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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”) CHANGES TO THE BOARD OF DIRECTORS In accordance with paragraph 3.59(b) of the JSE Limited Listings Requirements, the board of directors of the Company (“the Board”) wishes to advise that Mr Mark Bowman (“Mark”) and Ms. Ronel Van Dijk (“Ronel”) have resigned as non-executive directors of the Board. Mark will resign as member of the audit and risk, investment and the remuneration and nomination committees. Ronel will resign as a member of the audit and risk committee. Both resignations will be effective from 6April 2023. Mark and Ronel were both appointed to the Board in December 2018 and have been invaluable members of the Board and major contributors to the successful value unlock program at GPI which has culminated in the mandatory offer by GMB to GPI shareholders. The mandatory offer is unconditional and will be implemented on 6 April 2023. The Board would like to thank Mark and Ronel for their contribution to the business and wishes them well in all their future endeavours. The Board has commenced a process of identifying a suitable replacement/s to fill vacancies on the relevant committees of the Board arising from the resignations. Shareholders will be advised in due course of the filling of such vacancies. The Board accepts responsibility for the information contained in this announcement. To the best of their collective knowledge and belief, the information contained in this announcement is true and the announcement does not omit anything likely to affect the importance of the information contained herein. Cape Town 29 March 2023 Sponsor PSG Capital
