SUR 201211150030A
Voluntary announcement on closure of FSB investigation

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”)


VOLUNTARY ANNOUNCEMENT ON CLOSURE OF INVESTIGATION

Shareholders are referred to the voluntary announcement made by the group on
SENS on 2 December 2011 relating to an investigation by the Financial Services
Board (“FSB”) following a complaint by a former employee of the group.

Spur Corporation has been advised that the Directorate of Market Abuse of the
FSB at a meeting on 13 November 2012 made a decision to close the
investigation. No legal action will therefore be taken in this matter. The FSB has
advised that if further evidence arises the investigation may be re-opened.

The board and management of Spur Corporation has cooperated fully with the
FSB during this investigation, and welcomes the resolution of the matter.

Cape Town
15 November 2012


Sponsor
Sasfin Capital
A division of Sasfin Bank Limited

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