GPL - Grand Parade Investments Limited - Results of General Meeting of

GPL - Grand Parade Investments Limited - Results of General Meeting of          
shareholders                                                                    
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")                                                        
RESULTS OF GENERAL MEETING OF SHAREHOLDERS                                      
1.   Shareholders of GPI are referred to the announcements released by          
    the Company on SENS on 16 May 2011, in the press on 17 May 2011 and         
on SENS on 3 August 2011 and to the Company`s circular ("the                
    Circular") to shareholders issued on 15 August 2011 relating to the         
    rearrangement of GPI`s and Sun International Limited`s common               
    interests in certain of their shared investments and involving:             
1.1  the sale by GPI and its wholly-owned subsidiary, Business              
         Venture Investments No 575 (Proprietary) Limited, of certain           
         shares held by them in SunWest International (Proprietary)             
         Limited to Sun International (South Africa) Limited ("SISA");          
1.2  the sale by GPI of certain shares held by the Company in               
         Worcester Casino (Proprietary) Limited to SISA;                        
    1.3  the acceptance by GPI and its wholly-owned subsidiary, Utish           
         Investments (Proprietary) Limited, of an offer, should such            
offer be made, by SISA to acquire their entire shareholding in         
         Real Africa Holdings Limited (such offer only to be made               
         following the fulfillment of certain preconditions); and               
    1.4  the restructuring of management arrangements by means of the           
cancellation and replacement of certain management agreements.         
2.   Shareholders are advised that at the general meeting of GPI held on        
    14 September 2011, the ordinary resolutions, as more fully set out          
    in the notice of general meeting included in the Circular, were             
passed by the requisite majority of shareholders present and                
    represented by proxy. For the avoidance of doubt, the restructuring         
    of management arrangements referred to in paragraph 1.4 above, did          
    not require shareholder approval.                                           
3.   As stated in the Important Dates and Times section of the Circular,        
    GPI anticipates that all conditions precedent to the Proposed               
    Restructure will be fulfilled by 28 October 2011. Fulfillment of            
    the conditions precedent will be announced by the Company on SENS.          
Cape Town                                                                       
15 September 2011                                                               
Sponsor                                                                         
PSG Capital (Pty) Limited                                                       
Date: 15/09/2011 16:18:14 Supplied by www.sharenet.co.za                     
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