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GND/GNDP - Grindrod Limited - Results of General Meeting Grindrod Limited (Incorporated in the Republic of South Africa) (Registration number 1966/009846/06) Ordinary share code: GND ISIN ZAE000072328 Preference share code: GNDP ISIN ZAE000071106 ("Grindrod" or the "Company") The distribution of this announcement and/or the offer to subscribe for subscription shares in jurisdictions, other than South Africa, may be restricted or prohibited by the laws of such jurisdictions and must be deemed to be provided for information purposes only in those jurisdictions. The subscription shares have not been and will not be registered for the purposes of the Remgro offer under the securities laws of any country outside South Africa and accordingly, are not being offered, sold, taken up, re-sold or delivered directly or indirectly to qualifying Grindrod shareholders in any jurisdiction where such offer would constitute a violation of the laws of the relevant jurisdiction. RESULTS OF GENERAL MEETING 1. Introduction Grindrod shareholders are referred to the joint announcement published by Grindrod and Remgro Limited ("Remgro") on Tuesday, 20 September 2011, relating to, inter alia, the subscription by Remgro for 133 333 334 new ordinary shares ("subscription shares") in the share capital of Grindrod at a subscription price of R15.00 per subscription share ("transaction") and the non-renounceable offer made by Remgro ("Remgro offer") to Grindrod ordinary shareholders (excluding Grindrod ordinary shareholders who are prohibited by the laws of any foreign jurisdiction from receiving or accepting the offer by Remgro) registered as such on Friday, 21 October 2011 ("qualifying Grindrod shareholders") and the further announcement published by Grindrod on Monday, 26 September 2011. 2. Results of general meeting At the general meeting of Grindrod shareholders held at 10h00 on Monday, 24 October 2011 the ordinary resolutions necessary to effect the transaction were approved by the requisite majority of Grindrod ordinary shareholders. 3. The Remgro offer Qualifying Grindrod shareholders are reminded that forms of acceptance and payment instructions must be lodged with the company`s transfer secretaries and payment of the subscription price must be received by no later than 17h00 on Tuesday, 25 October 2011, as set out in the Remgro form of acceptance and payment instruction attached to the circular distributed to Grindrod shareholders on Monday, 26 September 2011. Durban 24 October 2011 Lead Financial Adviser and Joint Financial Adviser and Independent Sponsor Sponsor Deutsche Bank Grindrod Bank
Legal Adviser Reporting Accountants Garlicke & Bousfield Inc. Deloitte Date: 24/10/2011 11:33:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
