GPL - Grand Parade Investments Limited - Declaration of a special cash

GPL - Grand Parade Investments Limited - Declaration of a special cash          
dividend                                                                        
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")                                                        
DECLARATION OF A SPECIAL CASH DIVIDEND                                          
Shareholders are referred to the circular issued by the Company dated 15        
August 2011 and to its various SENS announcements (specifically the             
announcement released on 2 December 2011) regarding the proposed transaction    
to rearrange GPI`s and Sun International Limited`s common interests in          
certain of their shared investments ("the Proposed Restructure").               
Following the above, shareholders are hereby advised that the board of          
directors of the Company has declared a special dividend of 60 cents per        
share subject to the approval by the Financial Surveillance Department of       
the South African Reserve Bank ("the Special Dividend"). As set out in the      
aforementioned circular and announcements, the reason for the Special           
Dividend is that the board believes that a significant portion of the cash      
proceeds of the Proposed Restructure should be distributed to shareholders.     
The Special Dividend should be treated by shareholders as an income payment.    
The relevant dates for the Special Dividend are as follows:                     
Last day to trade            Friday, 06 January 2012                            
Securities start trading     Monday, 09 January 2012                            
"ex" dividend                                                                   
Record date                  Friday, 13 January 2012                            
Payment date                 Monday, 16 January 2012                            
Share certificates may not de dematerialised or rematerialised between          
Monday, 09 January 2012 and Friday, 13 January 2012, both dates included.       
13 December 2011                                                                
Cape Town                                                                       
Sponsor:                                                                        
PSG Capital (Pty) Limited                                                       
Date: 13/12/2011 15:51:32 Supplied by www.sharenet.co.za                     
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