GND & GNDP - Grindrod Limited - Trading Statement

GND & GNDP - Grindrod Limited - Trading Statement                               
Grindrod Limited                                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1966/009846/06)                                            
Share code: GND & GNDP                                                          
ISIN: ZAE000072328 & ZAE000071106                                               
("Grindrod" or "the Company")                                                   
TRADING STATEMENT                                                               
In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE     
Limited, a company is required to publish a trading statement as soon as it     
becomes aware, with a reasonable degree of certainty, that the financial results
for the next period to be reported on are likely to vary by at least 20% from   
the previous corresponding period.                                              
Shareholders are advised that Grindrod expects its earnings per share and       
headline earnings per share for the six month period ending 30 June 2011 to     
decrease by between 35% and 45% compared to the corresponding period of the     
previous year. This is as a result of weak shipping earnings and the stronger   
Rand/USD exchange rate. The performances of the other operating divisions are   
expected to be similar to the first half of 2010.                               
Earnings and headline earnings per share for the six month period to 30 June    
2010 were 95,8 cents and 95,4 cents respectively.                               
Grindrod expects its earnings to improve in the second half of 2011 compared to 
the first half.                                                                 
The information contained in this trading statement has not been reviewed or    
reported on by the company`s external auditors. Grindrod will release its       
interim results to 30 June 2011 on or about 18 August 2011.                     
By order of the board                                                           
31 May 2011                                                                     
Sponsor                                                                         
Grindrod Bank Limited                                                           
Date: 31/05/2011 17:15:04 Supplied by www.sharenet.co.za                     
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