Appointment Of Financial Director And Appointment Of Audit And Risk Committee Chairman 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”) APPOINTMENT OF FINANCIAL DIRECTOR AND APPOINTMENT OF AUDIT AND RISK COMMITTEE CHAIRMAN In compliance with paragraph 3.59(a) and 3.59 (c) of the Listings Requirements of the JSE Limited, notification is hereby given of the following changes to the board of GPI and various committees. Mr. Colin Priem has been appointed as the new financial director of GPI. Colin has a Bachelor’s degree in Commerce, with Honours in Business Administration, and a Masters of Commerce degree in Management. Colin currently serves as a non-executive director on the board of GPI (“Board”), chairman of the Audit and Risk Committee and as a member of the Remuneration and Nomination Committee and the Investment Committee. Mr. Priem has comprehensive experience in financial, investment and strategic management gained as an academic and through active involvement in business, with more than twenty years’ experience in the landscape design, construction and services industries. With the change from a non-executive director to executive financial director, Colin will step down as the chairman and member of the Audit and Risk Committee, as a member of the Remuneration and Nomination Committee and as a member of the Investment Committee. Professor Walter Geach who currently serves as a member on the Audit and Risk Committee, will assume the role of chairman of the Audit and Risk Committee. Mr. Hargey, a current non-executive Director has been appointed to the Audit and Risk Committee, Remuneration and Nomination Committee and Investment Committee. The Board of directors extends congratulations to Mr. Colin Priem on his appointment and looks forward to his invaluable contribution to GPI. The above appointments and committee changes all take effect on 1 July 2018. Cape Town 12 June 2018 Sponsor PSG Capital Date: 12/06/2018 12:55:00 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.