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Changes to Board Committees
GRINDROD LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1966/009846/06)
JSE Code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
("Grindrod" or the "Group" or the "Company")
CHANGES TO BOARD COMMITTEES
In the announcement released on SENS on 28 April 2026, shareholders were advised of the appointment
of Hubert Brody, Themba Mkhwanazi, Naidene Ford-Hoon and Mary Bomela as independent non-
executive directors of Grindrod, as well as the retirement of Cheryl Carolus as Chairperson and Nkululeko
Sowazi as Lead Independent Director at the conclusion of the annual general meeting held on 11 June
2026 ("2026 AGM").
The Board of Directors of Grindrod (the "Board") is now pleased to advise shareholders that the
appointment of Raymond Ndlovu as Chairperson and Hubert Brody as Lead Independent Director has
been confirmed, effective immediately, in line with Grindrod's internal procedures and the provisions of
its memorandum of incorporation.
The Nomination and Governance Committee undertook a rigorous selection process and, following
careful consideration and having received shareholder approval of the new appointments at the 2026
AGM, recommended the reconstitution of the Board committees. In making its recommendations, the
Committee had regard to the principles of good governance and sought to ensure an appropriate balance
of skills, experience, independence and diversity across the committees, consistent with the outcomes
envisaged by King V, while also promoting effective oversight, a balanced distribution of responsibilities
and workload among Board members, and continued alignment between committee composition,
committee mandates and the strategic priorities of the Group.
Shareholders are consequently advised, in accordance with paragraph 6.71(c) of the JSE Limited Listings
Requirements, that the Board is pleased to notify shareholders of the following Board committee changes,
effective immediately:
AUDIT COMMITTEE
The appointment of Naidene Ford-Hoon and Mary Bomela as members of the Audit Committee.
The Audit Committee will now comprise of the following members:
Zimkhitha Zatu Moloi* (Chairperson)
Deepak Malik*
Andile Khumalo*
Naidene Ford-Hoon*
Mary Bomela*
NOMINATION AND GOVERNANCE COMMITTEE
The appointment of Raymond Ndlovu as member and chairperson and Hubert Brody as member of the
Nomination and Governance Committee.
The Nomination and Governance Committee will now comprise of the following members:
Raymond Ndlovu* (Chairperson)
Walter Grindrod^
Deepak Malik*
Hubert Brody*
REMUNERATION COMMITTEE
The appointment of Hubert Brody as member and chairperson and Raymond Ndlovu as member of the
Remuneration Committee.
The Remuneration Committee will now comprise of the following members:
Hubert Brody* (Chairperson)
Raymond Ndlovu*
Zimkhitha Zatu Moloi*
RISK COMMITTEE
The appointment of Themba Mkhwanazi and Naidene Ford-Hoon as members of the Risk Committee.
The Risk Committee will now comprise of the following members:
Deepak Malik* (Chairperson)
Raymond Ndlovu*
Themba Mkhwanazi*
Naidene Ford-Hoon*
Kwazi Mabaso#
SOCIAL, ETHICS AND SUSTAINABILITY COMMITTEE
The appointment of Raymond Ndlovu and Themba Mkhwanazi as members of the Social, Ethics and
Sustainability Committee.
The Social, Ethics and Sustainability Committee will now comprise of the following members:
Walter Grindrod^ (Chairperson)
Raymond Ndlovu*
Zimkhitha Zatu Moloi*
Andile Khumalo*
Themba Mkhwanazi*
Kwazi Mabaso#
INVESTMENT COMMITTEE
The appointment of Andile Khumalo as member and chairperson, and Hubert Brody and Mary Bomela as
members.
The Investment Committee will now comprise of the following members:
Andile Khumalo* (Chairperson)
Raymond Ndlovu*
Walter Grindrod^
Hubert Brody*
Mary Bomela*
Kwazi Mabaso#
* Independent
^ Non-executive
# Executive director/CEO
By order of the Board
Grindrod Limited
Durban
23 June 2026
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 23-06-2026 09:00:00
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