Trading Statement GRINDROD LIMITED (Incorporated in the Republic of South Africa) (Registration number 1966/009846/06) Share code: GND & GNDP ISIN: ZAE000072328 & ZAE 000071106 (“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 more than 20% from the previous corresponding period. Shareholders are advised that Grindrod expects its earnings per share (EPS) and headline earnings per share (HEPS) for the twelve month period ended 31 December 2012 to increase by between 25% and 35% (2011: 111,0 cents per share) and 15% and 25% (2011: 99,6 cents per share) respectively. The information contained in this trading statement has not been reviewed or reported on by the company`s external auditors. Grindrod will release its final results to 31 December 2012 on 27 February 2013 and will be holding investor presentations in Johannesburg (27 February 2013), Cape Town (28 February 2013) and Durban (1 March 2013). By order of the board 1 February 2013 Sponsor: Grindrod Bank Limited Date: 01/02/2013 09:10:00 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.