Following the successful implementation of the Acquisition, Mac Brothers will be a wholly-owned subsidiary of GPI.

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1 GRAND PARADE INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration Number 1997/003548/06) Share code: GPL ISIN: ZAE ( GPI or the Company ) SMALL RELATED PARTY TRANSACTION: ACQUISITION BY GPI OF A FURTHER 35.00% OF THE ISSUED ORDINARY SHARE CAPITAL OF MAC BROTHERS CATERING EQUIPMENT (PROPRIETARY) LIMITED ( MAC BROTHERS ) 1. THE ACQUISITION Shareholders are hereby advised that GPI has entered into a sale of shares agreement dated 20 October 2014( the Agreement ) with, inter alia, Ranmac Management and Holdings (Proprietary) Limited ( Ranmac ), Nadesons Investments (Proprietary) Limited ( Nadesons Investments ) and Razia Khan (collectively referred to as the Sellers ), in terms of which the Sellers have agreed to sell 35.00% of the total issued ordinary share capital of Mac Brothers ( the Sale Shares ) to the Company ( the Acquisition ). Following the successful implementation of the Acquisition, Mac Brothers will be a wholly-owned subsidiary of GPI. 2. DETAILS OF THE BUSINESS OF MAC BROTHERS Mac Brothers was established in 2002 and is today, one of the largest catering equipment manufacturers in South Africa and one of the leading suppliers of catering equipment and related services to the food service industry in Africa. Mac Brothers manufactures and supplies its own extensive range of stainless steel catering and refrigeration equipment and has well established agency agreements in place to import, supply and service some of the top international brands of food service equipment. In some cases, certain international brands are manufactured under licence in the Mac Brothers factory taking advantage of an abundance of local stainless steel and well trained local artisans and engineers. Mac Brothers has a wellestablished and varied client base supplying from the local corner coffee shop, bakery or restaurant through to franchise groups, hotel groups, golf and wine estates, staff canteen feeding organisations, prisons, hospitals, mines as well as a large number of South Africa's finest and world renowned restaurants. Mac Brothers is also a

2 patron sponsor of the South African Chefs Association and is part of their program to inspire, train and promote upand-coming chefs to the industry. The fabrication factory and head office is located in Cape Town, with branches in Johannesburg, Durban and Harare. Mac Brothers also has an extensive dealer network throughout Africa including Namibia, Mozambique, Tanzania, Kenya, Zambia, Botswana, Congo, Nigeria, Ghana, Uganda, Angola, Seychelles and Mauritius. 3. RATIONALE FOR THE ACQUISITION Mac Brothers is an established and professional business that has proved its operational capabilities over a number of years, some of which have been during difficult financial periods that have seen a number of industry players closing down. The technical capabilities of Mac Brothers ensure that it is uniquely placed to gain market share in a large and growing industry both locally and throughout the African continent. Mac Brothers has been approved by BURGER KING Corporation to manufacture and supply certain kitchen equipment for BURGER KING Restaurants through-out Africa. The kitchen equipment required in a BURGER KING Restaurant represents, on average, one third of a BURGER KING Restaurants set-up cost, therefore the Acquisition will allow GPI to reduce the BURGER KING set-up costs. As a result of the approval received from BURGER KING Corporation, Mac Brothers is able to supply kitchen and catering equipment to any BURGER KING Restaurant in Africa and GPI, through its relationship with BURGER KING Corporation will seek further opportunities to supply and export equipment to other BURGER KING franchises around the world. Roughly 18% of Mac Brothers sales are made outside of South Africa and accordingly, the Acquisition will give GPI exposure to African markets, which are expected to grow at a higher rate than South Africa and the rest of the developed world. This exposure will assist GPI in expanding the Burger King franchise into Africa. In addition, GPI has embarked on becoming the first local manufacturer of slot machines and other gaming equipment. As a large percentage of the component parts of a slot machine consist of stainless steel, GPI intends to utilise Mac Brothers expertise and resources for this purpose and thereby reduce the overall manufacturing costs of slot machines.

3 4. SMALL RELATED PARTY TRANSACTION 4.1 Due to one of the Sellers, namely Nadesons Investments, being an associate of Mr Hassen Adams and Mr Alan Keet, both directors of GPI, the Acquisition is deemed to be a related party transaction in terms of section 10 of the Listings Requirements of the JSE Limited ( JSE ). 4.2 However, as the Acquisition amounts to less than 5% of the market capitalisation of GPI as at 20 October 2014 the Acquisition is classified as a small related party transaction in terms of section 10.7 of the JSE Listings Requirements and written confirmation is required from an independent expert confirming the fairness of the terms of the Acquisition in relation to GPI shareholders. 4.3 Accordingly, GPI has appointed Mazars Corporate Finance (Proprietary) Limited ( Mazars ) as the independent expert to provide written confirmation of the fairness of the Acquisition to GPI shareholders and to the JSE. Shareholders will be advised in due course regarding Mazars independent expert opinion, once same is finalised. 4.4 This announcement is made for information purposes only and no action is required by GPI shareholders with regard to the Acquisition, subject to the approval of the independent expert opinion by the JSE and the opinion confirming that the Acquisition is fair to GPI shareholders. 5. PURCHASE CONSIDERATION The total consideration payable by the Company to the Sellers for the purchase of the Sale Shares is the aggregate of R to be paid to the Sellers through a combination of cash and the issue of new GPI Shares, which will be issued at the volume-weighted average price ( VWAP ) per GPI share for the 30 (thirty) day trading period immediately preceding the signature date of the Agreement ( GPI Shares ), as set out below: i) Ranmac an amount of R payable in GPI Shares; ii) Nadesons Investments an amount of R payable in cash; and iii) Razia Khan an amount of R payable in cash.

4 6. CONDITIONS PRECEDENT The Acquisition is subject to the fulfillment of the following outstanding conditions precedent: 6.1. that on or before 31 October 2014, the parties comply, to the extent necessary by law, with the JSE Listings Requirements (including in relation to the issue of GPI Shares to Ranmac on the closing date); and 6.2. that on or before 31 October 2014, excess cash will be declared as a dividend by Mac Brothers to the current shareholders of Mac Brothers ( the Dividend ). 7. OTHER SIGNIFICANT TERMS OF THE AGREEMENT The Agreement provides for warranties and indemnities that are normal for a transaction of this nature. 8. MAC BROTHERS FINANCIAL INFORMATION The total value of the net assets of Mac Brothers, which are the subject of the Acquisition, were R as at 30 June The profits attributable to the net assets of Mac Brothers that are the subject of the Acquisition were R for the year ended 28 February However subsequent to its year end Mac Brother changed its financial year end to 30 June 2014 and the losses for the four month period ending 30 June 2014 were R EFFECTIVE DATE OF THE ACQUISITION In terms of the Agreement, the effective date of the Acquisition will be the 3rd (third) business day following the date on which all the conditions precedent set out in paragraph 6 above have either been fulfilled or waived, which is expected to be before 31 October 2014 and/or, should the condition precedent referred to in paragraph 6.2 above be waived, the date on which the Dividend is declared or paid, whichever is the later. Cape Town 20 October 2014 Sponsor and corporate advisor: PSG Capital

5 Lead corporate advisor: Leaf Capital Legal advisor: Bernadt Vukic Potash & Getz Independent expert: Mazars Corporate Finance (Proprietary) Limited