Exercise Of Options By A Director Of A Major Subsidiary In Terms Of The Grand Parade Share Incentive Trust 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 A DIRECTOR OF A MAJOR SUBSIDIARY IN TERMS OF THE GRAND PARADE SHARE INCENTIVE TRUST In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the exercise of options is disclosed: NAME OF DIRECTOR Hassen Adams COMPANY OF WHICH A DIRECTOR Burger King (South Africa) RF Proprietary Limited (a major subsidiary of the Company) TYPE AND CLASS OF SECURITIES Options to acquire ordinary shares 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 26 March 2020 OPTION STRIKE PRICE 186 cents NUMBER OF OPTIONS EXERCISED 3 262 548 TOTAL RAND VALUE OF OPTIONS R6 068 339.28 STRIKE DATE OF OPTIONS 26 March 2020 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 Direct, beneficial THE TRANSACTION Cape Town 1 April 2020 Sponsor PSG Capital Date: 01-04-2020 02:00:00 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.