Shareholders of SPAR ("Shareholders") are advised that BWG Group, the Company's subsidiary in Ireland, has entered into negotiations to acquire the trading business of ADM Londis ("Londis") for €23 million ("Proposed Acquisition"). Londis operates in the convenience, forecourt and supermarket sector in Ireland through a range of 200 stores located throughout that country with total annual sales of almost €200 million.

Completion of the Proposed Acquisition is subject to certain conditions, including Londis' shareholder approval and other regulatory approvals. The Proposed Acquisition falls below the threshold of the categorisation of transactions which require disclosure in terms of the JSE Limited"s Listings Requirements. Nevertheless, the board of SPAR deemed it appropriate to inform Shareholders of the Proposed Acquisition.

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