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Fri 21 Nov 2008, 13:40 SPP - The Spar Group Ltd - Exercise of options and subsequent sale of shares by
SPP
SPP                                                                             
SPP - The Spar Group Ltd - Exercise of options and subsequent sale of shares by 
company secretary                                                               
The SPAR Group Ltd                                                              
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1967/001572/06)                                           
ISIN: ZAE000058517                                                              
Share Code: SPP                                                                 
EXERCISE OF OPTIONS AND SUBSEQUENT SALE OF SHARES BY COMPANY SECRETARY          
In compliance with the JSE Limited Listings Requirements, the following         
information is disclosed:                                                       
Company secretary:               Kevin James O`Brien                            
Company:                         The SPAR Group Ltd                             
                                                                                
Date of transaction:             21st November 2008                             
Nature of transaction:           Exercise of options                            
Class of securities:             Options in respect of ordinary                 
                                shares                                          
Number of options exercised:     6600                                           
Option strike price:             R29.00                                         
Value of transaction:            R191 400                                       
                                                                                
Date of transaction:             21st November 2008                             
Nature of transaction:           Sale of shares                                 
Class of securities:             Ordinary shares                                
Number of shares sold:           6600                                           
Selling price:                   R52.56                                         
Value of transaction:            R346 896                                       

Nature of interest:              Direct beneficial                              
Clearance obtained of paragraph                                                 
3.66:                            Yes                                            

Durban                                                                          
21st November 2008                                                              
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 21/11/2008 13:40:01 Produced by the JSE SENS Department.                  
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