Shareholders are referred to the Grand Parade Investments Limited (JSE:GPL)'s cautionary announcement dated 21 September 2022, advising shareholders that the Company had entered into a process which, if successfully concluded, may have a material effect on the price of the Company's securities. The process relates to the potential sale of GPI and/or its underlying assets. This is in keeping with GPI's stated strategy of unlocking shareholder value and returning capital to GPI shareholders.

The process is still on going. The Company is continuing discussions with potential bidders and will notify shareholders of developments in due course.