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: (i) basic earnings per share will be between 35.68 and 49.95 cents per share, which equates to a decrease of between 65% and 75% for the period ended 30 June 2016 compared to the previous period ended 30 June 2015; (ii) basic earnings per share from continuing operations, which is included in the basic earnings per share, will be between 42.37 and 43.39 cents per share, which equates to an increase of between 515% and 525% for the period ended 30 June 2016 compared to the previous period ended 30 June 2015; (iii) headline earnings per share will be between 1.58 and 2.63 cents per share, which equates to a decrease of between 75% and 85% for the period ended 30 June 2016 compared to the previous period ended 30 June 2015; and (iv) headline earnings per share from continuing operations, which is included in the headline earnings per share, will be between 1.53 and 2.54 cents per share, which equates to an increase of between 115% and 125% for the period ended 30 June 2016 compared to the previous period ended 30 June 2015. 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 30 June 2016 will be published on or about 12 September 2016. Cape Town 05 September 2016 Sponsor and corporate advisor: PSG Capital Date: 05/09/2016 05:25:00 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.