Exercise Of Options By Director 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”) EXERCISE OF OPTIONS BY DIRECTOR In compliance with rules 3.63 to 3.74 of the JSE Listings Requirements, the following information regarding the exercise of options is disclosed: NAME OF DIRECTOR Alex Abercrombie COMPANY OF WHICH A DIRECTOR Grand Parade Investments Limited (“GPI”) STATUS: EXECUTIVE/NON-EXECUTIVE Non-executive NATURE OF TRANSACTION Acquisition of shares in GPI through the exercise of options awarded to the director, in terms of a share incentive scheme, at the time he was an executive director (Off-market transaction) DATE OPTIONS EXERCISED 17 December 2015 OPTION EXERCISE PRICE R 4.24 OPTION STRIKE PRICE R 3.61 NUMBER OF OPTIONS EXERCISED 459,332 TOTAL RAND VALUE OF OPTIONS R 1,658,188.52 STRIKE DATE OF OPTIONS 30 August 2015 PERIOD OF EXERCISE Participants who have retired have a 12 month period from retirement date during which options can be exercised. Mr Abercrombie retired as an executive director with effect from 28 February 2015 and has remained on the board of GPI as a non-executive director. NATURE AND EXTENT OF INTEREST Direct, beneficial IN THE TRANSACTION CLEARANCE OBTAINED Clearance obtained in terms of section 3.66 of JSE Listings Requirements 21 December 2015 Cape Town Sponsor PSG Capital Date: 21/12/2015 02:25:00 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.