Enhanced Investments - Financial Portal

Changes to board committee

Published: 2023-01-10 18:17:27 ET

                                     The SPAR Group Limited
                            (Incorporated in the Republic of South Africa)
                               (Registration number: 1967/001572/06)
                                          Share Code: SPP
                                        ISIN: ZAE000058517
                                    (“SPAR” or the “Company”)


                               CHANGES TO BOARD COMMITTEE

SPAR shareholders (“Shareholders”) are referred to the announcement published on SENS on
Wednesday, 16 November 2022, wherein Shareholders were advised, inter alia, of the combination of
the Company’s remuneration and nominations committees into one committee (the “Remuneration
and Nominations Committee”) and that, subject to her re-election as a director of the Company at the
upcoming 2023 annual general meeting, Mrs Marang Mashologu will serve as chairperson of the
Remuneration and Nominations Committee with effect from Tuesday, 14 February 2023.

In compliance with paragraph 3.59 of the JSE Limited Listings Requirements, the board of directors of
SPAR (“Board”) wishes to notify Shareholders of the following interim changes to the nominations
committee with immediate effect:

-   Mr Graham O’Connor, a non-executive director of the Board, will step down as chairman of the
    nominations committee. Mr O’Connor will continue to serve as a member of the nominations
    committee.
-   Mr Mike Bosman, the independent non-executive chairman of the Board, will serve as interim
    chairman of the nominations committee until Tuesday, 14 February 2023, when the Remuneration
    and Nominations Committee will become effective.


Pinetown
10 January 2023

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.