Acceptance Of Options Offered By The Grand Parade Share Incentive Trust 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”) ACCEPTANCE OF OPTIONS OFFERED BY THE GRAND PARADE SHARE INCENTIVE TRUST In compliance with rules 3.63 to 3.74 of the JSE Limited’s Listings Requirements, the following information is disclosed: NAME OF DIRECTOR Alan Keet COMPANY OF WHICH A DIRECTOR Grand Parade Investments Limited STATUS: EXECUTIVE/NON- Executive EXECUTIVE NUMBER OF OPTIONS GRANTED 1,161,014 OPTION STRIKE PRICE R 3.52 (GPI’s 30 day volume weighted average traded price at 11 August 2016) TOTAL RAND VALUE OF OPTIONS R 4,086,769.28 STRIKE DATES OF OPTIONS 9 September 2018; 9 September 2019; 9 September 2020; 9 September 2021* PERIOD OF EXERCISE Participants have a 180 day period from the respective strike dates during which options can be exercised DATE OF AWARD 9 September 2016 DATE OPTIONS ACCEPTED 21 September 2016 CLASS AND TYPE OF SECURITIES Options in respect of ordinary shares NATURE OF TRANSACTION Acceptance of options granted to subscribe for ordinary shares in terms of a share incentive scheme NATURE AND EXTENT OF INTEREST Direct beneficial IN THE TRANSACTION CLEARANCE OBTAINED Yes *The options will vest in 4 tranches of 25% each on the respective strike dates specified above. NAME OF DIRECTOR Dylan Pienaar COMPANY OF WHICH A DIRECTOR Grand Parade Investments Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive NUMBER OF OPTIONS GRANTED 874,904 OPTION STRIKE PRICE R 3.52(GPI’s 30 day volume weighted average traded price at 11 August2016) TOTAL RAND VALUE OF OPTIONS R 3,079,662.08 STRIKE DATES OF OPTIONS 9 September 2018; 9 September 2019; 9 September 2020; 9 September 2021* PERIOD OF EXERCISE Participants have a 180 day period from the respective strike dates during which options can be exercised DATE OF AWARD 9 September 2016 DATE OPTIONS ACCEPTED 21 September 2016 CLASS AND TYPE OF SECURITIES Options in respect of ordinary shares NATURE OF TRANSACTION Acceptance of options granted to subscribe for ordinary shares in terms of a share incentive scheme NATURE AND EXTENT OF INTEREST IN Direct beneficial THE TRANSACTION CLEARANCE OBTAINED Yes *The options will vest in 4 tranches of 25% each on the respective strike dates specified above. NAME OF DIRECTOR Tasneem Karriem COMPANY OF WHICH A DIRECTOR Grand Parade Investments Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive NUMBER OF OPTIONS GRANTED 568,182 OPTION STRIKE PRICE R 3.52(GPI’s 30 day volume weighted average traded price at 11 August 2016) TOTAL RAND VALUE OF OPTIONS R 2,000,000.64 STRIKE DATES OF OPTIONS 9 September 2018; 9 September 2019; 9 September 2020; 9 September 2021* PERIOD OF EXERCISE Participants have a 180 day period from the respective strike dates during which options can be exercised DATE AWARD 9 September 2016 DATE OPTIONS ACCEPTED 21 September 2016 CLASS AND TYPE OF SECURITIES Options in respect of ordinary shares NATURE OF TRANSACTION Acceptance of options granted to subscribe for ordinary shares in terms of a share incentive scheme NATURE AND EXTENT OF INTEREST IN Direct beneficial THE TRANSACTION CLEARANCE OBTAINED Yes *The options will vest in 4 tranches of 25% each on the respective strike dates specified above. Clearance to accept these share option awards was obtained in accordance with rule 3.66 of the JSE Limited Listings Requirements. 22 September 2016 Cape Town Sponsor PSG Capital Proprietary Limited Date: 22/09/2016 03:00:00 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.