GRINDROD LIMITED - Notification in terms of section 122(3) of the Companies Act and section 3.83(b) of the JSE Listings Requirements

Notification in terms of section 122(3) of the Companies Act and section 3.83(b) of the JSE Listings Requirements

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

NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND SECTION 3.83(b) OF THE JSE LISTINGS REQUIREMENTS

In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 (“the Act”), and section
3.83(b) of the JSE Limited Listings Requirements, holders of ordinary shares in the Company are
advised that Marathon Asset Management LLP, on behalf of its underlying clients, decreased its
beneficial interest in ordinary shares of the Company ("the securities"), such that its beneficial
interests of the securities of the Company, held by its clients, collectively, amounts to 4.95% of the
total number of shares in issue.

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

16 October 2020

Sponsor: Nedbank Corporate and Investment Banking

Date: 16-10-2020 01:47:00
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