Update Regarding The Sale Of 33 Heerengracht 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”) UPDATE REGARDING THE SALE OF 33 HEERENGRACHT Shareholders are referred to the announcement published by the Company on SENS on 29 June 2020 (“Sale Announcement”) in terms of which shareholders were advised that the Company’s wholly-owned subsidiary, GPI Properties Proprietary Limited (“Seller”), entered into a sale agreement (“Agreement”) with Aragon Property Development Proprietary Limited (“Buyer”) for the sale of the property situated at 33 Heerengracht Street, being Erf 110 Cape Town (“Property”) and the rental enterprise conducted by the Seller on the Property, as a going concern (“Sale”). One of the material terms in the Agreement entitled the Buyer to negotiate leasing terms with prospective tenants for a period of 6 months. Shareholders are hereby advised that the Buyer was not successful in tenanting the Property within the 6-month period. As a result, the condition precedent to the Sale detailed in paragraph 5.1.2.1 of the Sale Announcement was not fulfilled and, accordingly, the Agreement has lapsed. In line with its corporate strategy, GPI remains committed to the selected and controlled sale of assets at attractive valuations and will continue to negotiate with potential buyers of the Property. Cape Town 1 March 2021 Sponsor PSG Capital Date: 01-03-2021 02:00:00 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.