Mike Bosman appointed as independent non-executive chairman Spur Corporation Limited (Incorporated in the Republic of South Africa) (Registration number 1998/000828/06) Share code: SUR ISIN: ZAE 000022653 (“Spur Corporation” or “the group”) MIKE BOSMAN APPOINTED AS INDEPENDENT NON-EXECUTIVE CHAIRMAN OF SPUR CORPORATION Following the retirement of Allen Ambor as executive chairman of the group, effective 28 February 2019 (as advised on SENS on 23 February 2018), the board of directors of Spur Corporation (“board”) is pleased to announce the appointment of Mike Bosman (age 58) as independent non-executive chairman, with effect from 1 March 2019. Mike was appointed as a director in November 2018. The board congratulates Mike on his new role and looks forward to benefiting from his extensive professional and board experience across several sectors, and his proven leadership ability. The board pays tribute to Allen Ambor for his sterling contribution to the group over the past 51 years. Allen founded Spur when he opened the first restaurant in Newlands, Cape Town, in 1967 and has overseen the growth of the business into a multi-brand franchisor with over 600 restaurants in South Africa and internationally. The board wishes Allen a happy and fulfilled retirement. Reconstituted Audit Committee Following the appointment of Mike Bosman as the chairman of the board, and in compliance with the principles of the King Code of Corporate Governance 2016, Mike has resigned as a member of the Audit Committee. The board has appointed independent non-executive director, Muzi Kuzwayo, as a member of the Audit Committee, with effect from 1 March 2019. Brief background on Mike Bosman Mike is an independent non-executive director of AVI Limited and chairman of their Audit and Risk Committee. He is a non-executive director of MTN South Africa and a member of their Audit and Risk Committee. He currently serves as chairman of the largest independent wine distribution company in South Africa, Vinimark Holdings, and is the chairman of Vinimark Trading and Twee Jonge Gezellen. Mike previously served as the CEO and later the chairman of One Digital Media which became a major network provider in the South African digital media retail market. Mike has an honours degree in commerce, a master’s degree in law and is a chartered accountant. Cape Town 28 February 2019 Sponsor Sasfin Capital A member of the Sasfin Group Date: 28/02/2019 08:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.