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GRINDROD LIMITED - Disclosure of a disposal of securities

Release Date: 10/09/2020 09:59
Code(s): GND GNDP     PDF:  
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Disclosure of a disposal of securities

(Incorporated in the Republic of South Africa)
(Registration number 1966/009846/06)
Share code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
(“Grindrod” or “the Company”)

Disclosure of a disposal of securities

In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 (the “Companies Act”), and
section 3.83(b) of the JSE Limited Listings Requirements, shareholders are advised that Newshelf
1279 (RF) Proprietary Limited (“Newshelf”) has disposed of its beneficial interest in the ordinary
shares of the Company, such that its beneficial interest in the ordinary shares of the Company now
amounts to nil%. Shareholders are referred to the announcements published by the Company on
SENS dated 21 July, 7 August, 7 September 2020 which provide details of the unwind of the ‘2014
BEE Transaction’, which unwind has given rise to the aforementioned disposal.

Grindrod hereby confirms that it has received the required notices from Newshelf in terms of section
122(3)(a) of the Companies Act and that it has filed the required notices with the Takeover
Regulation Panel.

10 September 2020
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 10-09-2020 09:59:00
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