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Date For Unaudited Financial Results For The Second Half and Full Year Ended December 31, 2023
GRINDROD SHIPPING HOLDINGS LTD.
ABBREVIATED NAME: GRINSHIP
Registered in Singapore with registration number 201731497H
JSE Share code: GSH
ISIN: SG9999019087
Primary listing on NASDAQ Global Select Market
Secondary listing on the JSE Main Board
Grindrod Shipping Holdings Ltd. Announces Date For Unaudited Financial Results For The Second Half and
Full Year Ended December 31, 2023
On 21 February 2024, Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) ("Grindrod Shipping" or
"Company" or "we" or "us" or "our"), a global provider of maritime transportation services predominantly in the
drybulk sector, today announced it will release its second half and full year 2023 earnings results for the period ended
December 31, 2023 on Wednesday, February 28, 2024, after market closing in New York. The Company will not be
holding a conference call and webcast to discuss the results.
About Grindrod Shipping
Grindrod Shipping predominantly owns and operates a diversified fleet of owned and long-term and short-term
chartered-in drybulk vessels. The drybulk business, which operates under the brand "Island View Shipping" ("IVS")
includes a core fleet of handysize and supramax/ultramax drybulk carriers. The Company is based in Singapore, with
offices in London, Durban, and Tokyo. Grindrod Shipping is listed on NASDAQ under the ticker "GRIN" and on the
JSE under the ticker "GSH".
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform
Act 1995 with respect to Grindrod Shipping's financial condition, results of operations, cash flows, business strategies,
operating efficiencies, competitive position, growth opportunities, plans and objectives of management, and other
matters. These forward-looking statements, including, among others, those relating to our future business prospects,
revenues and income, are necessarily estimates and involve a number of risks and uncertainties that could cause actual
results to differ materially from those suggested by the forward-looking statements. Accordingly, these forward-
looking statements should be considered in light of various important factors, including those set forth below. Words
such as "may," "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of such
words and similar expressions are intended to identify forward looking statements. These forward-looking statements
are based on the information available to, and the expectations and assumptions deemed reasonable by Grindrod
Shipping at the time these statements were made. Although Grindrod Shipping believes that the expectations reflected
in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to
have been correct. These statements involve known and unknown risks and are based upon a number of assumptions
and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond
the control of Grindrod Shipping. Actual results may differ materially from those expressed or implied by such
forward-looking statements. Important factors that could cause actual results to differ materially from estimates or
projections contained in the forward-looking statements include, without limitation, Grindrod Shipping's future
operating or financial results; the strength of world economies, including, in particular, in China and the rest of the
Asia-Pacific region; the effects of the COVID-19 pandemic on our operations and the demand and trading patterns for
the drybulk market, and the duration of these effects; cyclicality of the drybulk market, including general drybulk
shipping market conditions and trends, including fluctuations in charter hire rates and vessel values; changes in supply
and demand in the drybulk shipping industry, including the market for Grindrod Shipping's vessels; changes in the
value of Grindrod Shipping's vessels; changes in Grindrod Shipping's business strategy and expected capital spending
or operating expenses, including drydocking, surveys, upgrades and insurance costs; competition within the drybulk
industry; seasonal fluctuations within the drybulk industry; Grindrod Shipping's ability to employ its vessels in the
spot market and its ability to enter into time charters after its current charters expire; general economic conditions and
conditions in the oil and coal industries; Grindrod Shipping's ability to satisfy the technical, health, safety and
compliance standards of its customers; the failure of counterparties to our contracts to fully perform their obligations
with Grindrod Shipping; Grindrod Shipping's ability to execute its growth strategy; international political and
economic conditions including additional tariffs imposed by China and the United States; potential disruption of
shipping routes due to weather, accidents, political events, natural disasters or other catastrophic events; vessel
breakdowns; corruption, piracy, military conflicts, political instability and terrorism in locations where we may
operate, including the recent conflicts between Russia and Ukraine and tensions between China and Taiwan;
fluctuations in interest rates and foreign exchange; changes in the costs associated with owning and operating Grindrod
Shipping's vessels; changes in, and Grindrod Shipping's compliance with, governmental, tax, environmental, health
and safety regulations including the International Maritime Organization, or IMO 2020, regulations limiting sulfur
content in fuels; potential liability from pending or future litigation; Grindrod Shipping's ability to procure or have
access to financing, its liquidity and the adequacy of cash flows for its operation; the continued borrowing availability
under Grindrod Shipping's debt agreements and compliance with the covenants contained therein; Grindrod
Shipping's ability to fund future capital expenditures and investments in the construction, acquisition and
refurbishment of its vessels; Grindrod Shipping's dependence on key personnel; Grindrod Shipping's expectations
regarding the availability of vessel acquisitions and its ability to buy and sell vessels and to charter-in vessels as
planned or at prices we deem satisfactory; adequacy of Grindrod Shipping's insurance coverage; effects of new
technological innovation and advances in vessel design; and the other factors set out in "Item 3. Key Information-Risk
Factors" in our Annual Report on Form 20-F for the year ended December 31, 2022 filed with the Securities and
Exchange Commission on March 23, 2023. Grindrod Shipping undertakes no obligation to update publicly or release
any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release
or to reflect the occurrence of unanticipated events except as required by law.
Company Contact: Investor Relations / Media Contact:
Edward Buttery
CEO
Grindrod Shipping Holdings Ltd. Grindrod Shipping Holdings Ltd.
1 Temasek Avenue, #10-02 Millenia Tower 1 Temasek Avenue, #10-02 Millenia Tower
Singapore, 039192 Singapore, 039192
Email: ir@grindrodshipping.com Email: ir@grindrodshipping.com
Website: www.grinshipping.com Website: www.grinshipping.com
By Order of the Board
22 February 2024
Sponsor: Grindrod Bank Limited
Date: 22-02-2024 08:00:00
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