SUR
SUR                                                                             
SUR - Spur Corporation Limited - SENS Announcement by The Spur Corporation      
Spur Corporation Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1998/000828/06)                                            
Share code: SUR                                                                 
ISIN: ZAE000022653                                                              
("Spur")                                                                        
SENS ANNOUNCEMENT BY THE SPUR CORPORATION                                       
Shareholders are referred to the SENS announcement dated 26 January 2012 wherein
they were informed that a wholly-owned subsidiary of Spur had acquired the      
remaining 35% interest in John Dory`s Franchise (Pty) Ltd ("John Dory`s") from  
the Kapsimalis Family Trust ("Kapsimalis Trust") with effect from 25 January    
2012 for the sum of R12.25 million ("the acquisition").                         
The acquisition, which is smaller than a category 2 transaction, constitutes a  
small related party transaction in terms of the JSE Limited ("JSE") Listing     
Requirements, as Mr Kapsimalis, a trustee of the Kapsimalis Trust, was a        
director of John Dory`s.                                                        
Spur have appointed Mazars Corporate Finance (Pty) Ltd ("Mazars") as an         
independent professional expert acceptable to the JSE. Mazars have declared that
the terms of the acquisition are fair as far as Spur shareholders are concerned 
and their fairness opinion will lie for inspection at the registered offices of 
Spur, at 1 Waterford Mews, Century Boulevard, Century City, Cape Town from 7    
March until 18 April 2012.                                                      
Cape Town                                                                       
7 March 2012                                                                    
Sponsor                                                                         
Sasfin Capital                                                                  
A division of Sasfin Bank Limited                                               
Independent professional expert                                                 
Mazars Corporate Finance (Pty) Ltd                                              
Legal advisors                                                                  
Bernadt Vukic Potash & Getz Attorneys                                           
Date: 07/03/2012 11:09:01 Produced by the JSE SENS Department.                  
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