GRAND PARADE INVESTMENTS LIMITED - Grand Parade Investments Limited Announces Joint Venture With Burger King Worldwide (BKW") Voluntary Announcement

Grand Parade Investments Limited Announces Joint Venture With Burger King Worldwide (“BKW") – Voluntary Announcement

GRAND PARADE INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1997/003548/06
Share code: GPL
ISIN: ZAE000119814

 GRAND PARADE INVESTMENTS LIMITED ANNOUCES JOINT VENTURE WITH
   BURGER KING WORLDWIDE (“BKW") – VOLUNTARY ANNOUNCEMENT

The board of Grand Parade Investments Limited (“GPI” or “the Company”) is
pleased to announce that the wholly owned group subsidiary, Utish Investments
(Pty) Ltd (“Utish”), has entered into a joint venture (subject to the fulfillment of
certain conditions precedent, including the approval of the South African
Reserve Bank) with certain subsidiaries of Burger King Worldwide, Inc (“Burger
King”) to form Burger King South Africa (Pty) Ltd (“BKSA”) (“Joint Venture”).

In terms of the Joint Venture, BKSA will hold the master franchise for the
Republic of South Africa and have exclusive rights to develop and expand the
BURGER KING® brand in this country. BKSA plans to open the first BURGER
KING® restaurant in the first half of 2013.

The Joint Venture is in line with GPI’s strategy of entering the quick service
restaurant (“QSR”) market where the Company is able to capitalise on its
experience in the management of outlet driven businesses such as its limited
payout machine business. The board of GPI believes that a partnership with such
a highly respected global brand provides the ideal platform to enter the growing
QSR market in South Africa.

Burger King Worldwide is globally acclaimed for its customised, affordable and
high quality flame-grilled 100% beef burgers and chicken products.

The Joint Venture, of which GPI will have a majority shareholding, will be funded
from existing cash resources and new debt and is not expected to have a material
impact on earnings per share in the first year of operation.

Any reference to the future financial performance of the Company contained in
this announcement has not been reviewed or reported on by the Company’s
auditors.

8 November 2012
Cape Town
Sponsor – PSG Capital (Pty) Ltd
Corporate Advisor – Leaf Capital (Pty) Ltd
Legal Advisors – Bernadt Vukic Potash & Getz Attorneys

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