GRAND PARADE INVESTMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/003548/06)
Share code: GPL
ISIN: ZAE000119814
(“GPI”, “the Group” or “the Company”)



SHORT FORM ANNOUNCEMENT: FINANCIAL RESULTS                                 AND     DIVIDEND
DECLARATION FOR THE YEAR ENDED 30 JUNE 2022



1.   SALIENT FEATURES

     Grand Parade Investments (GPI) performed well over the financial year with headline loss
     for the year improving by R13.3 million (49%) from a loss of R27.0 million to a loss of
     R13.7 million.

     The headline loss in the current year includes an impairment against the intercompany
     loan with Mac Brothers (expected credit loss) and a write-off of receivables, which was
     realised when control of the subsidiary was lost, as a result of the liquidation of the
     company. The total adjustments amount to R61.7 million and if this amount is excluded
     from the headline loss, it would result in an adjusted headline earnings of R47.9 million,
     a R74.9 million improvement from a R27.0 million loss posted in the prior year.

     Revenue from continuing operations increased by R16.5 million to R17.5 million fromR1.0
     million in the prior corresponding period.

     Headline loss per share decreased by 49% to 3.20 cents per share, from 6.29 cents per
     share in the prior corresponding period.

     Excluding the impairment of the Mac Brothers loans and write-off of receivables, the
     adjusted headline earnings per share increased by 17.43 cents to 11.14 cents per share,
     from a headline loss of 6.29 cents per share in the prior corresponding period.

     Basic Loss per share decreased by 60% to 2.73 cents per share, from 6.75 cents per
     share in the prior corresponding period.

     An ordinary final dividend of 12 cents per share was declared for the year, with no final
     ordinary dividend having been declared in respect of the previous 2021 financial year.
     During the current 2022 financial year the Group also declared and paid a special dividend
     of 88c per share and unbundled its interest in Spur Corporation through a dividend-in-
     specie which amounted to 37c per share.

2.   DIVIDEND DECLARATION

     The directors resolved to declare a final gross dividend of 12 cents (2021: 0 cents) per
     share from income reserves in respect of the year ended 30 June 2022. The dividend
     amount, net of South African dividend tax of 20%, is 9.6 cents (2021: 0 cents) per share
     for those shareholders who are not exempt from dividend tax or are not entitled to a
     reduced rate in terms of the applicable double-tax agreement. The number of ordinary
     shares in issue at the declaration date is 470 072 020 and the income tax number of the
     Company is 9037/0380/24.

     The salient dates of the dividend declaration are:

     Declaration date                                     Friday, 30 September 2022
     Last day to trade cum dividend                       Tuesday, 29 November 2022
     Trading ex-dividend commences                        Wednesday, 30 November 2022
     Record date                                          Friday, 2 December 2022
     Date of payment                                      Monday, 5 December 2022

     Share certificates may not be dematerialised or rematerialised between Wednesday, 30
     November 2022 and Friday, 2 December 2022, both days inclusive.

3.   SHORT-FORM ANNOUNCEMENT

     This short-form announcement is the responsibility of the directors of the Company. It
     contains only a summary of the information in the full announcement (“Full
     Announcement”) and does not contain full or complete details. The Full Announcement
     can be found at:
      https://senspdf.jse.co.za/documents/2022/JSE/ISSE/GPLE/FY22.pdf

     A copy of the Full Announcement is also available for viewing on the Company’s website
     at                             https://thevault.exchange/?get_group_doc=13/1664523449-
     GPISUMMARYAFSFINAL.pdf or may be requested in person, at the Company’s
     registered office or the office of the sponsor, at no charge, during office hours.

     Any investment decisions by investors and/or shareholders should be based on
     consideration of the Full Announcement, as a whole.

     The Company has based this short form on the financial results for the year ended 30
     June 2022, which have been reviewed by the Company’s auditors, Deloitte and Touche,
     who expressed an unmodified review conclusion thereon.


30 September 2022

Sponsor
PSG Capital