GRAND PARADE INVESTMENTS LIMITED - Grand Parade Investments Limited announces joint venture with Merkur Gaming Voluntary announcement

Grand Parade Investments Limited announces joint venture with Merkur Gaming  – Voluntary announcement

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”)

GRAND PARADE INVESTMENTS LIMITED ANNOUNCES JOINT VENTURE
WITH MERKUR GAMING – VOLUNTARY ANNOUNCEMENT

The board of Grand Parade Investments Limited (“GPI” or “the Company”) is
pleased to announce that GPI has signed a joint venture shareholder
agreement (“the joint venture agreement”) with German-based gaming
operator and manufacturer Merkur Gaming GmbH (“Merkur”) to locally
manufacture, assemble and distribute gaming machines. Merkur Gaming is a
wholly-owned subsidiary of the family owned Gauselmann Group.

There are no gambling machine manufacturing facilities in South Africa,
notwithstanding the fact that the industry contributes about R50-billion to GDP
annually.

In terms of the joint venture agreement, GPI and Merkur will form a new
company called Grand Merkur (Pty) Ltd (“Grand Merkur”). Grand Merkur will
be registered in South Africa for the primary purpose of manufacturing,
assembling and distributing slot machines, sports betting terminals and lottery
terminals. Grand Merkur will also investigate opportunities for the possible
operation of gaming facilities, and in future look to develop a training centre,
as well as a research and development centre where locally designed
software, games and alternate hardware will be developed.

The deal signifies the establishment of a proudly South African manufacturing
company with access to the intellectual property of a top European
manufacturer that possesses significant game design and operational
expertise. As a result Grand Merkur will be well positioned to supply the local
market with a product currently only available in Europe.


28 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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