GRAND PARADE INVESTMENTS LIMITED - Exercise Of Options By Director

Exercise Of Options By Director

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”)


EXERCISE OF OPTIONS BY DIRECTOR

In compliance with rules 3.63 to 3.74 of the JSE Listings
Requirements, the following information regarding the
exercise of options is disclosed:

NAME OF DIRECTOR                  Alex Abercrombie

COMPANY OF WHICH A DIRECTOR       Grand Parade Investments
                                  Limited (“GPI”)

STATUS: EXECUTIVE/NON-EXECUTIVE   Non-executive

NATURE OF TRANSACTION             Acquisition of shares in GPI
                                  through the exercise of options
                                  awarded to the director, in
                                  terms of a share incentive
                                  scheme, at the time he was an
                                  executive director (Off-market
                                  transaction)

DATE OPTIONS EXERCISED            17 December 2015

OPTION EXERCISE PRICE             R 4.24

OPTION STRIKE PRICE               R 3.61

NUMBER OF OPTIONS EXERCISED       459,332

TOTAL RAND VALUE OF OPTIONS       R 1,658,188.52

STRIKE DATE OF OPTIONS            30 August 2015

PERIOD OF EXERCISE                Participants who have retired
                                  have a 12 month period from
                                  retirement date during which
                                  options can be exercised. Mr
                                  Abercrombie retired as an
                                  executive director with effect
                                  from 28 February 2015 and has
                                  remained on the board of GPI as
                                  a non-executive director.

NATURE AND EXTENT OF INTEREST     Direct, beneficial
IN THE TRANSACTION

CLEARANCE OBTAINED                Clearance obtained in terms of
                                  section 3.66 of JSE Listings
                                  Requirements


21 December 2015
Cape Town

Sponsor
PSG Capital

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