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

01/03/2016 12:30:00

GNDP GND 201603010056A
Dealing in securities by directors - allocation of forfeitable shares

GRINDROD LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1966/009846/06)
JSE Code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
(“Grindrod” or "the Company")


DEALING IN SECURITIES BY DIRECTORS – ALLOCATION OF FORFEITABLE SHARES


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 22 February 2016. The shares were accepted
by the executive directors on the date the shares were traded, 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
Total Number of forfeitable shares awarded : 263 000 Grindrod ordinary shares
Consideration : Nil
Market price of shares on 25 February 2016 : R9.09 (volume weighted average)
: R9.15 (high)
: R8.65 (low)
Number of shares traded on 25 February 2016 : 105 000
Value traded on 25 February 2016 : R954 282
Market price of shares on 26 February 2016 : R9.27 (volume weighted average)
: R9.55 (high)
: R9.10 (low)
Number of shares traded on 26 February 2016 : 158 000
Value traded on 26 February 2016 : R 1 464 455
Total value : R 2 418 737
Vesting period : Three vesting periods commencing
at the end of years three, four and
five from the award date
Nature of transaction : Direct beneficial


Name of executive director : B Ntuli
Name of company : Grindrod Limited
Designation : Executive director
Total Number of forfeitable shares awarded : 133 400 Grindrod ordinary shares
Consideration : Nil
Market price of shares on 26 February 2016 : R9.27 (volume weighted average)
: R9.55 (high)
: R9.10 (low)
Number of shares traded on 26 February 2016 : 133 400
Value traded on 26 February 2016 : R 1 236 445
Total value : R 1 236 445
Vesting period : Three vesting periods commencing
at the end of years three, four and
five from the award date
Nature of transaction : Direct beneficial


Name of executive director : DA Polkinghorne
Name of company : Grindrod Limited
Designation : Executive director
Total Number of forfeitable shares awarded : 61 400 Grindrod ordinary shares
Consideration : Nil
Market price of shares on 26 February 2016 : R9.27 (volume weighted average)
: R9.55 (high)
: R9.10 (low)
Number of shares traded on 26 February 2016 : 61 400
Value traded on 26 February 2016 : R 569 098
Total value : R 569 098
Vesting period : Three vesting periods commencing
at the end of years three, four and
five from the award date
Nature of transaction : Direct beneficial


Name of executive director : AG Waller
Name of company : Grindrod Limited
Designation : Executive director and CFO
Total Number of forfeitable shares awarded : 143 400 Grindrod ordinary shares
Consideration : Nil
Market price of shares on 26 February 2016 : R9.27 (volume weighted average)
: R9.55 (high)
: R9.10 (low)
Number of shares traded on 26 February 2016 : 143 400
Value traded on 26 February 2016 : R 1 329 132
Total value : R 1 329 132
Vesting period : Three vesting periods commencing
at the end of years three, four and
five from the award date
Nature of transaction : Direct beneficial


Name of executive director : MR Wade
Name of company : Grindrod Limited
Designation : Executive director
Total Number of forfeitable shares awarded : 211 200 Grindrod ordinary shares
Consideration : Nil
Market price of shares on 26 February 2016 : R9.27 (volume weighted average)
: R9.55 (high)
: R9.10 (low)
Number of shares traded on 26 February 2016 : 3 800
Value traded on 26 February 2016 : R35 221
Market price of shares on 29 February 2016 : R9.08 (volume weighted average)
: R9.30 (high)
: R8.81 (low)
Number of shares traded on 29 February 2016 : 207 400
Value traded on 29 February 2016 : R 1 882 777
Total value : R 1 917 998
Vesting period : Three vesting periods commencing
at the end of years three, four and
five from the award date
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
1 March 2016

Date: 01/03/2016 12:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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