GRINDROD BANK LIMITED - GBL03 Tap Issue

GBL03 Tap Issue

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


JSE Code:         GBL03
ISIN No:          ZAG000148263


GBL03 Tap Issue

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

Authorised Programme size        R 1,000,000,000.00
Total Notes Outstanding           R   461,000,000.00
after this issuance


Tap Amount                       R 20,000,000.00
Total Amount Following Tap Issue R 225,000,000.00


Bond Code                        GBL03
Nominal Issued                   R 20,000,000.00
Issue Price                      103.144372%
Coupon                           10.008% (3 Month JIBAR as at 16 August
                                 2018 of 7.008% plus 300 bps)
Coupon Rate Indicator            Floating
Trade Type                       Price
Final Maturity Date              16 November 2020
Books Close Date(s)              6 February, 6 May, 6 August, 6 November
Interest Payment Date(s)         16 February, 16 May, 16 August, 16
                                 November
Last Day to Register             5 February, 5 May, 5 August, 5 November
Issue Date                       15 October 2018
Date Convention                  Modified Following
Interest Commencement Date       16 August 2018
First Interest Date              16 February 2018
ISIN No.                         ZAG000148263
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 18th October 2018

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




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