GRAND PARADE INVESTMENTS LIMITED - Update in relation to Disposal of Interest in Burger King

Update in relation to Disposal of Interest in Burger King

GRAND PARADE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“the Company”)

UPDATE IN RELATION TO DISPOSAL OF INTEREST IN BURGER KING

Shareholders are referred to the Company’s detailed terms announcement published on
SENS on 19 February 2020 and the updated terms announcement published on SENS on
29 July 2020 (“Terms Announcement”), advising shareholders that the parties have, on 28
July 2020, concluded a revised binding offer (“Binding Offer”) regarding the proposed
disposal of the Company’s shares it holds in (i) Burger King (South Africa) RF Proprietary
Limited and (ii) Grand Foods Meat Plant Proprietary Limited, to ECP Africa Fund IV LLC
(“Disposal”).

Shareholders hereby advised that the date for the conclusion of the share purchase
agreement (“SPA”) in respect of the Disposal has expired. The parties are however
considering a formal extension of the offer while urgently negotiating the SPA. Shareholders
will be updated as to the progress of such negotiations in due course.

Cape Town
24 December 2020

Sponsor
PSG Capital

Date: 24-12-2020 11:45:00
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