Vesting of Forfeitable Share to Director

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” or “the Group”)

VESTING OF FORFEITABLE SHARES TO DIRECTOR: SPUR GROUP FORFEITABLE SHARE PLAN 2016

The following information is disclosed in respect of the vesting of Spur ordinary shares (“Spur Shares”) to an
executive director of the Company in terms of the Spur Group Forfeitable Share Plan 2016 (“2016 FSP”).

Name of Director:                                Kevin Robertson
Designation:                                     Executive Director
Nature of transaction:                           Vesting of Spur Shares in terms of 2016 FSP
Nature of trade:                                 Off-market
Inception date:                                  26 November 2019
Vesting date:                                    25 November 2022
Number of shares:                                5 000
Price per share on vesting date:                 R20.84 (being the 1-day volume-weighted average price at
                                                 24 November 2022)
Total value:                                     R104 200
Nature of interest:                              Direct beneficial
Clearance obtained:                              Not applicable

The forfeitable Spur Shares in question were awarded on 26 November 2019 to Mr Robertson and were held
in escrow by the Group on his behalf until the vesting date of 25 November 2022, subject to the fulfilment
of the vesting criterion that he remained in the fulltime gainful employment of the Group for the duration of
the vesting period. The vesting criterion having been fulfilled, Mr Robertson is unconditionally entitled to full
direct beneficial ownership of the Spur Shares awarded (including the right to receive dividends and exercise
any voting rights attached thereto), but remains contractually bound to retain ownership of the Spur Shares
for a further two-year period until 22 November 2024. The Spur Shares in question accordingly remain held
in escrow by the Group until that date.

Cape Town
25 November 2022

Sponsor

Questco Corporate Advisory Proprietary Limited

Date: 25-11-2022 12:00:00
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