GRAND PARADE INVESTMENTS LIMITED - Voluntary Announcement: Third National Lottery Licence Application

Voluntary Announcement: Third National Lottery Licence Application

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”)

VOLUNTARY ANNOUNCEMENT: THIRD NATIONAL LOTTERY LICENCE
APPLICATION

Shareholders are hereby advised that GPI’s application for the
Third National Lottery Licence (“Licence”) has been
unsuccessful. Grand Lottery (Proprietary) Limited (“Grand
Lottery”), a wholly-owned subsidiary of GPI, and the applicant
for the Licence, received notice today from the Minister of
Trade and Industry that its application had been unsuccessful.

Grand Lottery submitted a Licence bid to the National Lottery
Board on 30 November 2013. The bid costs were accounted for in
the previous financial year and since then no significant
expenses have been incurred.

GPI remains focused on the growth of its existing businesses
with particular reference to the extensive roll out of BURGER
KING® stores nationally and the development, to maximum
capacity, of the manufacturing potential of Mac Brothers
Catering Equipment (Proprietary) Limited and Grand Tellumat
Manufacturing (Proprietary) Limited (“GTM”).

GTM remains well positioned to become a leading manufacturer
of gaming machines and intends to explore opportunities for
the manufacture of lottery and ancillary terminals.

The Licence application does not constitute a reportable
transaction in terms of section 9 of the JSE Limited Listings
Requirements and accordingly this announcement is made on a
voluntary basis.

23 October 2014
Cape Town

Sponsor: PSG Capital

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