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GNDE - GRINDROD LIMITED - Notice in terms Of Section 45(5) of the Companies Act No 71 of 2008 (The Act)

25/02/2015 08:00:00

GNDP GND 201502250004A
Notice in terms Of Section 45(5) of the Companies Act, No 71 of 2008 (“The Act”)

GRINDROD LIMITED
(Registration number: 1966/009846/06)
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. On 28 May 2014, 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.


2. The Board has, pursuant to the above authorisation at a board meeting held on
25 February 2015, 28 May 2014, 20 August 2014 and 26 November 2014 and in
accordance with section 45 of the Act, resolved to provide guarantees to related and
inter-related companies, to secure the banking facilities required by such companies.


3. 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.




Sponsor : Grindrod Bank Ltd
25 February 2015

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