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GNDE - GRINDROD LIMITED - Dealing in securities by directors - allocation of forfeitable shares

06/03/2015 13:35:00

GNDP GND 201503060028A
Dealing in securities by directors - allocation of forfeitable shares

GRINDROD LIMITED
(Registration number: 1966/0009846/06)
Share code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106


DEALING IN SECURITIES BY DIRECTORS - ALLOCATION OF FORFEITABLE SHARES


Shareholders are referred to the announcement published on SENS on 5 March 2015,
which erroneously reflected that shares were purchased by directors. This announcement
replaces the aforementioned announcement.


In accordance with paragraph 3.63 to 3.74 of the JSE Listings Requirements, shareholders
are advised that the following executive directors of Grindrod Limited were awarded shares
in terms of the group's forfeitable share plan on 23 February 2015. The shares were
accepted by the executive directors on the date the shares were traded, 4 March 2015 and
6 March 2015, the salient details of which are set out below:


Name of executive director : AK Olivier
Name of company : Grindrod Limited
Designation : Executive director and CEO
Number of forfeitable shares awarded : 250 000 Grindrod ordinary shares
Consideration : Nil
Market price of shares on acceptance date : R18.05
Vesting period : Three vesting periods commencing at the
end of years three, four and five from the
award date
Value : R4 512 500.00
Date of acceptance : 6 March 2015
Nature of transaction : Direct beneficial


Name of executive director : AG Waller
Name of company : Grindrod Limited
Designation : Executive director and CFO
Number of forfeitable shares awarded : 150 000 Grindrod ordinary shares
Consideration : Nil
Market price of shares on acceptance date : R17.93
Vesting period : Three vesting periods commencing at the
end of years three, four and five from the
award date
Value : R2 689 500.00
Date of acceptance : 4 March 2015
Nature of transaction : Direct beneficial


Name of executive director : DA Polkinghorne
Name of company : Grindrod Limited
Designation : Executive Director
Number of forfeitable shares awarded : 100 000 Grindrod ordinary shares
Consideration : Nil
Market price of shares on acceptance date : R17.93
Vesting period : Three vesting periods commencing at the
end of years three, four and five from the
award date
Value : R1 793 000.00
Date of acceptance : 4 March 2015
Nature of transaction : Direct beneficial



The above transactions took place on market.


Clearance to trade has been obtained in terms of section 3.66 of the Listings Requirements.
Sponsor : Grindrod Bank Limited
Johannesburg
6 March 2015

Date: 06/03/2015 01:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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