Board appointments Spur Corporation Limited (Incorporated in the Republic of South Africa) (Registration number 1998/000828/06) Share code: SUR ISIN: ZAE 000022653 (“Spur Corporation”) Appointment of independent non-executive directors Spur Corporation is pleased to announce the appointment of Prof Shirley Zinn and Ms Cora Fernandez as independent non-executive directors with effect from 17 June 2019. Shirley is an acclaimed human resources practitioner who has held senior positions in the corporate and public sectors. She was formerly head of human resources at Woolworths Holdings, Standard Bank South Africa, Nedbank Group and the South African Revenue Service. She currently provides consulting and advisory services in human resources, transformation, leadership and education. Shirley is an extraordinary professor at the University of Pretoria’s Department of Human Resource Management and is a past president of the Institute for People Management South Africa. Currently Shirley serves on the boards of Sanlam, MTN-SA (chair of the remuneration committee), Shoprite Holdings (lead independent director and chair of the remuneration committee), Afrocentric and AdvTech (lead independent and chair of the remuneration committee). Cora is a chartered accountant with significant board experience. Her current directorships include Sphere Holdings (chair of the remuneration committee), Tiger Brands (chair of the risk and sustainability committee and member of the audit committee) and serves as an independent trustee on various retirement funds in the Allan Gray stable. Cora has extensive investment management and private equity experience, having previously served as chief executive: institutional business of Sanlam Investment Management, managing director of Sanlam Investment Management and chief executive officer of Sanlam Private Equity. The board welcomes Shirley and Cora and looks forward to benefiting from their wide- ranging experience. Following these appointments, the board committees have been restructured with effect from 17 June 2019: Cora Fernandez has been appointed as a member of the audit committee and Muzi Kuzwayo retires as a member of the audit committee. The remuneration and nominations committees will be combined into one committee. The members of the committee are Shirley Zinn (chair), Muzi Kuzwayo and Mike Bosman. The Spur board now comprises six independent non-executive directors and three executive directors. Black directors comprise 56% of the board and female directors 33%. Cape Town 6 June 2019 Sponsor Sasfin Capital A member of the Sasfin Group Date: 06/06/2019 02:06:00 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.