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 Sponsor One Capital Date: 12-02-2020 11:50:00 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.