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 AND COMMITTEES OF THE BOARD



In accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited (the "JSE Listings
Requirements", the board of directors of the Company (the "Board”) wishes to advise that Mr
Alexander Abercrombie ("Alex") has resigned as a non-executive director and the chairperson of the
Board with effect from 7 April 2023.

As a consequence of his resignation, Alex has also resigned as member of the remuneration and
nomination committee and as member and chairman of the social and ethics committee.

Alex has a long and illustrious history with the Company, having initially been appointed as an
executive director in 1997 and as a non-executive director in 2015 . Alex was appointed as chairman
of the Board in 2020 and has lead the Group through its value unlock program that has created
significant value for all GPI shareholders.

The Board would like to thank Alex for his invaluable contribution to the business of GPI over the
decades since his initial appointment, and in particular his leadership over the last 4 years. The
Board wishes Alex well in his future endeavours.

Having regard to Alex's resignation as well as the recent resignations of Mr Mark Bowman and
Ms Ronel Van Dijk, as announced on SENS on 29 March 2023, in compliance with the Companies Act
(No. 71 of 2008), the JSE Listings Requirements, the Memorandum of Incorporation of the Company
and the various charters of the Board and its committees (each a "Committee"), the Board has
resolved to reconstitute the committees, including the audit and risk committee, remuneration and
nomination committee and social and ethics committee (collectively the "Committee
Reconstitution").

In terms of the Committee Reconstitution, with effect from 11 April 2023, the Committees of the
Board shall be comprised as follows:

    Audit and Risk Committee

    • Prof. Walter Geach (Chairman; incumbent member);
    • Ms Kaamilah Finch (newly appointed member); and
    • Ms Rozanna Kader (newly appointed member).


    Remuneration and Nomination Committee

    • Ms Kaamilah Finch (Chairperson; newly appointed member);
    • Ms Rozanna Kader (incumbent member); and
    • Prof. Walter Geach (newly appointed member).
    Social and Ethics Committee

    • Mr Mohsin Tajbhai (Chairman; incumbent member);
    • Ms Rozanna Kader (incumbent member); and
    • Mr Gregory Bortz (newly appointed member).


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

11 April 2023


Sponsor

PSG Capital