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Thu 21 Jan 2016, 16:45 SPANJAARD LIMITED - Dealings in Securities by a Director
SPA 201601210040A
Dealings in Securities by a Director

SPANJAARD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1960/004393/06)
Share code: SPA ISIN code:           ZAE000006938


DEALINGS IN SECURITIES BY A DIRECTOR            January 2016


Release date:                                   21 January 2016

Code:                                           SPA

In accordance with the requirements of paragraphs 3.63 to 3.74 of the Listings
Requirements of the Johannesburg Stock Exchange, the following should be noted:

Director:                                       Bernard Law Montgomery

Date of transaction:                            18 January 2016

Price:                                          3.75 cents per share

Number of securities:                           1

Total value:                                    R3.75

Class of security:                              Ordinary shares

Nature of transactions:                         Sale

Nature and extent of interest:                  Beneficial

Confirmation of trade                           On-market

Clearance given in terms
of paragraph 3.66                               Yes

Sponsor
Arbor Capital Sponsors Proprietary Limited

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