GPL - Grand Parade Investments Limited - Fulfilment of conditions precedent in

GPL - Grand Parade Investments Limited - Fulfilment of conditions precedent in  
respect of the additional Real Africa Holdings Limited ("RAH") acquisitions     
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")                                                        
Fulfilment of conditions precedent in respect of the additional Real Africa     
Holdings Limited ("RAH") acquisitions                                           
Shareholders are referred to the announcement as published on SENS on 10 June   
2008 ("the announcement") in respect of the additional RAH acquisitions and     
should note that all of the conditions precedent to the aforementioned          
transaction have now been fulfilled with the JSE Limited having approved the    
listing of 14 680 202 ordinary GPI shares as part settlement of the additional  
RAH acquisitions.                                                               
Shareholders should note that on 13 June 2008, the Board resolved to amend      
certain of the terms and conditions of the extended RAH offer, as defined in the
announcement, such that the condition precedent as referred to in paragraph 4.3 
of the announcement regarding the renunciation by those participating RAH       
minority shareholders of at least 35% of their rights to subscribe for the GPI  
shares to suitably qualified BEE parties, was waived.                           
The additional RAH acquisitions bring GPI`s shareholding in RAH to 30.57%.      
19 June 2008                                                                    
Cape Town                                                                       
Sponsor                                                                         
PSG CAPITAL                                                                     
Corporate adviser                                                               
LEAF CAPITAL                                                                    
Date: 19/06/2008 15:56:37 Supplied by www.sharenet.co.za                     
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