Update in Relation to the Disposal of Interest in Burger King – Fulfilment of the Remaining Outstanding Conditions 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 – FULFILMENT OF THE REMAINING OUTSTANDING CONDITIONS PRECEDENT AND IMPLEMENTATION 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 (“Disposal”) and in particular to the announcement of 12 October 2021 whereby shareholders were advised that all conditions to the Disposal capable of being fulfilled or waived prior to the closing date of the Disposal have been fulfilled or waived as the case may be and that the remaining outstanding conditions are required to be fulfilled or waived on the closing date. Shareholders are hereby advised that the remaining outstanding conditions have been fulfilled or waived (as the case may be), today, 3 November 2021. Accordingly, the Disposal has become unconditional and will be implemented in accordance with its terms. Cape Town 3 November 2021 Sponsor PSG Capital Legal Advisors Cliffe Dekker Hofmeyr Date: 03-11-2021 04:45:00 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.