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GNDE - GRINDROD LIMITED - Trading Statement

01/03/2017 16:40:00

GND GNDP 201703010054A
Trading Statement

Grindrod Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/009846/06)
Share code: GND & GNDP
ISIN: ZAE000072328 & ZAE 000071106
(“Grindrod” or “the Company”)


TRADING STATEMENT

Shareholders are referred to the trading statement issued on 21 February 2017 where shareholders
were advised that the loss for the year ended 31 December 2016 was expected to be between R
1 695 million and R 1 720 million and headline loss for the year ended 31 December 2016 was
expected to be between R 455 million and R 465 million.


Following further information on the likely timing of proceeds on the sale and the value of the rail
businesses held for sale, a further impairment of R 200 million has been recognised.


Shareholders are advised that the loss for the year ended 31 December 2016 will be R 1 908 million.
As a consequence of the above, the loss per share for the year ended 31 December 2016 will be
254 cents per share.


The above impairment does not impact headline earnings and headline earnings per share.


The information contained in this trading statement has not been reviewed nor reported on by the
company's external auditors.


Grindrod will release its final results to shareholders on Thursday, 2 March 2017 and will be holding
an investor presentation in Johannesburg on that day.


By order of the board
01 March 2017
Sponsor: Grindrod Bank Limited

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