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Release Date: 22/08/2016 08:30:00      Code(s): RLF     
(Incorporated in the Republic of South Africa)
(Registration number 2000/002715/06)
Share Code: RLF & ISIN: ZAE000159836
("the Company")


In compliance with section 3.4(b) of the JSE Listings Requirements,
the following trading statement is provided to the market regarding
the anticipated headline earnings per share ("HEPS") and earnings per
share ("EPS") for the year ended 30 June 2016.

Shareholders are referred to the ?Operational Update and Trading
Statement? published on SENS on 30 May 2016 wherein the Company advised
that it expected both EPS and HEPS for the year ending 30 June 2016
to be in excess of 25% higher than the year ended 30 June 2015. The
table below illustrates in further detail the expected EPS and HEPS
ranges anticipated against the comparative period:

                    Year ended          Year ended         %
                    30 June 2016        30 June 2015
                    50.4 ? 54.0 cents   36.5 cents         38%-48%
                    51.6 ? 55.4 cents   38.2 cents         35%-45%
                    54.2 ? 58.1 cents   38.2 cents         42%-52%
Earnings per
Share ("NHEPS")


NHEPS comprises Headline Earnings per share adjusted for specific once
off costs.

Key performance drivers include the strong performance in the Food,
Industrial and Agricultural divisions.
The information in this trading statement has not been reviewed or
reported on by the Company?s auditors. The Company expects to publish
its audited financial results for the year ended 30 June 2016 on SENS
by close of business on 19 September 2016.

22 August 2016

Sponsor: Grindrod Bank Limited

Date: 22/08/2016 08:30:00 Supplied by www.sharenet.co.za                     
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