GRINDROD BANK LIMITED - Tap issue GBL04

Tap issue GBL04

Grindrod Bank Limited
(Incorporated in the Republic of South Africa with limited liability
under registration number 1994/007994/06)


JSE Code:         GBL04
ISIN No:          ZAG000151705


GBL04 Tap Issue

The JSE has granted a listing to Grindrod Bank Limited, with effect from
4 October 2018.

Authorised Programme size        R 1,000,000,000.00
Total Notes Outstanding           R   601,000,000.00
after this issuance


Tap Amount                       R 50,000,000.00
Total Amount Following Tap Issue R 236,000,000.00


Bond Code                        GBL04
Nominal Issued                   R 50,000,000.00
Issue Price                      100.89935%
Coupon                           10.0080%   (3   Month  JIBAR  as   at   5
                                 September 2018 of 7.008% plus 300 bps)
Coupon Rate Indicator            Floating
Trade Type                       Price
Final Maturity Date              5 June 2021
Books Close                      23 February, 26 May, 26 August, 25
                                 November
Interest Date(s)                 5 March, 5 June, 5 September, 5 December
Last Day to Register             22 February, 25 May, 25 August, 24
                                 November
Issue Date                       4 October 2018
Date Convention                  Modified Following
Interest Commencement Date       5 September 2018
First Interest Date              5 September 2018
ISIN No.                         ZAG000151705
Additional Information           Senior Unsecured Floating Rate Notes
Additional Terms and             N/A
Conditions
The note will be dematerialised in the Central Securities
Depository (“CSD”) and settlement will take place electronically
in terms of JSE Rules. Further information on the Note issue
please contact:


Allister Lamont-        Nedbank CIB         +27 11 294 4833
Smith


Date 4th October 2018

Sponsor: Nedbank Corporate and Investment Bank, a division of
Nedbank Limited




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