Unaudited Interim Group Results for the six months ended 31 August 2019 Spanjaard Limited (Incorporated in the Republic of South Africa) Registration number 1960/004393/06 Share code: SPA ISIN: ZAE000006938 (Company or Group) Unaudited Interim results for the six months ended 31 August 2019 - Revenue down 2.6% to R62 057 000 - Profit after tax down 109.8% to a loss of R123 000 - NAV down 0.2% to 542.91 cents per share Spanjaard Limited, a leading and proudly South African manufacturer of special lubricants and allied chemical products in the Automotive, Household, Industrial and Mining, Outdoor and Leisure, Marine, Motorcycle, Food Grade, Non-Flammable Aerosols and Food markets, released its results for the six months ended 31 August 2019. This short-form announcement is the responsibility of the Directors and is only a summary of the information in the full announcement. The full announcement was released on SENS on 28 November 2019, and can be found on the Company's website at www.spanjaard.biz and also at the following link: https://senspdf.jse.co.za/documents/2019/JSE/ISSE/SPA/SPAINT19.pdf The full announcement is available for inspection free of charge during normal business hours on business days at the registered office of the Company and the offices of the sponsor. Spanjaard Limited has not declared an interim dividend. Any investment decisions should therefore be based on the full announcement as released on SENS and on the Company's website. By order of the Board Independent Non-executive Chairman: MJ Siddall Independent Non-executive Directors: S Zikalala M Notrica Executive Directors: TN Spanjaard (Acting Chief Executive Officer) GF Cort, CKT Palmer www.spanjaard.biz Sponsors: Arbor Capital Sponsors Proprietary Limited 20 Stirrup Lane, Woodmead Office Park Corner Woodmead Drive and Van Reenens Avenue, Woodmead 2191 Company Secretary: Levitt Kirson Business Services Proprietary Limited 4th Floor, Aloe Grove, Houghton Estate Office Park, 2 Osborn Road, Houghton, 2198 Transfer Secretaries: Computershare Investor Services Proprietary Limited Rosebank Towers, 15 Bierman Avenue, Rosebank, Johannesburg, 2196 Registered Office: 748-750 5th Street, Wynberg, Sandton, 2090 Date: 28-11-2019 08:55:00 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.