GRINDROD SHIPPING HOLDINGS LIMITED - Dealing Disclosure

Dealing Disclosure

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.
DEALING DISCLOSURE

Singapore, October 19, 2022: — 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, today made the following announcement.

1.       Introduction

         The Board of Directors (“Board”) of Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (the
         “Company”) refers to the Joint Announcement by the Company, Taylor Maritime Investments Limited
         (LSE: TMI.L) (“TMI”) and Good Falkrik (MI) Limited (the “Offeror”) on 12 October 2022 in relation to
         the voluntary conditional cash offer by the Offeror to acquire all the issued ordinary shares in the capital of
         the Company (“Shares”) other than Shares held by the Offeror and Shares in treasury.

2.       Dealings by an Associate

         Pursuant to Rule 12.1 of the Singapore Code on Take-overs and Mergers and based on information received
         by the Company on 18 October 2022 from PSG Asset Management Pty Ltd (“PSG”), an associate of the
         Company, the Company wishes to announce the following dealing in shares by PSG between 10 to 13
         October 2022 (the “Dealing”):


            Date of          Nature of          Number of               Dealing Price                 Consideration
            Dealing           Dealing            Shares                    (ZAR)                     Received (ZAR)
            10 to 13           Sale              845,401            453.3107 average price           383,229,319.01
          October 2022                                                    per Share

         Based on the above information received by the Company, after the Dealing reported above, PSG holds
         928,542 Shares representing approximately 4.89 per cent. of the total Shares in issue1.

3.       Responsibility Statement

         The directors of the Company (including those who may have delegated detailed supervision of this
         announcement) have taken all reasonable care to ensure that the facts stated and all opinions expressed herein
         are fair and accurate and that no material facts have been omitted from this announcement, the omission of
         which would make any statement in this announcement misleading, and they jointly and severally accept
         responsibility accordingly.

         Where any information has been extracted or reproduced from published or otherwise publicly available
         sources or obtained from PSG or the Offeror, the sole responsibility of the Directors has been to ensure,

1The percentage shareholding is computed based on a total of 18,996,673 Shares (excluding treasury Shares) as at 19 October
2022 and rounded to the nearest two decimal places.

through reasonable enquiries, that such information is accurately extracted from such sources or, as the case
may be, accurately reflected or reproduced herein.


By Order of the Board
19 October 2022
Sponsor: Grindrod Bank Limited

Date: 19-10-2022 08:30:00
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