SUR : Results of AGM and Changes to the Board: 
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")


RESULTS OF ANNUAL GENERAL MEETING

CHANGES TO THE BOARD OF DIRECTORS


The board of directors of Spur (the "Board") hereby advises shareholders of the outcome of the resolutions,
as set out in the Notice of Annual General Meeting dated 25 October 2019, which were tabled at the Annual
General Meeting ("AGM") of shareholders held today, 6 December 2019.


RESULTS OF AGM

The ordinary and special resolutions proposed at the AGM were duly approved by the requisite majority of
shareholders present and voting, with the exception of Ordinary Resolutions Number 5.1 and 5.2:
Endorsement of the Remuneration Policy and Implementation Report (non-binding advisory votes), and
accordingly, an invitation will be extended to the dissenting shareholders to engage with the Company. The
manner and timing of this engagement will be finalised in due course and announced on SENS.

The results of voting on the ordinary and special resolutions proposed at the AGM were as follows:


              Resolution                Number of          % of          % of       % of votes     % of votes
                                          shares          shares        shares      carried for     against
                                         voted in        voted in     abstained2        the           the
                                        person or       person or                   resolution3    resolution3
                                         by proxy        by proxy1
  Ordinary Resolutions

  1    Re-election of Mntungwa           73 633 342           87.8           0.0         99.9           0.1
       Morejele

  2    Election of independent non-executive directors appointed during the year

  2.1 Mike Bosman                        73 633 342           87.8           0.0          99.1          0.9

  2.2 Cora Fernandez                     73 633 342           87.8           0.0         100.0          0.0
  2.3 Prof Shirley Zinn                  73 633 342           87.8           0.0          99.2          0.8

  3    Reappointment of KPMG as          73 633 342           87.8           5.8          75.5         24.5
       independent auditor and Ivan
       Engels as designated auditor

  4 Appointment of audit committee

  4.1 Dineo Molefe (chair)               73 633 342           87.8           0.0        100.0            0.0

  4.2 Mntungwa Morojele                  73 633 342           87.8           0.0         99.9            0.1

  4.3 Cora Fernandez                     73 633 342           87.8           0.0        100.0            0.0

  5    Endorsement of the remuneration report

  5.1 Endorsement of                     73 633 342           87.8           1.9         53.9           46.1
      Remuneration Policy
  5.2 Endorsement of                     73 633 342           87.8           1.9         39.3           60.7
      Implementation Report

  Special Resolutions

  1     Authority to repurchase          73 633 342           87.8           0.0         99.1            0.9
        shares
  2     Authority to provide financial   73 633 342           87.8           0.0         84.0           16.0
        assistance
  3     Authority to pay non-            73 633 342           87.8           0.1         84.1           15.9
        executive directors'
        remuneration

       1   Calculated as the number of shares voted (in favour, against or abstained) in person or by proxy expressed as a
           percentage of the total number of shares in issue eligible to vote (calculated as the total 90 996 932 shares in issue
           less 7 105 698 non-voting shares (treasury shares and shares owned by consolidated structured entities)).

       2   Calculated as the number of shares abstained in person or by proxy expressed as a percentage of the total number
           of shares in issue eligible to vote (calculated as the total 90 996 932 shares in issue less 7 105 698 non-voting
           shares (treasury shares and shares owned by consolidated structured entities)).

       3   Calculated as the number of shares voted (in favour or against, as indicated) in person or by proxy expressed as a
           percentage of the aggregate number of shares voted in person or by proxy (excluding abstentions).


The special resolutions, where appropriate, will be filed with the Companies and Intellectual Property
Commission.

CHANGES TO THE BOARD OF DIRECTORS

Muzi Kuzwayo, who served as independent non-executive director on the Board for 11 years, has not made
himself available for re-election to the Board in light of his long service and consequently retired as a director
of the Company with effect from 6 December 2019. The Board is grateful to Mr Kuzwayo for his commitment
and long term service to the Company and wishes him well in all his future endeavours.

Cape Town
6 December 2019

Sponsor
Sasfin Capital
(a member of the Sasfin Group)

Date: 06-12-2019 02:00:00
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