Enhanced Investments - Financial Portal

Changes to the board committees

Published: 2022-11-16 16:05:19 ET

                                     THE SPAR GROUP LIMITED
                              (Incorporated in the Republic of South Africa)
                                 (Registration number: 1967/001572/06)
                                             JSE Code: SPP
                                          ISIN: ZAE000058517
                                      (“SPAR” or the “Company”)


                              CHANGES TO THE BOARD COMMITTEES


In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, SPAR shareholders
(“Shareholders”) are hereby advised of the following changes relating to the committees of the board of
directors of the Company (“Board”).

Shareholders are advised that, with effect from Tuesday, 14 February 2023, the Company’s remuneration
and nomination committees will be combined into one committee (the “Remuneration and Nomination
Committee”) and comprise of the following Board members, subject to their re-election as directors of the
Company at the upcoming 2023 annual general meeting (where applicable):

-   Mrs Marang Mashologu, an independent non-executive director of the Company, will serve as
    chairperson to the Remuneration and Nomination Committee.
-   Mr Andrew Waller, the lead independent director of the Board, will serve as a member to the
    Remuneration and Nomination Committee.
-   Mr Graham O’Connor, the chairman of the Board, will serve as a member to the Remuneration and
    Nomination Committee.
-   Mrs Phumla Mnganga, an independent non-executive director of the Company, will serve as a member
    to the Remuneration and Nomination Committee.

Pinetown

16 November 2022

Sponsor
One Capital

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.