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 4 October 2019 DATE OF AWARD OF OPTIONS 9 September 2019 OPTION STRIKE PRICE 280 cents NUMBER OF OPTIONS ACCEPTED 803 571 TOTAL RAND VALUE OF OPTIONS R2 249 998.80 ACCEPTED VESTING DATES OF OPTIONS The options will vest in four tranches of 25% each, on the following dates: 9 September 2021 9 September 2022 9 September 2023 9 September 2024 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 4 October 2019 DATE OF AWARD OF OPTIONS 9 September 2019 OPTION STRIKE PRICE 280 cents NUMBER OF OPTIONS ACCEPTED 910 714 TOTAL RAND VALUE OF OPTIONS R2 549 999.20 ACCEPTED VESTING DATES OF OPTIONS The options will vest in four tranches of 25% each, on the following dates: 9 September 2021 9 September 2022 9 September 2023 9 September 2024 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 Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements. Cape Town 7 October 2019 Sponsor PSG Capital Date: 07/10/2019 04:00:00 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.