Engagement with shareholders on remuneration policy 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”) ENGAGEMENT WITH SHAREHOLDERS ON REMUNERATION POLICY Shareholders are referred to the announcement of the results of the Company’s Annual General Meeting dated 6 December 2019, wherein they were advised that, as ordinary resolutions 5.1 and 5.2: Endorsement of the Remuneration Policy and Implementation Report (non-binding advisory votes) were not approved by the requisite majority of shareholders, the board of directors of the Company would engage with shareholders with regard to its Remuneration Policy. Therefore, Shareholders are now invited to attend an engagement session with members of the Remuneration and Nominations Committee on 5 May 2020, at 11:00 at the Spur head office, 14 Edison Way, Century Gate Business Park, Century City, 7441. Shareholders who wish to attend the engagement session are asked to confirm their attendance to the company secretary by no later than midday on Thursday, 30 April 2020 by email: companysecretary@spur.co.za. Cape Town 24 February 2020 Sponsor Sasfin Capital (a member of the Sasfin Group) Date: 24-02-2020 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.