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GNDE - GND\GNDP - Grindrod Limited - Allocation of forfeitable shares

25/06/2012 17:00:03

GND GNDP
GND
GND\GNDP - Grindrod Limited - Allocation of forfeitable shares
GRINDROD LIMITED
(Registration number: 1966/0009846/06)
Share code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
In accordance with paragraph 3.63 of the JSE Listings Requirements,
shareholders are advised that the following executive directors of
Grindrod Limited accepted shares awarded in terms of the group's
forfeitable share plan on 25 June 2012, the salient details of which are
set out below:

Name of executive director : AK Olivier
Name of company : Grindrod Limited
Designation : Chief Executive Officer
Number of forfeitable shares : 600 000 Grindrod ordinary shares
awarded
Consideration : Nil
Market price of shares on : R13,65
acceptance date
Vesting period : Three vesting periods commencing at the
end of year's three, four and five from
the award date
Value : R8,190,000
Date of acceptance : 25 June 2012
Nature of transaction : Direct beneficial


Name of executive director : DA Rennie
Name of company : Grindrod Limited
Designation : Executive Director
Number of forfeitable shares : 500 000 Grindrod ordinary shares
awarded
Consideration : Nil
Market price of shares on : R13,65
acceptance date
Vesting period : Three vesting periods commencing at the
end of year's three, four and five from
the award date
Value : R6 825 000
Date of acceptance : 25 June 2012
Nature of transaction : Direct beneficial

Name of executive director : AG Waller
Name of company : Grindrod Limited
Designation : Executive Director
Number of forfeitable shares : 300 000 Grindrod ordinary shares
awarded
Consideration : Nil
Market price of shares on : R13,65
acceptance date
Vesting period : Three vesting periods commencing at the
end of year's three, four and five from
the award date
Value : R4,095,000
Date of acceptance : 25 June 2012
Nature of transaction : Direct beneficial

Name of executive director : HJ Gray
Name of company : Grindrod Limited
Designation : Executive Director
Number of forfeitable shares : 300 000 Grindrod ordinary shares
awarded
Consideration : Nil
Market price of shares on : R13,65
acceptance date
Vesting period : Three vesting periods commencing at the
end of year's three, four and five from
the award date
Value : R4,095,000
Date of acceptance : 25 June 2012
Nature of transaction : Direct beneficial
Name of executive director : MR Wade
Name of company : Grindrod Limited
Designation : Executive Director
Number of forfeitable shares : 300 000 Grindrod ordinary shares
awarded
Consideration : Nil
Market price of shares on : R13,65
acceptance date
Vesting period : Three vesting periods commencing at the
end of year's three, four and five from
the award date
Value : R4,095,000
Date of acceptance : 25 June 2012
Nature of transaction : Direct beneficial

Name of executive director : DA Polkinghorne
Name of company : Grindrod Limited
Designation : Executive Director
Number of forfeitable shares : 150 000 Grindrod ordinary shares
awarded
Consideration : Nil
Market price of shares on : R13,65
acceptance date
Vesting period : Three vesting periods commencing at the
end of year's three, four and five from
the award date
Value : R2,047,500
Date of acceptance : 25 June 2012
Nature of transaction : Direct beneficial
The above transactions took place on market.

Sponsor : Grindrod Bank Limited
25 June 2012
Date: 25/06/2012 17:00:03 Produced by the JSE SENS Department.
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