GRINDROD SHIPPING HOLDINGS LIMITED - Announces Completion of two Sale and Purchase Agreements

Announces Completion of two Sale and Purchase Agreements

GRINDROD SHIPPING HOLDINGS LTD.
ABBREVIATED NAME: GRINSHIP
Registered in Singapore with registration number 201731497H
JSE Share code: GSH
ISIN: SG9999019087
Primary listing on NASDAQ Global Select Market
Secondary listing on the JSE Main Board

Grindrod Shipping Holdings Ltd. Announces Completion Of Two Sale and Purchase Agreements

On 3 October 2023, Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or
"Company" or “we” or “us” or “our”), a global provider of maritime transportation services predominantly
in the drybulk sector, announced that the completion conditions included in the two sale and purchase
agreements dated 25 September 2023 in respect of the previously announced acquisition by Grindrod
Shipping Pte. Ltd., a wholly owned subsidiary of Grindrod Shipping, of the entire issued share capital of
Tamar Ship Management Limited and Taylor Maritime Management Limited (the “Acquisition”) had been
met. The Acquisition became legally effective on 3 October 2023.

About Grindrod Shipping

Grindrod Shipping predominantly owns and operates a diversified fleet of owned and long-term and short-
term chartered-in drybulk vessels. The drybulk business, which operates under the brand “Island View
Shipping” (“IVS”) includes a core fleet of handysize and supramax/ultramax drybulk carriers. The Company
is based in Singapore, with offices in London, Durban, Tokyo and Rotterdam. Grindrod Shipping is listed
on NASDAQ under the ticker “GRIN” and on the JSE under the ticker “GSH”.


Forward-Looking Statements

The statements in this press release that are not historical facts may be forward-looking statements. The
Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking
statements in order to encourage companies to provide prospective information about their business.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor
legislation. The forward-looking statements in this press release are based upon various assumptions,
including, without limitation, Grindrod Shipping management's examination of historical trends, data
contained in the Company's records and other data available from third parties. Although the Company
believes that these assumptions were reasonable when made, because these assumptions are inherently
subject to significant uncertainties and contingencies which are difficult or impossible to predict and are
beyond the Company's control, the Company cannot assure you that it will achieve or accomplish these
expectations, beliefs or projections. These forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those discussed in the forward-looking statements.
These risks and uncertainties include, among others, those discussed in Grindrod Shipping's public filings
with the SEC. Except as required by law, Grindrod Shipping undertakes no obligation to update publicly or
release any revisions to these forward-looking statements to reflect events or circumstances after the
date of this press release or to reflect the occurrence of unanticipated events.


Company Contact:                                     Investor Relations / Media Contact:
Deborah Davel
CFO
Grindrod Shipping Holdings Ltd.                      Grindrod Shipping Holdings Ltd.
1 Temasek Avenue, #10-02 Millenia Tower              1 Temasek Avenue, #10-02 Millenia Tower
Singapore, 039192                                    Singapore, 039192
Email: ir@grindrodshipping.com                       Email: ir@grindrodshipping.com
Website: www.grinshipping.com                        Website: www.grinshipping.com


By order of the Board
4 October 2023
Sponsor: Grindrod Bank Limited

Date: 04-10-2023 08:30:00
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