Update Regarding The Acquisition By GPI Of A Further 35% Of Mac Brothers 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”) UPDATE REGARDING THE ACQUISITION BY GPI OF A FURTHER 35% OF MAC BROTHERS CATERING EQUIPMENT (PROPRIETARY) LIMITED (“MAC BROTHERS”) Shareholders are referred to the SENS announcement dated 20 October 2014, whereby shareholders were advised that GPI had entered into a sale of shares agreement with, inter alia, Ranmac Management and Holdings (Proprietary) Limited, Nadesons Investments (Proprietary) Limited (“Nadesons Investments”) and Razia Khan (collectively referred to as “the Sellers”), in terms of which the Sellers agreed to sell 35.00% of the total issued ordinary share capital of Mac Brothers to the Company (“the Acquisition”). Due to one of the Sellers, namely Nadesons Investments, being an associate of Mr Hassen Adams and Mr Alan Keet, both directors of GPI, the Acquisition is a small related party transaction in terms of the Listings Requirements of the JSE Limited (“JSE”). Accordingly, GPI appointed Mazars Corporate Finance (Proprietary) Limited (“Mazars”) as the independent expert to provide written confirmation of the fairness of the Acquisition to GPI shareholders and to the JSE. The aforementioned fairness opinion will lie open for inspection at the registered address of GPI for a period of 28 days from the date of publication of this announcement. Shareholders are hereby further advised that all the outstanding conditions precedent to the Acquisition have been fulfilled and accordingly the Acquisition is now unconditional and will be implemented in terms of the agreements governing the Acquisition. Cape Town 13 January 2015 Sponsor and corporate advisor: PSG Capital (Proprietary) Limited Independent expert: Mazars Corporate Finance (Proprietary) Limited Date: 13/01/2015 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.