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 in respect of the six months ended 31 December 2017: • basic earnings per share will be between 2.21 and 3.63 cents per share, which equates to a decrease of between 49% and 69% when compared to basic earnings of 7.07 cents per share for the previous period ended 31 December 2016; and • headline earnings per share will be between 3.12 and 3.28 cents per share, which equates to an increase of between 271% and 291% when compared to headline earnings of 0.84 cents per share for the previous period ended 31 December 2016. 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 31 December 2017 will be published on or about 15 March 2018. Cape Town 12 March 2018 Sponsor and corporate advisor: PSG Capital Date: 12/03/2018 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.