Category 2 Transaction Announcement – Subscription For 10% Of Spur Corporation Limited - Condition Precedents Fulfil 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”) CATEGORY 2 TRANSACTION ANNOUNCEMENT – SUBSCRIPTION FOR 10% OF SPUR CORPORATION LIMITED - CONDITION PRECEDENTS FULFILLED Shareholders are referred to the Company`s announcement released on SENS on 31 July 2014 regarding the category 2 transaction in terms of which GPI entered into definitive agreements to subscribe for 10% of the issued ordinary share capital of Spur Corporation Limited (“Spur”) as part of a strategic Broad-Based Black Economic Empowerment (“B-BBEE”) transaction for a total purchase consideration of R294.7 million (the “Proposed Transaction”). Shareholders are advised that all the conditions precedent to the Proposed Transaction have now been fulfilled and that the Proposed Transaction has accordingly become unconditional. GPI has been issued with 10 848 093 ordinary shares in the issued listed ordinary share capital of Spur. 30 October 2014 Sponsor PSG Capital Corporate adviser Leaf Capital Legal adviser Bernadt Vukic Potash & Getz Date: 30/10/2014 10:00:00 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.