GPL - Grand Parade Investments Limited - Appointment Of New Directors

GPL - Grand Parade Investments Limited - Appointment Of New Directors           
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")                                                        
APPOINTMENT OF NEW DIRECTORS                                                    
In terms of paragraph 3.59 of the Listing Requirements of the JSE Limited, it is
with great pleasure that GPI announces the appointment of three new directors to
the Board of GPI.                                                               
Adrian Funkey is to be appointed as the new Chief Executive Officer ("CEO") of  
the Company with effect from 01 September 2008.                                 
Adrian is a qualified Chartered Accountant. He previously held a senior         
executive position with Sun International Limited and brings with him vast      
experience in the gaming and leisure industry.                                  
Richard Hoption, the current CEO, has recently indicated his desire to step     
aside from that role. Richard will accordingly resign as CEO with effect from 01
September 2008. The company is very grateful to Richard for his input as CEO    
especially his pivotal role during the very successful listing of GPI in June   
2008. Richard will remain with GPI and focus on investments and strategy        
including looking at new opportunities of which there are currently a number    
under consideration.                                                            
Norman Maharaj and Charl Williams are to be appointed as independent, non-      
executive directors effective from 01 August 2008.                              
Norman Maharaj is currently the Commissioner in Public Service Commission and is
an Honorary Director of Bush Radio and Chairperson of the Inter Hospital Co-    
ordinating Committee. He is a qualified medical doctor and has held senior      
executive management positions at a number of Western Cape government hospitals;
including Groote Schuur, GF Jooste and Red Cross Children`s Hospital and is a   
founding member of the National Union of Public Service and Allied Workers.  His
extensive public service experience will help broaden the Board`s analytical and
decision-making abilities.                                                      
Charl Williams is a director at Hofmeyr Herbstein & Gihwala Inc. and practises  
principally in commercial and corporate law. Charl holds a BA (Law), LLB, and   
LLM (Advanced Company Law and Tax Law) degrees obtained from the Universities of
the Western Cape and Cape Town, respectively.                                   
29 July 2008                                                                    
Cape Town                                                                       
Sponsor: PSG Capital (Pty) Limited                                              
Corporate advisor: Leaf Capital (Pty) Ltd                                       
Date: 29/07/2008 15:39:02 Supplied by www.sharenet.co.za                     
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