GRINDROD BANK LIMITED - New Financial Instrument Listing Announcement: GBL05

New Financial Instrument Listing Announcement: GBL05

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

JSE Code:        GBL05
ISIN No:         ZAG000163973

New Financial Instrument Listing Announcement: GBL05

The JSE Limited has granted a listing to Grindrod Bank Limited –
(“GBL05”) under its DMTN programme dated 8 August 2019 as follows:

Authorised Programme size   R 1,000,000,000.00
Total amount in issue       R 753,000,000.00
after this issuance

INSTRUMENT TYPE:            FLOATING RATE NOTE

Bond Code                   GBL05
Nominal Issued              R 250,000,000.00
Issue Price                 100%
Coupon                      3 Month JIBAR as at 04 Nov 2019 plus
                            225 bps
Coupon Rate Indicator       Floating
Trade Type                  Price
Final Maturity Date         7 November 2022
Books Close Dates           28 January, 27 April, 28 July, 28
                            October
Interest Payment Date(s)    7 February, 7 May, 7 August, 7
                            November
Last Day to Register        By 17:00 on 27 January, 26 April, 27
                            July, 27 October
Issue Date                  7 November 2019
Date Convention             Modified Following
Interest Commencement Date  7 November 2019
First Interest Payment Date 7 February 2020
ISIN No:                    ZAG000163973
Additional Information      Senior Unsecured Floating Rate Notes
Additional Terms and        None
conditions

Applicable Pricing Supplement:
https://www.jse.co.za/content/JSEPricingSupplementsItems/2014/Bond
Documents/GBL05%20Pricing%20Supplement%2007112019%20.pdf

The note relating to the new financial instrument (“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 6th November 2019

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

Date: 06/11/2019 08:38:00
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