GPL - Grand Parade Investments Limited - Voluntary announcement on proposed

GPL - Grand Parade Investments Limited - Voluntary announcement on proposed     
changes to the Western Cape Provincial Policy and Legislation on Gambling       
Grand Parade Investments Limited                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/003548/06)                                            
Share code: GPL    ISIN: ZAE000119814                                           
("GPI")                                                                         
VOLUNTARY ANNOUNCEMENT ON PROPOSED CHANGES TO THE WESTERN CAPE PROVINCIAL POLICY
AND LEGISLATION ON GAMBLING                                                     
Shareholders of GPI are advised that the Provincial Government of the Western   
Cape (PGWC) has informed GPI that it intends announcing a change of policy which
will permit an existing Western Cape casino licence to relocate to an area      
within the Cape Metropole which the PGWC believes is untapped by GrandWest and  
further believes would not significantly impact on GrandWest`s revenues, as such
relocated licence would be focused on the niche "high roller and tourist"       
market.                                                                         
This change in policy will require legislative enactment and a public process,  
which the PGWC have indicated is unlikely to be concluded before 2012.          
The GPI Board is confident that it will be afforded an opportunity to give input
during this process and in so doing ensure a beneficial outcome for all         
stakeholders, which is in line with the PGWC`s initial assurances as stated     
above.                                                                          
A further announcement will be made in due course when more information is      
available.                                                                      
15 July 2010                                                                    
Sponsor to Grand Parade Investments Limited - PSG Capital (Pty) Limited         
Date: 15/07/2010 15:08:01 Supplied by www.sharenet.co.za                     
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