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GRAND PARADE INVESTMENTS LIMITED - Acceptance of options offered by the Grand Parade Share Incentive Trust

Release Date: 11/10/2013 12:25
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Acceptance of options offered by the Grand Parade Share Incentive Trust

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”)

ACCEPTANCE OF OPTIONS OFFERED BY THE GRAND PARADE SHARE
INCENTIVE TRUST

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 A DIRECTOR        Grand Parade Investments
                                   Limited
STATUS: EXECUTIVE/NON-EXECUTIVE    Executive
NUMBER OF OPTIONS GRANTED          4,501,385
OPTION STRIKE PRICE                R3.61
TOTAL RAND VALUE OF OPTIONS        R16 249 999.85
STRIKE DATES OF OPTIONS            30 August 2015, 30 August
                                   2016, 30 August 2017,
                                   30 August 2018*
PERIOD OF EXERCISE                 Participants have a 180 day
                                   period from the respective
                                   strike dates during which
                                   options can be exercised
DATE OPTIONS ACCEPTED              9 October 2013
CLASS AND TYPE OF SECURITIES       Options in respect of ordinary
                                   shares
NATURE OF TRANSACTION              Acceptance of options granted
                                   to subscribe for ordinary
                                   shares in terms of a share
                                   incentive scheme
NATURE AND EXTENT OF INTEREST IN   Direct beneficial
THE TRANSACTION                    (Off-market transaction)
CLEARANCE OBTAINED                 Yes



*The options will vest in 4 tranches of 25% each on the
respective strike dates specified above.

NAME OF DIRECTOR                   Alexander Abercrombie
COMPANY OF WHICH A DIRECTOR        Grand Parade Investments
                                   Limited
STATUS: EXECUTIVE/NON-EXECUTIVE    Executive
NUMBER OF OPTIONS GRANTED          1,837,327
OPTION STRIKE PRICE                R3.61
TOTAL RAND VALUE OF OPTIONS        R6 632 750.47
STRIKE DATES OF OPTIONS            30 August 2015, 30 August
                                   2016, 30 August 2017,
                                   30 August 2018*
PERIOD OF EXERCISE                 Participants have a 180 day
                                   period from the respective
                                   strike dates during which
                                   options can be exercised
DATE OPTIONS ACCEPTED              9 October 2013
CLASS AND TYPE OF SECURITIES       Options in respect of ordinary
                                   shares
NATURE OF TRANSACTION              Acceptance of options granted
                                   to subscribe for ordinary
                                   shares in terms of a share
                                   incentive scheme
NATURE AND EXTENT OF INTEREST IN   Direct beneficial
THE TRANSACTION                    (Off-market transaction)
CLEARANCE OBTAINED                 Yes


*The options will vest in 4 tranches           of   25%   each   on   the
respective strike dates specified above.

NAME OF DIRECTOR                   Alan Keet
COMPANY OF WHICH A DIRECTOR        Grand Parade Investments
                                   Limited
STATUS: EXECUTIVE/NON-EXECUTIVE    Executive
NUMBER OF OPTIONS GRANTED          2,674,019
OPTION STRIKE PRICE                R3.61
TOTAL RAND VALUE OF OPTIONS        R9 653 208.59
STRIKE DATES OF OPTIONS            30 August 2015, 30 August
                                   2016, 30 August 2017,
                                   30 August 2018*
PERIOD OF EXERCISE                 Participants have a 180 day
                                   period from the respective
                                   strike dates during which
                                   options can be exercised
DATE OPTIONS ACCEPTED              9 October 2013
CLASS AND TYPE OF SECURITIES       Options in respect of ordinary
                                   shares
NATURE OF TRANSACTION              Acceptance of options granted
                                   to subscribe for ordinary
                                   shares in terms of a share
                                   incentive scheme
NATURE AND EXTENT OF INTEREST IN   Direct beneficial
THE TRANSACTION                    (Off-market transaction)
CLEARANCE OBTAINED                 Yes


*The options will vest in 4 tranches           of   25%   each   on   the
respective strike dates specified above.




NAME OF DIRECTOR                   Sukena Petersen
COMPANY OF WHICH A DIRECTOR        Grand Parade Investments
                                   Limited
STATUS: EXECUTIVE/NON-EXECUTIVE    Executive
NUMBER OF OPTIONS GRANTED          921,053
OPTION STRIKE PRICE                R3.61
TOTAL RAND VALUE OF OPTIONS        R3 325 001.33
STRIKE DATES OF OPTIONS            30 August 2015, 30 August
                                   2016, 30 August 2017,
                                   30 August 2018*
PERIOD OF EXERCISE                 Participants have a 180 day
                                   period from the respective
                                   strike dates during which
                                   options can be exercised
DATE OPTIONS ACCEPTED              9 October 2013
CLASS AND TYPE OF SECURITIES       Options in respect of ordinary
                                   shares
NATURE OF TRANSACTION              Acceptance of options granted
                                   to subscribe for ordinary
                                   shares in terms of a share
                                   incentive scheme
NATURE AND EXTENT OF INTEREST IN   Direct beneficial
THE TRANSACTION                    (Off-market transaction)
CLEARANCE OBTAINED                 Yes


*The options will vest in 4 tranches of 25% each on the
respective strike dates specified above.


NAME OF COMPANY SECRETARY          Lazelle Parton
COMPANY OF WHICH COMPANY           Grand Parade Investments
SECRETARY                          Limited
NUMBER OF OPTIONS GRANTED          635,859
OPTION STRIKE PRICE                R3.61
TOTAL RAND VALUE OF OPTIONS        R2 295 450.99
STRIKE DATES OF OPTIONS            30 August 2015, 30 August
                                   2016, 30 August 2017,
                                   30 August 2018*
PERIOD OF EXERCISE                 Participants have a 180 day
                                   period from the respective
                                   strike dates during which
                                   options can be exercised
DATE OPTIONS ACCEPTED              9 October 2013
CLASS AND TYPE OF SECURITIES       Options in respect of ordinary
                                   shares
NATURE OF TRANSACTION              Acceptance of options granted
                                   to subscribe for ordinary
                                   shares in terms of a share
                                   incentive scheme
NATURE AND EXTENT OF INTEREST IN   Direct beneficial
THE TRANSACTION                    (Off-market transaction)
CLEARANCE OBTAINED                 Yes


*The options will vest in 4 tranches of 25% each on the
respective strike dates specified above.


11 October 2013
Sponsor
PSG Capital (Pty) Limited

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