Retirement of Chief Executive Officer 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 group”) RETIREMENT OF CHIEF EXECUTIVE OFFICER Spur Corporation chief executive officer (“CEO”) and executive director Pierre van Tonder is to retire from the group at the end of December 2020 after 38 years’ service. Pierre (61) has served as managing director/CEO since 1996. He joined the group in 1982 as a junior restaurant manager and was appointed to the holding company board 10 years later. Spur Corporation chairman Mike Bosman said the business has shown strong growth under Pierre’s leadership over the past 24 years, with the group now a market leading, multi-brand franchisor with over 640 restaurants in South Africa and internationally and a presence in 20 countries. “Pierre has overseen the expansion of the brand portfolio through the in-house development of brands including Panarottis and the acquisition of smaller brands like RocoMamas, The Hussar Grill and John Dory’s which are today among South Africa’s most recognised restaurant brands. “On behalf of my board colleagues, management, all of our employees and franchisees, we thank Pierre for his outstanding contribution to the Spur Corporation and wish him well in the next chapter of his life.” The Remuneration and Nominations Committee of the board has initiated a selection process to identify a new CEO which will consider both internal and external candidates. Cape Town 20 July 2020 Sponsor Sasfin Capital A member of the Sasfin Group Date: 20-07-2020 10:00:00 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.