SUR
SUR                                                                             
SUR - Spur Corporation Limited - Trading Statement                              
Spur Corporation Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/000828/06)                                            
Share code: SUR                                                                 
ISIN: ZAE000022653                                                              
("Spur Corporation" or "the company")                                           
TRADING STATEMENT                                                               
Shareholders are advised that Spur Corporation`s earnings and earnings per share
for the year ended 30 June 2008 ("the year") are expected to be between 22% and 
30% lower than those for the year ended 30 June 2007 ("the prior year").        
Headline earnings and headline earnings per share for the year are expected to  
be between 11% and 19% lower than those for the prior year.                     
Earnings for the prior year benefited from a tax credit of R16.6 million which  
arose from the recognition of tax assets relating to prior years` tax losses in 
the group`s international operations.  Excluding this once-off adjustment,      
earnings and earnings per share for the year are expected to be between 2% and  
12% lower than those for the prior year and headline earnings and headline      
earnings per share are expected to be between 2% and 12% higher than those for  
the prior year.                                                                 
The company`s consolidated earnings were negatively impacted in the current year
by an impairment of assets and operational losses incurred in an unsuccessful   
outlet in Australia. The impact accounts for a decline of approximately 11% of  
prior year earnings (or 14% of the prior year earnings excluding the once-off   
foreign tax credit referred to above). The negative impact on headline earnings 
was approximately 1% of prior year headline earnings (or approximately 2% of    
prior year headline earnings excluding the once-off foreign tax credit).        
The company`s results for the year ended 30 June 2008, on which this trading    
statement is based, have not been reviewed and/or reported on by the company`s  
auditors. The year end results will be announced on SENS on 11 September 2008.  
Cape Town                                                                       
26 August 2008                                                                  
Sponsor                                                                         
Sasfin Corporate Finance                                                        
A division of Sasfin Bank Limited                                               
Date: 26/08/2008 17:00:01 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.