Acceptance Of Options In Terms Of The Grand Parade Share Incentive Trust 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”) ACCEPTANCE OF OPTIONS IN TERMS OF THE GRAND PARADE SHARE INCENTIVE TRUST In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the acceptance of options is disclosed: 1. NAME OF DIRECTOR Colin Michael Priem COMPANY OF WHICH A DIRECTOR Grand Parade Investments Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares NATURE OF TRANSACTION Acceptance of award of options to acquire ordinary shares in terms of the Grand Parade Share Incentive Trust (off-market transaction) DATE OF ACCEPTANCE OF OPTIONS 24 April 2019 DATE OF AWARD OF OPTIONS 1 July 2018 OPTION STRIKE PRICE 204 cents NUMBER OF OPTIONS ACCEPTED 1 470 588 TOTAL RAND VALUE OF OPTIONS R2 999 999.52 ACCEPTED VESTING DATES OF OPTIONS The options will vest in four tranches of 25% each, on the following dates: 1 July 2020 1 July 2021 1 July 2022 1 July 2023 PERIOD OF EXERCISE Participants have a 180-day period from the vesting date during which options can be exercised NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION 2. NAME OF DIRECTOR Mohsin Tajbhai COMPANY OF WHICH A DIRECTOR Grand Parade Investments Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares NATURE OF TRANSACTION Acceptance of award of options to acquire ordinary shares in terms of the Grand Parade Share Incentive Trust (off-market transaction) DATE OF ACCEPTANCE OF OPTIONS 24 April 2019 DATE OF AWARD OF OPTIONS 1 November 2018 OPTION STRIKE PRICE 226 cents NUMBER OF OPTIONS ACCEPTED 1 504 425 TOTAL RAND VALUE OF OPTIONS R3 400 000.50 ACCEPTED VESTING DATES OF OPTIONS The options will vest in four tranches of 25% each, on the following dates: 1 November 2020 1 November 2021 1 November 2022 1 November 2023 PERIOD OF EXERCISE Participants have a 180-day period from the vesting date during which options can be exercised NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION 3. NAME OF DIRECTOR Hassen Adams COMPANY OF WHICH A DIRECTOR Grand Parade Investments Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares NATURE OF TRANSACTION Acceptance of award of options to acquire ordinary shares in terms of the Grand Parade Share Incentive Trust (off-market transaction) DATE OF ACCEPTANCE OF OPTIONS 24 April 2019 DATE OF AWARD OF OPTIONS 27 August 2018 OPTION STRIKE PRICE 186 cents NUMBER OF OPTIONS ACCEPTED 3 262 548 TOTAL RAND VALUE OF OPTIONS R6 068 339.28 ACCEPTED VESTING DATES OF OPTIONS The options will vest in four tranches of 25% each, on the following dates: 27 August 2020 27 August 2021 27 August 2022 27 August 2023 PERIOD OF EXERCISE Participants have a 180-day period from the vesting date during which options can be exercised NATURE AND EXTENT OF INTEREST IN Direct, beneficial THE TRANSACTION The delayed acceptance of the above award of the share options was due to the GPI shareholder engagement towards the latter period of 2018, as well as the closed periods during and subsequent to the date of the award. Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Cape Town 24 April 2019 Sponsor PSG Capital Date: 24/04/2019 02:25:00 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.