Spur - Acquisition of Spur ordinary shares, Sale of shares by the company`s chairman Allocation of shares and options to the directors SPUR CORPORATION LIMITED (Incorporated in the Republic of South Africa) (Registration number 1998/000828/06) Share code : SUR ISIN : ZAE000022653 (`Spur` or `the company`) 1Acquisition of Spur ordinary shares (`shares`), sale of shares by the company`s Chairman and allocation of shares and options to the directors in terms of the Spur Management Incentive Share Scheme 2004 (`the Scheme`) Shareholders are advised that, in terms of the Scheme, which was approved by shareholders at a general meeting held on 15 December 2004, the following transactions have taken place: 1. Acquisition of shares from Share Buy-Back (Proprietary) Limited (`SBBCo`) In an inter-group transaction, Maxshell 72 Investments (Pty) Limited (`Newco`) has acquired 3 424 043 shares from SBBCo (currently held as treasury shares) at R5.79 each. 2. Purchase of shares from Mr. AJ Ambor (`the Related Party`) In terms of the Scheme, Newco was authorised to purchase a maximum of 5 495 957 shares on the open market and / or from the Related Party at the reference price on the JSE Securities Exchange South Africa (`JSE`) at the time of purchase. The company has purchased 4 850 000 Spur shares from the Related Party at R5.85 each and the balance of the shares required will be purchased on the open market. 3. Sale of shares by the Related Party In compliance with section 3.63 of the Listings Requirements of the JSE, the following dealings by a director in the company`s securities are advised: Name of director Allen J Ambor (Executive Director) Date of transaction 21 December 2004 Sale Price R5.85 Number of securities 4 850 000 Total value R28 372 500 Class of securities Ordinary shares Nature Sale Interest Direct beneficial Clearance to deal in terms of Obtained paragraph 3.66 4. Allocation of shares and options to directors in terms of the Scheme In compliance with paragraph 3.63 of the Listings Requirements of the JSE, the following shares / options were allocated to directors of the company on 22 December 2004: ALLOCATION OF SHARES TO EXECUTIVE DIRECTORS: Name of Nature of Class of Interest in Number of executive transaction shares transaction shares *Price director AJ Ambor Indirect Ordinary Indirect non- 350 000 R5.84 holding beneficial through Newco PG van Indirect Ordinary Indirect non- 1 240 790 R5.84 Tonder holding beneficial through Newco M Indirect Ordinary Indirect non- 936 445 R5.84 Farrelly holding beneficial through Newco K Indirect Ordinary Indirect non- 749 156 R5.84 Robertson holding beneficial through Newco P Joffe Indirect Ordinary Indirect non- 300 000 R5.84 holding beneficial through Newco * As per the rules of the Scheme, including transaction costs. ALLOCATION OF OPTIONS TO NON-EXECUTIVE DIRECTORS Name of Nature of Class of Interest in Number **Option First non- transaction shares transaction of price vesting executive options date director K Getz Allocation Ordinary Indirect 234 111 R5.79 22.12.2009 non- beneficial W Rule Allocation Ordinary Indirect 280 934 R5.79 22.12.2009 non- beneficial DD Hyde Allocation Ordinary Indirect 300 000 R5.79 22.12.2009 non- beneficial **As per the rules of the Scheme. Cape Town 22 December 2004 Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Limited Date: 22/12/2004 04:54:07 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department