GRINDROD LIMITED - Dealing in securities by a director - allocation of forfeitable shares

Dealing in securities by a director - allocation of forfeitable 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")

DEALING IN SECURITIES BY A DIRECTOR – ALLOCATION OF FORFEITABLE SHARES

In accordance with paragraph 3.63 to 3.74 of the JSE Listings Requirements, shareholders
are advised that the following executive director of Grindrod was awarded shares in terms of
the group’s forfeitable share plan. The shares were accepted by the executive director on the
date the shares were traded being 31 August 2020, the salient details of which are set out
below:

Name of executive director                        :     Andrew Waller
Name of company                                   :     Grindrod Limited
Designation                                       :     Chief executive officer
Total Number of forfeitable shares awarded        :     500 000 Grindrod ordinary shares
Consideration                                     :     Nil
Award date                                        :     31 August 2020
Market price of shares on 31 August 2020          :     R3.68 (volume weighted average)
                                                  :     R3.69 (high)
                                                  :     R3.68 (low)
Market value of shares on 31 August 2020          :     R1 840 000
Vesting period                                    :     Three vesting periods commencing
                                                        at the end of years three, four and
                                                        five from the award date
Nature of transaction                             :     Direct beneficial

The above transactions took place on market.

Clearance to trade has been obtained in terms of section 3.66 of the JSE Listings
Requirements.

Sponsor: Nedbank Corporate and Investment Banking
1 September 2020

Date: 01-09-2020 10:15:00
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