GND & GNDP - Grindrod Limited - Exercise of options by a director

GND & GNDP - Grindrod Limited - Exercise of options by a director               
GRINDROD LIMITED                                                                
(Registration number: 1966/0009846/06)                                          
Share code: GND & GNDP                                                          
ISIN: ZAE000072328 & ZAE000071106                                               
EXERCISE OF OPTIONS BY A DIRECTOR                                               
In accordance with the requirements of paragraph 3.63 to 3.74 of the            
JSE Limited Listings Requirements the following should be noted:                
Name of director              :  AF Stewart                                     
Name of company               :  Grindrod Limited                               
Class of securities           :  Grindrod Ordinary Shares                       
Nature of transactions        :  Exercise of Options                            
Nature of interests           :  Indirect beneficial                            
Clearance to deal             :  Yes                                            
Date of transaction           :  24 February 2011                               
Number of shares              :  150 000                                        
Price                         :  R2,39                                          
Total value of transaction    :  R358,500                                       
                                                                                
The above transaction took place off market.                                    
Clearance in terms of paragraph 3.66 of the Listings Requirements has           
been obtained.                                                                  
Durban                                                                          
25 February 2011                                                                
Sponsor: Grindrod Bank Limited                                                  
Date: 25/02/2011 16:13:00 Supplied by www.sharenet.co.za                     
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