GRINDROD LIMITED - Results of general meeting

Results of general meeting

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

RESULTS OF GENERAL MEETING

Unless otherwise defined, the definitions and interpretations contained in the circular issued by Grindrod on Friday, 7
August 2020 (“Circular”) apply, mutatis mutandis, to terms used in this announcement.

On Friday, 7 August 2020, Grindrod issued a circular to the holders of Grindrod ordinary shares (“Grindrod
Shareholders”) relating to the specific repurchase of 64 million Grindrod ordinary shares and the acquisition of 1.6
million ordinary shares in Grindrod Shipping Holdings Ltd from Newshelf 1279 (RF) Proprietary Limited
(“Transaction”).

At the General Meeting of Grindrod Shareholders that was held today, Monday 7 September 2020 (in terms of the
Circular and attached notice of general meeting), all resolutions were passed by the requisite majority of Grindrod
Shareholders and the voting results were as follows.

                       Resolution                           Number of     Percentage    For²     Against²   Abstained¹
                                                             ordinary     of ordinary
                                                              shares       shares in
                                                               voted         issue¹
 Special resolution number 1 – Specific authority, in       571 332 563       74.92%    99.90%      0.10%       0.06%
 terms of the Act and Listings Requirements to
 repurchase Grindrod Shares from BEE SPV
 Special resolution 2 - Authority to revoke special         571 328 590       74.92%    99.90%      0.10%       0.06%
 resolution number 1 in the event of Grindrod
 Shareholders exercising their Appraisal Rights
 Ordinary resolution 1 – Authority to allow a director or   571 337 564       74.92%    99.90%      0.10%       0.06%
 the Company Secretary to do all such things and to
 sign all such documents as may be necessary to
 implement the resolutions set out above


   1.     Based on 762 553 314 Grindrod ordinary shares in issue, including treasury shares, at the date of the
          General Meeting.
   2.     In relation to the total number of Grindrod ordinary shares voted at the General Meeting.

The board of directors of Grindrod accepts responsibility for the information contained in this announcement insofar as
it relates to Grindrod. To the best of its knowledge and belief, the information contained in this announcement is true
and the announcement does not omit anything likely to affect the importance of the information.

Durban
7 September 2020

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Legal Adviser
Edward Nathan Sonnebergs Inc

Date: 07-09-2020 02:52:00
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