Spur Corporation Limited - Dealings By Directors                                
  SPUR CORPORATION LIMITED                                                        
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1998/000828/06)                                            
  JSE code: SUR                                                                   
  ISIN: ZAE000022653                                                              
  (`Spur`)                                                                        
  DEALINGS BY DIRECTORS                                                           
  In compliance with section 3.63 to 3.74 of the JSE Listings Requirements, Spur  
  advises the following hedging contracts entered into by executive directors in  
  respect of certain Spur shares held by them:                                    
  NAME OF DIRECTOR: PG VAN TONDER                                                 
  Date of     Class of  Nature of    No.           Price     Total value          
  transaction security  transaction  of shares     per       R000                 
                                                   share                          
  22.09.2004  Ordinary  Put option - 150 909       R5.50     830                  
              shares    expiry                                                    
                        22.06.06                                                  
                                     150 909       R7.13     1 076                
  Call option                                               
                        - expiry                                                  
                        22.06.06                                                  
  22.09.2004  Ordinary  Put option - 150 909       R5.50     830                  
  shares    expiry                                                    
                        22.09.06                                                  
                                     150 909       R7.34     1 108                
                        Call option                                               
  - expiry                                                  
                        22.09.06                                                  
  22.09.2004  Ordinary  Put option - 198 182       R5.50     1 090                
              shares    expiry                                                    
  22.12.14                                                  
                                     198 182       R7.62     1 510                
                        Call option                                               
                        - expiry                                                  
  22.12.14                                                  
  NAME OF DIRECTOR: K ROBERTSON                                                   
  Date of     Class of  Nature of    No.         Price per       Total value      
  transaction security  transaction  of shares   share           R000             
  22.09.2004  Ordinary  Put option - 103 078     R5.50           567              
              shares    expiry                                                    
                        22.06.06                                                  
                                     103 078     R7.13           735              
  Call option                                               
                        - expiry                                                  
                        22.06.06                                                  
  22.09.2004  Ordinary  Put option - 103 078     R5.50           567              
  shares    expiry                                                    
                        22.09.06                                                  
                                     103 078     R7.34           757              
                        Call option                                               
  - expiry                                                  
                        22.09.06                                                  
  22.09.2004  Ordinary  Put option - 135 368     R5.50           745              
              shares    expiry                                                    
  22.12.14                                                  
                                     135 368     R7.62           1 032            
                        Call option                                               
                        - expiry                                                  
  22.12.14                                                  
  NAME OF DIRECTOR: DD HYDE                                                       
  Date of     Class of  Nature of    No.         Price per share  Total value     
  transaction security  transaction  of shares                    R000            
  22.09.2004  Ordinary  Put option - 90 545      R5.50            498             
              shares    expiry                                                    
                        22.06.06                                                  
                                     90 545      R7.13            646             
  Call option                                               
                        - expiry                                                  
                        22.06.06                                                  
  22.09.2004  Ordinary  Put option - 90 545      R5.50            498             
  shares    expiry                                                    
                        22.09.06                                                  
                                     90 545      R7.34            665             
                        Call option                                               
  - expiry                                                  
                        22.09.06                                                  
  22.09.2004  Ordinary  Put option - 118 909     R5.50            654             
              shares    expiry                                                    
  22.12.14                                                  
                                     118 909     R7.62            906             
                        Call option                                               
                        - expiry                                                  
  22.12.14                                                  
  NAME OF DIRECTOR: M FARRELLY                                                    
  Date of     Class of  Nature of   No.       Price per share   Total value       
  transaction security  transaction of                          R000              
  shares                                        
  22.09.2004  Ordinary  Put option  60 364    R5.50             332               
              shares    - expiry                                                  
                        22.06.06                                                  
  60 364    R7.13             430               
                        Call option                                               
                        - expiry                                                  
                        22.06.06                                                  
  22.09.2004  Ordinary  Put option  60 364    R5.50             332               
              shares    - expiry                                                  
                        22.09.06                                                  
                                    60 364    R7.34             443               
  Call option                                               
                        - expiry                                                  
                        22.09.06                                                  
  22.09.2004  Ordinary  Put option  79 273    R5.50             436               
  shares    - expiry                                                  
                        22.12.14                                                  
                                    79 273    R7.62             604               
                        Call option                                               
  - expiry                                                  
                        22.12.14                                                  
  Nature of interest in all instances: Direct beneficial.                         
  Permission to trade received in terms of paragraph 3.66 of the JSE Listings     
  Requirements.                                                                   
  Cape Town                                                                       
  23 September 2004                                                               
  Sponsor:                                                                        
  Barnard Jacobs Mellet Corporate Finance                                         
  (Pty) Limited                                                                   
  Date: 23/09/2004 04:09:30 PM Produced by the JSE SENS Department