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Changes to the board
GRINDROD BANK LIMITED
(Registration no 1994/007994/06)
Incorporated in the Republic of South Africa
JSE alpha code: GNDI
(“Grindrod Bank”)
CHANGES TO THE BOARD
In terms of paragraph 6.39 of the JSE Limited Debt Listings Requirements, noteholders are advised
that, further to the announcement on 31 October 2022 of the appointment of directors to the board
of directors of Grindrod Bank (the “Board”) with effect from 27 October 2022, the following additional
appointments to the Board were made with effect from 4 November 2022 as approved by the
Prudential Authority:
1. Mr P Temple – independent non-executive director; and
2. Ms L Dlamini – independent non-executive director.
The above Board appointments were made following the disposal by Grindrod Limited of 100% of the
issued ordinary share capital of Grindrod Financial Holdings Limited and 100% of the preference shares
issued by Grindrod Bank to African Bank Limited (the “Disposal”), which Disposal has become
unconditional and the effective date of which was 1 November 2022. The appointments are in line
with Grindrod Bank’s nomination and appointment of directors policy.
The Board welcomes the new appointments and looks forward to working with the newly appointed
directors.
7 November 2022
Debt Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 07-11-2022 05:14:00
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