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GRAND PARADE INVESTMENTS LIMITED - Update In Relation To The Disposal Of Interest In Burger King

Release Date: 05/10/2021 17:00
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Update In Relation To The Disposal Of Interest In Burger King

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”)

UPDATE IN RELATION TO THE DISPOSAL OF INTEREST IN BURGER KING - ONE WEEK EXTENSION OF DATE FOR FULFILMENT OF FINAL CONDITIONS PRECEDENT

Shareholders are referred to the Company’s various announcements regarding the proposed
transaction in which the Company’s wholly-owned subsidiaries, Grand Foods Investments 1
Proprietary Limited and Grand Foods Proprietary Limited, will sell all of the shares they hold
in Burger King South Africa (RF) Proprietary Limited and Grand Foods Meat Plant Proprietary
Limited, respectively, to an affiliate of ECP Africa Fund IV LLC and ECP Africa Fund IV A LLC
and to the announcements of 21 September 2021 whereby shareholders were advised of,
inter alia, the extension of the dates for fulfilment or waiver of the outstanding conditions
precedent.

Shareholders are hereby advised that the date for fulfilment or waiver of the conditions, as set
out in paragraphs 2.5.1, 2.5.2 and 2.5.3 of the circular issued on 12 March 2021
(“Conditions Precedent”), has been extended to 11 October 2021 in order to fulfil or waive
the remaining Conditions Precedent.

Cape Town
5 October 2021

Sponsor
PSG Capital

Date: 05-10-2021 05:00:00
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