SPP : Acceptance of shares by directors and company secretary

THE SPAR GROUP LIMITED

(Incorporated in the Republic of South Africa) (Registration number: 1967/001572/06) ISIN: ZAE000058517

JSE Code: SPP ("SPAR")

ACCEPTANCE OF SHARES BY DIRECTORS AND COMPANY SECRETARY

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, SPAR hereby advises its shareholders of the following acceptance of awards of shares by directors and the company secretary of SPAR in terms of The SPAR Conditional Share Plan ("CSP"):

Nature of transaction:	Acceptance of an award of shares in terms of the
	CSP
Date of acceptance:	11 February 2020
Nature and extent of interest:	Direct beneficial
On-market or off-market:	Off-market
Clearance obtained:	Yes
Name of director:	Graham O' Connor
Number of shares:	45 100 (25 100 performance shares and 20 000
	restricted shares)
Class of securities:	Performance shares and restricted shares, linked to
	SPAR ordinary shares, in terms of the CSP vesting
	criteria
Vesting period:	Three years for annual award of performance shares
	and in full after one year for restricted shares
Deemed value per award:	R193,80
Total deemed value:	R8 740 380
Name of director:	Mark Godfrey
Number of shares:	20 800 (12 400 performance shares and 8 400
	restricted shares)
Class of securities:	Performance shares and restricted shares, linked to
	SPAR ordinary shares, in terms of the CSP vesting
	criteria
Vesting period:	Three years for annual award of performance shares
	and in equal parts after years three, four and five for
	restricted shares
Deemed value per award:	R193,80
Total deemed value:	R4 031 040
Name of company secretary:	Mandy Hogan
Number of shares:	1 600 performance shares
Class of securities:	Performance shares linked to SPAR ordinary shares,
	in terms of the CSP vesting criteria
Vesting period:	Three years for annual award of performance shares
Deemed value per award:	R193,80
Total deemed value:	R310 080

Pinetown

12 February 2020

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