Share dealings by a director 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”) SHARE DEALINGS BY A DIRECTOR In accordance with the requirements of paragraph 3.63 and 3.74 of the JSE Listings Requirements the following should be noted: Name of company : Grindrod Limited Class of securities : Grindrod ordinary shares Nature of transaction : Selling of shares Nature of interest : Direct beneficial Clearance to deal : Yes Name of director : B Ntuli Date of transaction : 10 October 2017 Number of shares : 5 000 Ordinary shares Price : R14.70 Total value of transaction : R73 500.00 Date of transaction : 12 October 2017 Number of shares : 5 000 Ordinary shares Price : R15.15 Total value of transaction : R75 750.00 Number of shares : 5 000 Ordinary shares Price : R15.05 Total value of transaction : R75 250.00 Number of shares : 5 000 Ordinary shares Price : R15.00 Total value of transaction : R75 000.00 Date of transaction : 13 October 2017 Number of shares : 5 000 Ordinary shares Price : R15.71 Total value of transaction : R78 550.00 Number of shares : 5 000 Ordinary shares Price : R15.50 Total value of transaction : R77 500.00 Total value of all transactions: R455 550.00 The above transaction took place on market. By order of the board 16 October 2017 Sponsor: Grindrod Bank Limited Date: 16/10/2017 12:23:00 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.