The SPAR Group Limited announced the combination of the Company's remuneration and nominations committees into one committee and that, subject to her re-election as a director of the Company at the upcoming 2023 annual general meeting, Mrs. Marang Mashologu will serve as chairperson of the Remuneration and Nominations Committee with effect from 14 February 2023. The board of directors of announced the following interim changes to the nominations committee with immediate effect: Mr. Graham O'Connor, a non-executive director of the Board, will step down as chairman of the nominations committee. Mr. O'Connor will continue to serve as a member of the nominations committee.

Mr. Mike Bosman, the independent non-executive chairman of the Board, will serve as interim chairman of the nominations committee until 14 February 2023, when the Remuneration and Nominations Committee will become effective.