GRINDROD LIMITED - Repurchase of shares

Repurchase of shares

GRINDROD LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1966/009846/06)
JSE Code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
(“Grindrod” or "the Company")

REPURCHASE OF SHARES

Shareholders are advised that the directors of Grindrod will continue with the share repurchase
under the general authority (“General Repurchase”) granted by shareholders at the
Company’s annual general meeting held on 26th of May 2020 to buy back ordinary shares in
the Company.

During the first half of the year, the Company embarked on the General Repurchase which
was suspended as a consequence of the COVID-19 pandemic. Following sustained cash
generation from operational recovery in the continuing businesses, the General Repurchase
will resume. The General Repurchase is an important step in restoring shareholder value.

Grindrod has appointed one agent to affect the General Repurchase.

Sponsor
Nedbank Corporate and Investment Banking

5 October 2020

Date: 05-10-2020 08:39:00
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