Resignation of executive director 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”) Resignation of executive director With the recent improvement in the commodity markets and significant work done to reshape the Grindrod Freight Services business, including the appointment of key management and through developing customer relationships, Bongiwe Ntuli has decided it would be the opportune time to embark on the next chapter in her career. Bongiwe has been with Grindrod for ten years of which three and a half years were as CEO of the Freight Services division. Bongiwe has accepted an appointment as the CFO and executive director of The Foschini Group Limited with effect from 14 January 2019. Bongiwe’s successor will be appointed in the coming months in order to facilitate a smooth transition prior to her departure on the 31 December 2018. The Grindrod board would like to express their deep gratitude for the committed leadership that Bongiwe has displayed in her years at Grindrod and wish her a successful future as she progresses her career. Accordingly, shareholders are advised, in terms of section 3.59 of the Listings Requirements of the JSE that Bongiwe Ntuli has resigned as an executive director of Grindrod Limited with effect from 31 December 2018. By order of the Grindrod board 1 August 2018 Sponsor: Grindrod Bank Limited Date: 01/08/2018 12:00:00 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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