SUR 201405140021A Further cautionary announcement Spur Corporation Limited (Incorporated in the Republic of South Africa) (Registration number 1998/000828/06) Share code: SUR ISIN: ZAE 000022653 (“Spur” or “the company”) FURTHER CAUTIONARY ANNOUNCEMENT Shareholders are referred to the cautionary announcement of 26 March 2014 and are advised that Spur is still involved in negotiations regarding the introduction of a Black Economic Empowerment partner to the Spur group, which if successfully concluded, may impact on the price of the company’s securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the company’s securities until a detailed announcement is made. Cape Town 14 May 2014 Legal Advisor Bernadt Vukic Potash & Getz Sponsor Sasfin Capital A division of Sasfin Bank Limited Date: 14/05/2014 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.