GRAND PARADE INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1997/003548/06) JSE share code: GPL ISIN: ZAE000119814 ("GPL" or the "Company") and GMB LIQUIDITY CORPORATION PROPRIETARY LIMITED (Incorporated in the Republic of South Africa) (Registration number 2022/587629/07) ("GMB" or the "Offeror") FINALISATION ANNOUNCEMENT IN RESPECT OF THE MANDATORY OFFER 1. INTRODUCTION 1.1 GPL Shareholders are referred to the Firm Intention Announcement released on SENS on Wednesday, 9 November 2022, by the Offeror and GPL setting out the terms of the Offeror's firm intention to propose the Mandatory Offer to GPL Shareholders and to the circular detailing the Mandatory Offer (“Circular”) which was distributed to GPL Shareholders on Thursday, 15 December 2022. 1.2 All capitalised terms used but not defined in this announcement shall bear the meanings ascribed to them in the Circular. 2. FULFILMENT OF THE MANDATORY OFFER CONDITIONS 2.1 Shareholders are hereby advised that all the Mandatory Offer Conditions Precedent to the Mandatory Offer have now been fulfilled, and the Mandatory Offer is therefore unconditional. 2.2 Accordingly, the salient dates for the Mandatory Offer, as set out in the Circular to Shareholders have been amended. The relevant dates are set out below: Finalisation Date Thursday, 23 March Last day to trade to take up the Offer Monday, 3 April Shares trade "ex" the Offer Tuesday, 4 April Record date to determine which shareholders may accept Thursday, 6 April the Offer Closing Date of the Offer, at 12:00 on Thursday, 6 April Results of Offer to be announced on SENS Tuesday, 11 April Offer Consideration Settlement Date Tuesday, 11 April Notes: 1. The abovementioned dates and times are South African dates and times. All references to days are to Business Days. 2. Offerees should note that acceptance of the offer will be irrevocable. 3. The Offer Consideration will be settled by the Transfer Secretaries on the later date of either six Business Days after the Finalisation Date or every Monday on the applicable Offer Consideration Settlement Date which shall be within six Business Days of acceptance. If the Offer Consideration Settlement Date is a public holiday, then settlement of the Offer Consideration will be made on the first Business Day following the public holiday. The final settlement of the Offer Consideration, will be made by no later than close of business on 11 April 2023. 4. Share certificates may not be dematerialised or rematerialized from 4 April 2023 to 6 April 2023, both dates inclusive. 3. INDEPENDENT BOARD RESPONSIBILITY STATEMENT The Independent Board accepts responsibility for the information contained in this announcement insofar as it relates to GPL and the Mandatory Offer. To the best of their collective knowledge and belief, the information contained in this announcement is true and this announcement does not omit anything likely to affect the importance of the information. 4. OFFEROR RESPONSIBILITY STATEMENT The Offeror accepts responsibility for the information contained in this announcement insofar as it relates to detail around the Offeror and the Mandatory Offer. To the best of its knowledge and belief, the information contained in this announcement is true and this announcement does not omit anything likely to affect the importance of the information. Cape Town 23 March 2023 FINANCIAL ADVISER TO GPL Rand Merchant Bank, a division of FirstRand Bank Limited SPONSOR TO GPL PSG Capital Proprietary Limited LEGAL ADVISER TO GPL Clyde & Co LLP LEGAL ADVISER TO GMB Solaris Law Proprietary Limited