Gold Brands Grants Chesanyama Master License 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 GRANTS CHESANYAMA MASTER LICENSE Introduction Shareholders are advised that GBI has entered into a development agreement with Mr. D. Nathanael (“the Master Franchisor”), a related party, in terms of which the Master Franchisor will have the exclusive right of development of Chesanyama in all countries outside Africa. The Master Franchisor will own exclusive rights to roll-out and franchise the Chesanyama concept and GBI will be the exclusive supplier to the Master Franchisor Background information on Chesanyama Chesanyama is a traditional South African braai concept, previously only seen in back gardens and township street corners, which was introduced into the mainstream market by GBI. Chesanyama offers customers the best flame- grilled mature A-grade meats, and serves them up with its delicious traditional pap and authentic relish, or tasty freshly cut chips. Established in 2012, the Chesanyama brand has become the fastest growing franchise in South Africa. The Chesanyama success has been built on the support provided by the head office making things simpler for their franchisees by means of a one-stop distribution centre, its own central kitchen and in-house professional butchers. The innovative Chesanyama business model had been carefully designed to offer customers authentic, sizzling, meaty meals, resulting in high volume sales, satisfied appetites and an excellent return on investment. Rationale GBI wishes to expand its restaurant network internationally whilst maintaining its standards and reputation domestically. It has therefore granted the abovementioned rights to the Master Franchisor for the roll-out of the brand internationally. The Master Franchisor will pay GBI a consideration of £500,000 for the master license and will be obliged to pay GBI New Restaurant opening fees of £15,000 per store and Royalty fees of 6% of net sales per company owned store and 50% of the fees mentioned above per sub-franchised store. The Master Franchisor is obliged to open a minimum of two stores in year 1, three stores in year 2 and five stores for each year thereafter. Categorisation The granting of a master franchise license is in the ordinary course of business and is not reportable in terms of the JSE Listings Requirements as it falls within the ambit of paragraph 9.1(d) of the JSE Listings Requirements which excludes such a grant from the definition of ‘transaction’ if such a grant is in the ordinary course of business. However, the Board of GBI considers it prudent to inform shareholders of this grant and thus has issued this voluntary announcement. Johannesburg 14 February 2018 Corporate and Designated Adviser River Group Date: 14/02/2018 02:52:00 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.