke Special Resolution number 3 5 Ordinary resolution number 1 66 050 180 69.7 - 99.9 0.1 To allow a director and company secretary to do all such things and to sign all such documents as may be necessary to implement the resolutions set out above 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 number of shares in issue eligible to vote. In the case of special resolutions numbered 1 and 2, the total number of shares in issue eligible to vote is 75 493 503, being the total 108 480 926 shares in issue less: 13 691 599 shares held by subsidiaries of the company as treasury shares and shares owned by consolidated structured entities; and 19 295 824 shares held by Grand Parade Investments Limited and related entities. In the case of special resolutions numbered 3 and 4 and ordinary resolution number 1, the total number of shares in issue eligible to vote is 94 789 327, being the total 108 480 926 shares in issue less: 13 691 599 shares held by subsidiaries of the company as 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 number of shares in issue eligible to vote, where the total number of shares in issue eligible to vote is as for footnote 1. 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. The Transactions remains conditional upon a number of procedural and administrative requirements, including the issue of a Compliance Certificate by the Takeover Regulations Panel in terms of the Act. Shareholders will be advised when all conditions have been fulfilled and the Transactions are implemented. 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. Cape Town 25 September 2019 Sponsor Sasfin Capital (a member of the Sasfin Group) Date: 25/09/2019 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.