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GNDE - GND/GNDP - Grindrod Limited - Grindrod concludes a R274 million Broad Based

23/02/2009 17:23:01

GND GNDP
GND
GND/GNDP - Grindrod Limited - Grindrod concludes a R274 million Broad Based
Black Economic Empowerment transaction
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")
Grindrod concludes a R274 million Broad Based Black Economic Empowerment
transaction
With reference to today's announcement of its BEE transaction in respect of the
majority of its 100% owned South African based freight services operations, the
company wishes to clarify that the issue of new equity is by its subsidiary,
Grindrod (South Africa) (Pty) Limited and NOT by Grindrod Limited.
23 February 2009
Sponsor:
Grindrod Bank Limited
Date: 23/02/2009 17:23:01 Produced by the JSE SENS Department.
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