SPAR : Exercise of options and sale of shares by a director

THE SPAR GROUP LIMITED

(Incorporated in the Republic of South Africa)

(Registration number: 1967/001572/06)

JSE Code: SPP

ISIN: ZAE000058517

("SPAR")

EXERCISE OF OPTIONS AND SALE OF SHARES BY A DIRECTOR

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements ("Listings Requirements"), SPAR shareholders are hereby advised of the following dealings in securities by a director of SPAR:

Name of director:

Nature of transaction:

Nature and extent of interest:

Clearance given in terms of paragraph 3.66 of the Listings Requirements:

EXERCISE

Class of securities: Date of Exercise:

Number of options exercised and strike price: Total value of transaction:

Transaction completed:

SALE

Class of security:

Transactions completed:

Sale 1

Date of transaction:

Number of ordinary shares:

Price per ordinary share:

Value of transaction:

Sale 2

Date of transaction:

Number of ordinary shares:

Price per ordinary share:

Value of transaction:

Mark Wayne Godfrey

Exercise of options in terms of the rules of the SPAR Group Limited Employee Share Trust ("Exercise") and subsequent sale of shares ("Sale")

Direct beneficial

Yes

Options in respect of SPAR ordinary shares 2 December 2020

25 000 at R99.91 (which expire on 8 December 2020) R2 497 750.00

Off-market

SPAR ordinary shares

On-market

3 December 2020

3 352

Various different trades with the following price information:

• volume weighted average price of R195.09;
• highest price of R195.49; and
• lowest price of R195.00

R653 941.68

4 December 2020

59

R195.00

R11 505.00

Sale 3
Date of transaction:	7	December 2020
Number of ordinary shares:	2	646
Price per ordinary share:	R195.00
Value of transaction:	R515 970.00

Pinetown

8 December 2020

Sponsor

One Capital