SPUR CORPORATION LIMITED - Sales update for the year ended June 2016
27 July 2016 11:00
SUR 201607270018A
Sales update for the year ended June 2016

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”)


Spur Corporation increased total restaurant sales by 12.9% to R6.97 billion in the
year to June 2016.

Restaurant sales in South Africa grew by 13.0%, while sales from international
restaurants increased by 12.9% in Rand terms. Applying a constant exchange
rate, international restaurant sales increased by 2.8%.

Growth in restaurant sales for the year ended 30 June 2016
                                          Total restaurant            Existing
                                                    sales         restaurant sales
                                                 (% change)           (% change)
Spur Steak Ranches                                    6.2                3.3
Panarottis Pizza Pasta                               18.0               11.1
John Dory’s Fish Grill Sushi                         17.7                9.4
Captain DoRegos                                      (3.3)              (6.9)
The Hussar Grill                                     51.8               19.4
Total South African operations*                      13.0                5.7
Total international operations                       12.1                2.7
Total group*                                         12.9                5.3

* Sales for the RocoMamas chain, which was acquired with effect from 1 March
2015, are included from the date of acquisition (four months in the comparative

The group opened 74 outlets in South Africa and ten internationally in the year to
30 June 2016, including 33 RocoMamas outlets locally. Thirteen Captain
DoRegos outlets were closed. All eight of the group’s remaining restaurants in
the UK and Ireland were closed during the year, following the decision to cease
operations in that region and focus the international business primarily on Africa
and Australia.

At 30 June 2016, the group’s restaurant base comprised 575 (2015: 522) outlets,
58 (2015: 58) of which operate outside of South Africa.
The financial information in this sales update has not been reviewed or reported
on by the group’s independent auditor. Spur Corporation’s annual results for the
year ended 30 June 2016 will be released on SENS on 8 September 2016.

Cape Town
27 July 2016

Sasfin Capital
A division of Sasfin Bank Limited

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