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GNDE - GND/GNDP - Grindrod Limited - Notice in terms of section 45(5) of the

12/12/2011 14:22:04

GND GNDP
GND
GND/GNDP - Grindrod Limited - Notice in terms of section 45(5) of the
companies Act, no 71 of 2008
GRINDROD LIMITED
(Registration number: 1966/0009846/06)
Share code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
("Grindrod" or "the Company")
NOTICE IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT, NO 71 OF 2008
("the Act")
1. This is a notice in terms of section 45(5) of the Act.
2. On 20 July 2011, the shareholders of Grindrod approved a special
resolution authorising the board of directors of Grindrod ("the
Board") to provide financial assistance to related and inter-
related companies.
3. The Board has, pursuant to the above authorisation and in
accordance with section 45 of the Act, resolved to provide
guarantees to related and interrelated companies, to secure the
banking facilities required by such companies.
4. The total financial assistance provided to related and inter-
related companies in terms of resolutions passed by the Board
during the current financial year exceeds one-tenth of one percent
of Grindrod's net worth.
5. This notice is required to be provided, in terms of section 45(5)
of the Act, because the threshold referred to in paragraph 4 has
been exceeded.
Sponsor : Grindrod Bank Ltd
12 December 2011
Date: 12/12/2011 14:22:04 Produced by the JSE SENS Department.
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