Gold Brands acquires fifty percent of ED’S Diner (“ED’s”) GOLD BRANDS INVESTMENTS LIMITED Incorporated in the Republic of South Africa Registration Number: 2015/168426/06 Share code on the JSE: GBI ISIN: ZAE 000212791 ("Gold Brands" OR "GBI" or "the Company") GOLD BRANDS ACQUIRES FIFTY PERCENT OF ED'S DINER ("ED's") Introduction Shareholders are advised that Gold Brands has entered into an agreement with Mr. V Lazaridis in terms of which GBI will acquire in a joint venture company all the rights, trademarks and intellectual property in Ed's. The joint venture will own exclusive rights to roll-out and franchise the Ed's Diner concept throughout South Africa and GBI will be the exclusive supplier to the new franchise. Background information on Ed's Ed's is a classic American Diner concept where timeless retro-nostalgic d‚cor is mixed with modern consumer trends, serving Gourmet burgers, grills, salads and pizzas in a 70s-style space, with music, beers and cocktails. Established in 1989, and under the guidance of Lazaridis, the Ed's brand has become a landmark in Pretoria. Current venues are situated in the lush valley of Pretoria-East and the University of Pretoria's Groenkloof Campus. Ed's has always been associated with large portions of fine food, good service and memorable experiences. Nominated and winner of several categories in the hospitality industry, it is a fun, friendly & fast paced venue, perfect for family, friends and business meetings. Rationale GBI decided last year to enter the gourmet burger market and has been reviewing various concepts over the last 18 months, ED's fulfills all the requirements of the concept that the management of GBI had in mind and the brand is an established and successful brand that can be rolled out throughout South Africa in it's current form. Categorisation Due to the fact that the above transaction is less than 5% of the Company's market capitalisation, it is thus neither a category 1 nor a category 2 transaction as defined in terms of the JSE Listings Requirements. However, the Board of GBI considers it prudent to inform shareholders of this acquisition and thus has issued this voluntary announcement. Johannesburg 07 November 2017 Corporate and Designated Adviser River Group Date: 07/11/2017 09:00:00 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.