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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”) RESIGNATION OF CHIEF EXECUTIVE OFFICER In accordance with paragraph 3.59(b) of the JSE Limited Listing Requirements, the board of directors of the Company (“the Board”) wishes to advise that Mr Mohsin Tajbhai (“Mohsin”) has resigned as Chief Executive Officer (“CEO”) of GPI with effect from 4 May 2023. Mohsin was appointed as CEO in 2019. He has been instrumental in leading the turnaround of GPI through the implementation of GPI’s value unlock strategy which has culminated in the mandatory offer by GMB. The mandatory offer is the last step in the value unlock strategy which has resulted in a significant value unlock for all shareholders. Mohsin has achieved his objectives as CEO and has decided to embark on new challenges. Mohsin will continue to serve on the Board as a non- executive director to ensure a seamless transition. The Board thanks Mohsin for his contribution to the GPI group and wishes him well in his future endeavours. The Board has commenced a process of identifying a suitable replacement to fill the vacancy arising from Mohsin’s resignation. Shareholders will be advised in due course of the filling of such vacancy. The Board accepts responsibility for the information contained in this announcement. To the best of the Board’s 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 5 April 2023 Sponsor PSG Capital
