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GPL - Grand Parade Investments Limited - Swap of the GPI SPV Trust and The GPI BBBEE Trust Units for GPI Ordinary Shares on A 1:1 Basis 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") SWAP OF THE GPI SPV TRUST AND THE GPI BBBEE TRUST UNITS FOR GPI ORDINARY SHARES ON A 1:1 BASIS Following the release of the lock-in restrictions, the GPI SPV Trust and the GPI BBBEE Trust were unwound on 31 January 2012 and shareholders (which also includes the directors set out below), who held units in the aforementioned trusts, became entitled to swap their BBBEE units for GPI ordinary shares on a 1:1 basis. The directors had no discretion in the transaction and were not trustees of the aforementioned two trusts. The swap of the units for GPI ordinary shares is therefore strictly speaking not a dealing by the directors, but given the JSE Listings Requirements, same is required to be announced. In compliance with rules 3.63 to 3.74 of the JSE Limited`s Listings Requirements, the following information is disclosed: NAME OF DIRECTOR Hassen Adams COMPANY OF WHICH I AM A Grand Parade Investments Limited DIRECTOR STATUS: EXECUTIVE/NON- Executive EXECUTIVE TYPE OF SECURITIES GPI SPV and BBBEE Trust units EFFECTIVE DATE OF UNWINDING 31 January 2012 DATE OF ISSUE OF GPI 24 February 2012 ORDINARY SHARES IN LIEU OF UNITS NUMBER OF BBBEE UNITS 3 883 826 (1) ENTITLED TO SWAP FOR GPI 409 119 (2) ORDINARY SHARES TOTAL DEEMED RAND VALUE OF R9 126 991.10 (1) SECURITIES R961 429.65 (2) The deemed rand value is based on
the closing market price of GPI shares on 24 February 2012 (235 cents per share) NATURE OF TRANSACTION Following the release of a lock-in restrictions, the trustees of the GPI SPV Trust and the trustees of the GPI BBBEE Trust have exercised the powers granted to them by the
trust deeds and resolved to redeem all units. The effect of which is that the units currently owned directly and indirectly by the
director will automatically be converted into GPI ordinary shares on a 1:1 basis. (Off-market transaction)
NAME OF ASSOCIATE Quintessence Opportunities (Pty) Ltd (1) Midnight Storm Investments 387 (Pty) Ltd (2)
RELATIONSHIP WITH DIRECTOR Director and 44% shareholder of the Associate (1) Director and 39% shareholder of the
Associate (2) NATURE AND EXTENT OF Indirect beneficial (1)&(2) INTEREST IN THE TRANSACTION CLEARANCE OBTAINED Yes NAME OF DIRECTOR Ralph Freese COMPANY OF WHICH I AM A Grand Parade Investments Limited DIRECTOR STATUS: EXECUTIVE/NON- Non-Executive EXECUTIVE TYPE OF SECURITIES GPI BBBEE Trust units EFFECTIVE DATE OF UNWINDING 31 January 2012 DATE OF ISSUE OF GPI 24 February 2012 ORDINARY SHARES IN LIEU OF UNITS NUMBER OF BBBEE UNITS 136 844 (1) ENTITLED TO SWAP FOR GPI 106 500 (2) ORDINARY SHARES TOTAL DEEMED RAND VALUE OF R321 583.40 (1) SECURITIES R250 275.00 (2) The deemed rand value is based on the closing market price of GPI shares on 24 February 2012 (235 cents per share)
NATURE OF TRANSACTION Following the release of a lock-in restrictions, the trustees of the GPI BBBEE Trust have exercised the powers granted to them by the trust
deed and resolved to redeem all units. The effect of which is that the units currently owned directly or indirectly by the director will
automatically be converted into GPI ordinary shares on a 1:1 basis. (Off-market transaction) NATURE AND EXTENT OF Direct beneficial (1) INTEREST IN THE TRANSACTION Indirect beneficial (2) NAME OF ASSOCIATE Mantis Projects (Pty) Ltd (2) RELATIONSHIP WITH DIRECTOR Director and 100% shareholder of the associate CLEARANCE OBTAINED Yes NAME OF DIRECTOR Faldi Samaai COMPANY OF WHICH I AM A Grand Parade Investments Limited DIRECTOR STATUS: EXECUTIVE/NON- Non Executive EXECUTIVE TYPE OF SECURITIES GPI BBBEE Trust units EFFECTIVE DATE OF UNWINDING 31 January 2012 DATE OF ISSUE OF GPI 24 February 2012 ORDINARY SHARES IN LIEU OF UNITS NUMBER OF BBBEE UNITS 3 883 826 ENTITLED TO SWAP FOR GPI ORDINARY SHARES TOTAL DEEMED RAND VALUE OF R9 126 991.10 SECURITIES The deemed rand value is based on the closing market price of GPI shares on 24 February 2012 (235 cents per share)
NATURE OF TRANSACTION Following the release of a lock-in restrictions, the trustees of the GPI BBBEE trust have exercised the powers granted to them by the trust
deeds and resolved to redeem all units. The effect of which is that the units currently owned indirectly by the director will
automatically be converted into GPI ordinary shares on a 1:1 basis. (Off-market transaction) NATURE AND EXTENT OF Indirect beneficial INTEREST IN THE TRANSACTION NAME OF ASSOCIATE Quintessence opportunities (Pty) Ltd RELATIONSHIP WITH DIRECTOR 1.13% Shareholder of the associate CLEARANCE OBTAINED Yes NAME OF DIRECTOR Anthony Bedford COMPANY OF WHICH I AM A Grand Parade Investments Limited DIRECTOR STATUS: EXECUTIVE/NON- Non-Executive EXECUTIVE TYPE OF SECURITIES GPI BBBEE Trust units EFFECTIVE DATE OF UNWINDING 31 January 2012 DATE OF ISSUE OF GPI 24 February 2012 ORDINARY SHARES IN LIEU OF UNITS NUMBER OF BBBEE UNITS 135 352 (1) ENTITLED TO SWAP FOR GPI 1 658 009 (2) ORDINARY SHARES TOTAL DEEMED RAND VALUE OF R318 077.20 (1) SECURITIES R3 896 321.15 (2) The deemed rand value is based on the closing market price of GPI shares on 24 February 2012 (235 cents per share)
NATURE OF TRANSACTION Following the release of a lock-in restrictions, the trustees of the GPI BBBEE trust have exercised the powers granted to them by the trust
deed and resolved to redeem all units. The effect of which is that the units currently owned directly and indirectly by the director will
automatically be converted into GPI ordinary shares on a 1:1 basis. (Off-market transaction) NAME OF ASSOCIATE Prosperity Through Partnership Limited RELATIONSHIP WITH DIRECTOR Director and 32% shareholder of the associate CLEARANCE OBTAINED Yes 28 February 2012 Sponsor PSG Capital (Pty) Limited Date: 28/02/2012 17:42:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
