Grindrod Bank Ltd: GBL02 Tap Issue Grindrod Bank Limited Reg no 1994/007994/06 Incorporated in the Republic of South Africa JSE Code: GBL02 ISIN No: ZAG000130352 Tap Issue of note GBL02 The JSE Limited has granted a listing to Grindrod Bank Limited on the Interest rate market with effect from 2 June 2017 under their Domestic Medium-term Note Programme dated 18 September 2012. INSTRUMENT TYPE: Senior Unsecured Floating Rate Notes Authorised Programme size R1 000,000,000.00 Total notes issued(incl) R260,000,000.00 Bond code GBL02 Nominal issued R100,000,000.00 Trade type Price Issue Price 101.57538 Tap Issue Date 2 June 2017 Reference rate 3 month Jibar Coupon 220bps added to the reference rate Maturity date 15 October 2018 Interest commencement date 15 October 2015 Interest dates 15 January, 15 April, 15 July and 15 October Books closed period 5 January, 5 April, 5 July and 5 October Last day to register by 17h00 on 4 January, 4 April, 4 July, and 4 October ISIN ZAG000130352 Dealer Nedbank CIB The Notes will be immobilized in the Central Depository (“CSD”) and settlement will take place electronically in terms of JSE Rules. Date 2 June 2017 Sponsor: Nedbank Corporate and Investment Bank (CIB), a division of Nedbank Limited (“Nedbank”) Date: 02/06/2017 09:00:00 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.