GRINDROD LIMITED - Change in the Executive Directorate

Change in the Executive Directorate

GRINDROD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1966/009846/06)
Share code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
("Grindrod")


CHANGE IN THE EXECUTIVE DIRECTORATE


Shareholders are hereby informed, in accordance with paragraph 3.59 of the Listings Requirements of JSE Limited,
that Xolani Mbambo is stepping down as the Group Chief Executive Officer and Executive Director effective
31 December 2025.

Following the implementation of an unrelenting culture of zero-harm to our employees, continuous drive for
operational excellence, the extension of the concession period of the strategic terminal assets in Mozambique's
Ports of Maputo and Matola, securing Grindrod's strategic entry into quayside container handling operation in South
Africa's Port of Richards Bay through a 25-year concession, the consolidation of ownership of partly owned strategic
core assets and the successful divestiture of non-core assets, Grindrod has firmly reinvented itself as an efficient
and cost-effective integrated logistics platform in sub-Saharan Africa with a promising growth project pipeline and
strong leadership team to execute on it. In light of these achievements, Xolani has decided to pursue the next
chapter of his career.

The Board extends its heartfelt gratitude for Xolani's dedicated leadership throughout his successful 12-year tenure
at Grindrod, where his outstanding track record of consistent delivery on strategy execution was recognised when
Grindrod was ranked second in the 2024 Sunday Times Top 100 Companies Awards, and wishes Xolani well in his
future endeavours.

The Board has begun a process of identifying a successor and will keep shareholders updated as this progresses.
Xolani will remain available until 31 December 2025 to support the Board's search for his successor, ensuring an
orderly handover and seamless leadership transition.


18 June 2025

Durban
Sponsor

Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 18-06-2025 05:20:00
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