SUR
SUR                                                                             
SUR - Spur Corporation Limited - Voluntary announcement - press release         
Spur Corporation Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/000828/06)                                            
Share code: SUR                                                                 
ISIN: ZAE 000022653                                                             
("Spur Corporation" or "Spur Group")                                            
SENS ANNOUNCEMENT BY THE SPUR CORPORATION                                       
The board of directors of the Spur Corporation makes this announcement as a     
result of the reports in the media concerning the Spur Group, certain of        
its directors and Mr Kapsimalis, the managing director of John Dory, a          
subsidiary of the Spur Group.                                                   
There are civil litigation and arbitration proceedings currently underway       
which will canvass and determine the issues forming the subject of Mr           
Kapsimalis` complaints to the Financial Services Board which he has chosen      
to ventilate in the media.                                                      
It is unfortunate that Mr Kapsimalis has chosen to use the forum of the         
media to further his interests.                                                 
The Spur Corporation will not litigate with Mr Kapsimalis in the media and      
will deal with his allegations in the appropriate fora.                         
The Spur Corporation and its directors will cooperate fully with any            
investigation which the Financial Services Board or any other regulatory        
authority intends to launch into the affairs of the Spur Corporation, its       
subsidiaries and the conduct of any of its directors.                           
Cape Town                                                                       
2 December 2011                                                                 
Sponsor                                                                         
Sasfin Capital                                                                  
A division of Sasfin Bank Limited                                               
Date: 02/12/2011 12:39:01 Produced by the JSE SENS Department.                  
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