Spur Corporation Limited (Incorporated in the Republic of South Africa) (Registration number 1998/00828/06) ("Spur" or "the company") Share code : SUR ISIN code : ZAE 000022653 RESULT OF GENERAL MEETING The directors of Spur announce that at the general meeting of shareholders held on Wednesday, 26 September 2001, the requisite majority passed the ordinary resolution authorising the reduction of the share premium account from R243 993 688 to R236 269 353 by an amount of R7 724 335 as a capital distribution to shareholders in lieu of dividends ("the distribution"). Salient dates for the distribution The last date to trade in the company's shares for purposes of entitlement to the distribution is Friday, 28 September 2001. The shares will commence trading ex-distribution on Monday, 1 October 2001 and the record date is Friday, 5 October 2001. The distribution will be paid on Monday, 8 October 2001. Cape Town 26 September 2001 SPONSOR Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited