Preference dividend Grindrod Limited (Incorporated in the Republic of South Africa) (Registration number 1966/009846/06) Share code: GND & GNDP ISIN: ZAE000072328 & ZAE000071106 (“Grindrod” or “the Company”) PREFERENCE DIVIDEND Notice is hereby given that a gross final dividend of 456.0 cents per cumulative, non-redeemable, non-participating and non-convertible preference share (2016: 466.0 cents) is declared out of income reserves for the year ending 31 December 2017, payable to preference shareholders in accordance with the timetable below. As at 27 February 2018, there are 7 400 000 cumulative, non-redeemable, non-participating and non-convertible preference shares in issue. The final net preference dividend is 364.80000 cents per share for preference shareholders who are not exempt from dividend tax. With respect to the preference dividend, in terms of the dividends tax effective since 22 February 2017, the following additional information is disclosed: The local dividends tax rate is 20 per cent; and Grindrod Limited’s tax reference number is 9435/490/71/0. PREFERENCE DIVIDEND TIMETABLE Dividend declaration and finalisation date Tuesday, 27 February 2018 Last date to trade cum dividend Tuesday, 13 March 2018 Securities start trading ex dividend Wednesday, 14 March 2018 Record date Friday, 16 March 2018 Payment date Monday, 19 March 2018 No dematerialisation or rematerialisation of shares will be allowed for the period Wednesday, 14 March 2018 to Friday, 16 March 2018, both days inclusive. The dividend is declared in the currency of the Republic of South Africa. By order of the board 27 February 2018 Sponsor: Grindrod Bank Limited Date: 27/02/2018 12:13:00 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.