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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”) APPOINTMENT OF CHAIRMAN OF THE BOARD AND CHANGES TO THE COMMITTEES OF THE BOARD In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the board of directors of the Company (the "Board") is pleased to advise that Mr Gasant Orrie has been appointed as an independent non-executive director and chairman of the Board with effect from 25 April 2023. Gasant is an admitted attorney and a senior partner in global law firm Clyde & Co's corporate & advisory practice. Gasant has close to 30 years of corporate and commercial experience and has advised local and international clients on some of South Africa's largest transactions, including several public companies listed on the JSE and state-owned companies. Gasant has a long history with GPI, having advised GPI as external legal counsel for many years. The Board welcomes Gasant and looks forward to his contribution to the Company and welcomes him as chairman. Following Gasant's appointment as an independent non-executive director and chairman of the Board, 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 audit and risk committee and the investment committee such that the members of these Committees are as follows: Audit and Risk Committee • Prof. Walter Geach (existing member and Chair); • Ms Kaamilah Finch (existing member); and • Mr Gasant Orrie (new member). Investment Committee • Mr Gasant Orrie (new member and Chair); • Mr Gregory Bortz (new member); and • Ms Rozanna Kader (new member). 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 26 April 2023 Sponsor PSG Capital
