Appointment Of Directors GRAND PARADE INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1997/003548/06) Share code: GPL ISIN: ZAE000119814 (“the Company” or “GPI”) APPOINTMENT OF DIRECTORS In accordance with paragraph 3.59(a) of the JSE Limited Listings Requirements, the board of directors of the Company (“the Board”) wishes to advise that Mr. Monde Nkosi (“Monde”) has been appointed as a non-executive director of the Company with immediate effect and Mrs Rozanna Kader (“Rozanna”) has been appointed as a non-executive director of the Company with effect from 1 February 2020. Monde has investment experience in private and listed businesses in South Africa and the USA. He is currently a senior investment professional at Value Capital Partners (“VCP”), an investment firm that acts as an engaged shareholder in several JSE-listed entities. Prior to VCP, Monde was on the investment team of FFL Partners, a San-Francisco based private equity firm managing over USD2 billion. Monde is currently a non-executive director of Adcorp Holdings Limited. He holds a Bachelor of Business Science from the University of Cape Town, a Master of Arts from Stanford University and a Master of Business Administration from Stanford University. Rozanna has extensive hospitality and management experience. She currently serves as a non-executive director on the boards of Nadeson Enterprises, Nadeson Investments, Zevocept and Afriserv. Prior to her current role as a consultant focusing on management performance, Rozanna served as the chief operating officer of three of the GPI group companies, namely Grand Coffee House (Pty) Ltd (Dunkin Donuts South Africa), Grand Bakery and Grand Ice Cream (Pty) Ltd (Baskin Robbins South Africa). The Board welcomes Monde and Rozanna and looks forward to their contribution to the Company. Cape Town 4 December 2019 Sponsor PSG Capital Date: 04-12-2019 05:00:00 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.