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 2013 to increase by between 35% and 45% (2012: 141,8 cents per share) and 12% and 18% (2012: 102,6 cents per share) respectively. The increase in EPS is attributed to an increase in operating earnings and the recognition of foreign currency translation reserves on cessation of certain offshore operations due to restructuring. This increase is partially offset by a goodwill impairment in the agricultural commodities business. The information contained in this trading statement has not been reviewed nor reported on by the company’s external auditors. Grindrod will release its final results to 31 December 2013 on 27 February 2014 and will be holding investor presentations in Johannesburg (27 February 2014), Cape Town (28 February 2014) and Durban (3 March 2014). By order of the board 10 February 2014 Sponsor: Grindrod Bank Limited Date: 10/02/2014 04:00:00 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.