SPUR CORPORATION LIMITED - Dealing in securities pursuant to Long-term Share Incentive Schemes

Dealing in securities pursuant to Long-term Share Incentive Schemes

SPUR CORPORATION LIMITED
(Incorporated in the Republic of South Africa
Registration number 1998/000828/06
Share code: SUR
ISIN: ZAE000022653
("Spur" or "the company")

DEALING IN SECURITIES PURSUANT TO LONG-TERM SHARE INCENTIVE SCHEMES

Share Appreciation Rights ("SARs") exercised in accordance with the 2020 SAR Scheme

In compliance with the requirements of paragraphs 3.63 to 3.74 of the JSE Limited Listings
Requirements, details of the following trades relating to equity-settled SARs previously awarded to
directors on 17 November 2022 ("Award Date"), vested on 17 November 2025 ("Vesting Date") and
exercised on the respective exercise dates ("Exercise Date") below, should be noted:

Name:                                                 Val Nichas
Designation:                                          Executive Director (CEO)
Nature of transaction:                                Exercise of SARs and retention of resulting
                                                      Spur shares
Number of SARs exercised:                             818 185 of 818 185
Number of shares acquired and retained:               359 677
Purchase price per share:                             R37.54
Value of purchase transaction:                        R13 504 027
Exercise Date:                                        4 December 2025
Trade date:                                           9 December 2025
On/off market:                                        On market
Prior permission to deal:                             Obtained
Nature of interest:                                   Direct beneficial

Name:                                                 Kevin Robertson
Designation:                                          Executive Director (COO)
Nature of transaction:                                Exercise of SARs and retention of resulting
                                                      Spur shares
Number of SARs exercised:                             333 692 of 333 692
Number of shares acquired and retained:               145 666
Purchase price per share:                             R37.34
Value of purchase transaction:                        R5 439 175
Exercise Date:                                        8 December 2025
Trade date:                                           9 December 2025
On/off market:                                        On market
Prior permission to deal:                             Obtained
Nature of interest:                                   Direct beneficial


In terms of the 2020 SAR Scheme Rules, while these shares are not subject to any further vesting
criteria, they are subject to a two-year holding period commencing on the respective Exercise Date.
During the holding period, the executive director is entitled to dividends and the voting rights attached
to the shares, but may not dispose of the shares.

In terms of the Malus and Clawback Policy, clawback provisions will apply to the resulting shares for
a period of three years following the Exercise Date.

Cape Town
12 December 2025

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 12-12-2025 09:45:00
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