Dealings in securities by Directors Grindrod Limited (Incorporated in the Republic of South Africa) (Registration number 1966/009846/06) Ordinary share code: GND and ISIN: ZAE000072328 Preference share code: GNDP and ISIN: ZAE 000071106 (“Grindrod” or “the Company”) DEALINGS IN SECURITIES BY DIRECTORS Shareholders are referred to the announcements of the Company released to shareholders on the 23rd of March 2018 advising of the proposed disposal and separate listing of the Grindrod Shipping Business on the NASDAQ and JSE, as well as the results of the general meeting of shareholders held on the 4th of June 2018 at which the shareholders approved the Category 1 Transaction and the separate listings, as more fully set out in the Circular distributed to shareholders dated 7 May 2018 (“Circular”). In compliance with the JSE Limited Listings Requirements, the following information is disclosed in respect of those directors of the Company who compulsorily forfeited Grindrod Shipping Holdings Limited (“Grindrod Shipping”) shares and received Grindrod ordinary shares in exchange, in terms of the provisions of the Company’s Forfeitable Share Plan and pursuant to the Grindrod Distribution detailed in the Circular. Terms defined in the Circular are used below. Date of transaction : 28 June 2018 Class of security : Ordinary shares Nature of transaction : Off-market compulsory exchange of Grindrod Shipping Ordinary Shares received as forfeitable shares, for additional forfeitable Grindrod Ordinary Shares. Deemed price per Grindrod Ordinary Share : 6.86 Director : AG Waller Number of Grindrod Ordinary Shares : 237 733 Total transaction value : 1 630 848.38 Nature of interest : Direct Beneficial Clearance obtained : Yes Director : DA Polkinghorne Number of Grindrod Ordinary Shares : 103 747 Total transaction value : 711 704.42 Nature of interest : Direct Beneficial Clearance obtained : Yes Director : B Ntuli Number of Grindrod Ordinary Shares : 229 631 Total transaction value : 1 575 268.66 Nature of interest : Direct beneficial Clearance obtained : Yes Durban 29 June 2018 Transaction Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Corporate Sponsor Grindrod Bank Limited Date: 29/06/2018 04:40:00 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.
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