Changes To The GPI Board Of Directors GRAND PARADE INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1997/003548/06) Share code: GPL ISIN: ZAE000119814 (“GPI” or “the Group” or “the Company”) CHANGES TO THE GPI BOARD OF DIRECTORS In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the board of directors of the Company (“the Board”) wishes to advise that Mr. Colin Priem (“Mr Priem”) has decided to step down as Group chief financial officer of the Company, with effect from 31 March 2020. Mr. Jayson October (“Mr October”), the current deputy chief financial officer of the Company, has been appointed as the Group chief financial officer with effect from 1 April 2020. Mr. October holds the qualifications BCompt (Hons), CA(SA). He has over 14 years professional experience including serving as Group management accountant, Group financial manager, and deputy chief financial officer during his time with the Company. Prior to joining GPI, Mr. October served as an audit supervisor at Mazars. The Board would like to thank Mr. Priem for his valuable contribution to the Company and wishes him well as he continues to pursue his academic interests in finance. Cape Town 12 February 2020 Sponsor PSG Capital Date: 12-02-2020 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.