Clarification Of Notes In Summarised Audited Financial Statements GRAND PARADE INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1997/003548/06) Share code: GPL ISIN: ZAE000119814 (“GPI” or “the Company”) CLARIFICATION OF NOTES IN SUMMARISED AUDITED FINANCIAL STATEMENTS Shareholders are referred to the Summarised Audited Financial Statements for the year ended 30 June 2018 (“Summarised Financial Statements”) published by the Company on 28 September 2018, on SENS and on the Company’s website. Further to the publication of the Summarised Financial Statements, shareholders are hereby advised that it has come to the attention of the Company that formatting errors occurred in note 4 and note 7 of the Summarised Financial Statements. Note 4 Profit on disposal of property, plant, equipment and intangibles incorrectly disclosed as impairment of property, plant and equipment in the reconciliation of headline (loss)/earnings for the year. This correction does not impact the total headline loss for the year. Note 7 The updated note 7 is reflected below: 7. Directors emoluments 2018 Salary Short- Long Bonuses Directors Audit and Remuneration Investment Social and Total Loans Share- term term fees risk and nomination committee ethics remuneration advanced based benefits(1) benefits committee committee committee payment expense Executive directors H Adams 3 825 1 473 124 4 862 - - - - - 10 284 - 486 T Karriem (2) 1 620 84 243 2 015 - - - - - 3 962 - - (3) D Pienaar 1 489 69 72 2 109 - - - - - 3 739 - - S Barends (4) 1 333 70 143 274 - - - - - 1 820 - - Sub-total 8 267 1 696 582 9 260 - - - - - 19 805 - 486 Non-executive directors A Abercrombie - - - - 195 - 67 10 37 309 - - W Geach - - - - 212 93 - - - 305 - - R Hargey - - - - 219 - - - - 219 - - C Priem - - - - 248 143 53 10 - 454 - - N Maharaj - - - - 246 80 98 - 20 444 - - N Mlambo - - - - 212 - 67 - - 279 - - Sub-total - - - - 1 332 316 285 20 57 2010 - - Total 8 267 1 696 582 9 260 1 332 316 285 20 57 21 815 - 486 (1) Short-term benefits include medical aid contributions, allowances and fringe benefit tax on interest-free loans. (2) T Karriem resigned as executive director on 02 April 2018. Amounts disclosed above include remuneration for 11 months. (3) D Pienaar resigned as executive director on 07 November 2017. Amounts disclosed above include remuneration for 5 months. (4) S Barends resigned as executive director on 30 June 2018. Amounts disclosed above include remuneration for 12 months. The Summarised Financial Statements have been updated to reflect the corrected notes and are available on the Company’s website at https://thevault.exchange/?get_group_doc=13/1538470656- GrandParadeAnnualResultsBooklet12401V820181002SLS08h45.pdf Cape Town 02 October 2018 Sponsor PSG Capital Date: 02/10/2018 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.