Grand Parade Investments Limited announced 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 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. 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).