Exercise Of Options By Directors 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 DIRECTORS In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, the following information regarding the exercise of options is disclosed: NAME OF DIRECTOR Hassen Adams COMPANY OF WHICH A DIRECTOR Grand Parade Investments Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive NATURE OF TRANSACTION Acquisition of shares in GPI through the exercise of options awarded in terms of a share incentive scheme (Off-market transaction) DATE OPTIONS EXERCISED 27 October 2016 OPTION STRIKE PRICE R3.61 NUMBER OF OPTIONS EXERCISED 1 125 346 TOTAL RAND VALUE OF OPTIONS R4 062 499.06 STRIKE DATE OF OPTIONS 30 August 2016 PERIOD OF EXERCISE Participants have a 180 day period from the strike date during which options can be exercised NATURE AND EXTENT OF INTEREST IN THE TRANSACTION Direct, beneficial CLEARANCE OBTAINED Clearance obtained in terms of Section 3.66 of JSE Listings Requirements NAME OF DIRECTOR Alan Keet COMPANY OF WHICH A DIRECTOR Grand Parade Investments Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive NATURE OF TRANSACTION Acquisition of shares in GPI through the exercise of options awarded in terms of a share incentive scheme (Off-market transaction) DATE OPTIONS EXERCISED 27 October 2016 OPTION STRIKE PRICE R3.61 NUMBER OF OPTIONS EXERCISED 668 504 TOTAL RAND VALUE OF OPTIONS R2 413 299.44 STRIKE DATE OF OPTIONS 30 August 2016 PERIOD OF EXERCISE Participants have a 180 day period from the strike date during which options can be exercised NATURE AND EXTENT OF INTEREST IN THE TRANSACTION Direct, beneficial CLEARANCE OBTAINED Clearance obtained in terms of Section 3.66 of JSE Listings Requirements NAME OF DIRECTOR Dylan Pienaar COMPANY OF WHICH A DIRECTOR Grand Parade Investments Limited STATUS: EXECUTIVE/NON-EXECUTIVE Executive NATURE OF TRANSACTION Acquisition of shares in GPI through the exercise of options awarded in terms of a share incentive scheme (Off-market transaction) DATE OPTIONS EXERCISED 27 October 2016 OPTION STRIKE PRICE R3.61 NUMBER OF OPTIONS EXERCISED 205 678 TOTAL RAND VALUE OF OPTIONS R742 497.58 STRIKE DATE OF OPTIONS 30 August 2016 PERIOD OF EXERCISE Participants have a 180 day period from the strike date during which options can be exercised NATURE AND EXTENT OF INTEREST IN THE TRANSACTION Direct, beneficial CLEARANCE OBTAINED Clearance obtained in terms of Section 3.66 of JSE Listings Requirements 28 October 2016 Cape Town Sponsor: PSG Capital Date: 28/10/2016 04:40:00 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.