Change Statement And Notice Of Annual General Meeting 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" or “the Group”) CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING CHANGE STATEMENT Shareholders are hereby advised that the integrated annual report for the year ended 30 June 2013 is being posted to shareholders today, 27 September 2013, and save for the changes set out below, contains no material modifications to the reviewed results which were published on the Stock Exchange News Service of the JSE Limited on Monday, 2 September 2013. AUDITED RESULTS FOR THE YEAR ENDED 30 JUNE 2013 GROUP STATEMENT OF COMPREHENSIVE INCOME Audited Reviewed Note 30 June 30 June change 2013 2013 Adjusted and diluted adjusted 1 31.00 30.97 0.03 headline earnings per share (cents) GROUP STATEMENT OF FINANCIAL POSITION Note Audited Reviewed 30 June 2013 30 June 2013 R change R’000s R'000s R'000s ASSETS Non-current assets 1 529 714 1 529 715 (1) Current assets 2 471 033 466 909 4 124 Total assets 2 000 747 1 996 624 4 123 EQUITY AND LIABILITIES Total equity 1 655 497 1 655 497 - Non-controlling interest (1 957) (1 957) - Total shareholder’s equity 1 653 540 1 653 540 Non-current liabilities - Provisions 768 768 - - Deferred tax liabilities 12 107 12 107 - - Interest-bearing borrowings and loans 83 436 83 436 - - Cumulative redeemable preference shares 132 424 132 423 1 Current Liabilities 2 118 228 114 106 4 122 Total Equity & liabilities 2 000 747 1 996 624 4 123 GROUP STATEMENT OF CASH FLOW Audited Reviewed 30 June 2013 30 June 2013 R change R’000s R'000s R'000s Cash flows from operating activities Note Net cash generated from operations 4 & 5 86 352 84 572 1 780 Income taxes paid (15 049) (15 048) (1) Finance income 6 216 6 216 - Net cash inflow from operating activities 77 519 75 740 1 779 Cash flows from investing activities Acquisition of plant and equipment 3 (68 327) (78 229) 9 902 Acquisition of land and buildings 3 (88 434) (78 554) (9 880) Acquisition of intangible assets 3 (4 607) (4 586) (21) Proceeds from the disposal of property, plant and equipment 9 9 - Dividends received 131 496 131 495 1 Net cash outflow from investing activities (29 863) (29 865) 2 Cash flows from financing activities Finance costs 4 (15 594) (14 603) (991) Increase/ (decrease) in loans 5 56 882 57 672 (790) Dividends paid (90 873) (90 873) - Net cash outflow from financing activities (49 585) (47 804) (1 781) Net cash increase in cash and cash equivalents (1 929) (1 929) - Cash and cash equivalents at the beginning of the year 405 147 405 147 - Cash and cash equivalents at the end of the year 403 218 403 218 - The difference between the audited annual financial statements and the reviewed results arise from the change in disclosure of the following items. There has not been any material change in the amounts. Note 1: The amount remaining after eliminating intra-group entries in respect of the GPI Share Incentive Scheme should have been added back instead of deducting it in the adjusted headline earnings calculation. Note 2: VAT receivable was included in trade and other payables and was reallocated to trade and other receivables. Note 3: The movement in acquisition of land and buildings and plant and equipment are due to combining certain of the asset categories in land and buildings and plant and equipment: Food division. Note 4: Eliminating the non-cash flow effect of finance costs paid. Note 5: Reallocation of amounts owed to suppliers to trade and other payables. NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the annual general meeting of shareholders of GPI will be held on Wednesday, 11 December 2013, at 18:00 at Market Hall, GrandWest Casino, Goodwood, Cape Town to transact the business stated in the notice of annual general meeting, which notice forms part of the abridged annual report. The date on which shareholders must be recorded in the share register of the Company for purposes of being entitled to attend and vote at the annual general meeting is Friday, 6 December 2013, with the last day to trade being Friday, 29 November 2013. 27 September 2013 Cape Town Sponsor PSG Capital (Pty) Limited Date: 27/09/2013 04:46:00 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.