Distribution Finalisation Announcement - DIVTRX Grindrod DivTrax Share code: DIVTRX ISIN: ZAE000190104 ("DivTrax") A portfolio in the Grindrod Index Tracker Collective Investment Scheme (formerly Property Index Tracker Collective Investment Scheme) registered as such in terms of the Collective Investment Schemes Control Act, 45 of 2002, managed by Grindrod Index Tracker Managers (RF) Proprietary Limited (formerly Property Index Tracker Managers Proprietary Limited) DISTRIBUTION FINALISATION ANNOUNCEMENT Holders of DivTrax securities are advised that a distribution will be made in respect of the quarter ended 30 September 2014. The distribution of 19.43502 cents per DivTrax Security will be comprised as follows: Dividend (local) (to be taxed at 15%)(gross) 17.28610 cents Dividends Withholding Tax (15%) 2.59292 cents Resultant net dividend 14.69318 cents Dividend (local)( subject to STC credits of 15% i.e. exempt from tax) 0.01580 cents STC Credits 0.01580 cents Net Dividend (local) 0.01580 cents Dividend (foreign) (to be taxed at 15%)(gross) 1.09026 cents Dividends Withholding Tax (15%) 0.16354 cents Resultant net dividend 0.92672 cents Interest 1.04286 cents The distribution will be made to all holders of DivTrax securities who were recorded in the register on 26 September 2014 and will be paid on 13 October 2014. 8 October 2014 Sponsor Grindrod Bank Limited Date: 08/10/2014 03:57:00 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.