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

31/03/2017 10:46:00

GND GNDP 201703310033A
Notice in terms of the section 45(5) of the Companies Act, No 71 of 2008 (the Act)

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")



NOTICE IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT, NO. 71 OF 2008 (the

Act)


On 27 May 2016, 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.




The Board has, pursuant to the above authorisation at a board meeting held on 24 August

2016, 23 November 2016 and 1 March 2017 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.




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

per cent of Grindrod's net worth.




Johannesburg


31 March 2017


Sponsor: Grindrod Bank Limited

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