Trading Statement 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”) TRADING STATEMENT In terms of the Listings Requirements of the JSE Limited, a listed company is required to publish a trading statement as soon as it becomes aware that the financial results for the financial period to be reported on next will vary by 20% or more from those of the previous comparable period. GPI hereby advises that a reasonable degree of certainty exists that basic earnings per share will decrease by between 92% and 100% and that headline earnings per share will decrease by between 31% and 39% for the period ended 31 December 2015 compared to the basic earnings per share and headline earnings per share for the previous period ended 31 December 2014. Consequently, the basic earnings per share for the period ended 31 December 2015 will be between 0.48 cents and 10.86 cents per share, compared to the basic earnings per share of 129.69 cents for the previous comparable period. Headline earnings per share for the period ended 31 December 2015 will be between 1.92 cents and 2.18 cents per share, compared to the headline earnings per share of 3.17 cents for the previous comparable period. Basic earnings per share have decreased due to the disposal of 25.1% of GPI Slots (Pty) Ltd (“GPI Slots”) in the prior period which resulted in a R648.0 million gain recognised in the prior period’s basic earnings. Headline earnings per share have also decreased as a result of the disposal of 25.1% of GPI Slots in the prior period. The effect of the disposal has resulted in the portion of GPI Slots’ earnings recognised in GPI’s headline earnings to decrease from 100.0% in the prior period to 30.0% in the current period. The financial information on which this trading statement is based has not been reviewed and reported on by GPI’s external auditors. The financial results for the period ended 31 December 2015 will be published on or about 16 March 2016. Cape Town 10 March 2016 Sponsor: PSG Capital Date: 10/03/2016 04:05:00 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.