Dealing in securities by directors - allocation of forfeitable shares GRINDROD LIMITED (Registration number: 1966/0009846/06) Share code: GND & GNDP ISIN: ZAE000072328 & ZAE000071106 DEALING IN SECURITIES BY DIRECTORS - ALLOCATION OF FORFEITABLE SHARES Shareholders are referred to the announcement published on SENS on 5 March 2015, which erroneously reflected that shares were purchased by directors. This announcement replaces the aforementioned announcement. In accordance with paragraph 3.63 to 3.74 of the JSE Listings Requirements, shareholders are advised that the following executive directors of Grindrod Limited were awarded shares in terms of the group’s forfeitable share plan on 23 February 2015. The shares were accepted by the executive directors on the date the shares were traded, 4 March 2015 and 6 March 2015, the salient details of which are set out below: Name of executive director : AK Olivier Name of company : Grindrod Limited Designation : Executive director and CEO Number of forfeitable shares awarded : 250 000 Grindrod ordinary shares Consideration : Nil Market price of shares on acceptance date : R18.05 Vesting period : Three vesting periods commencing at the end of years three, four and five from the award date Value : R4 512 500.00 Date of acceptance : 6 March 2015 Nature of transaction : Direct beneficial Name of executive director : AG Waller Name of company : Grindrod Limited Designation : Executive director and CFO Number of forfeitable shares awarded : 150 000 Grindrod ordinary shares Consideration : Nil Market price of shares on acceptance date : R17.93 Vesting period : Three vesting periods commencing at the end of years three, four and five from the award date Value : R2 689 500.00 Date of acceptance : 4 March 2015 Nature of transaction : Direct beneficial Name of executive director : DA Polkinghorne Name of company : Grindrod Limited Designation : Executive Director Number of forfeitable shares awarded : 100 000 Grindrod ordinary shares Consideration : Nil Market price of shares on acceptance date : R17.93 Vesting period : Three vesting periods commencing at the end of years three, four and five from the award date Value : R1 793 000.00 Date of acceptance : 4 March 2015 Nature of transaction : Direct beneficial The above transactions took place on market. Clearance to trade has been obtained in terms of section 3.66 of the Listings Requirements. Sponsor : Grindrod Bank Limited Johannesburg 6 March 2015 Date: 06/03/2015 01:35:00 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.