GNDE - GRINDROD LIMITED - GND,GNDP : Dealing In Securities By Directors Allocation Of Forfeitable Shares

06/03/2020 16:30:19

Dealing In Securities By Directors – Allocation Of Forfeitable Shares 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”) 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 director of Grindrod was awarded shares in terms of the group's forfeitable share plan on 2 March 2020. The shares were accepted by the executive director on the date the shares were traded, the salient details of which are set out below: Name of executive director : XF Mbambo Name of company : Grindrod Limited Designation : Finance director Total Number of forfeitable shares awarded : 239 000 Grindrod ordinary shares Consideration : Nil Market price of shares on 5 March 2020 : R4.56 (volume weighted average) : R4.58 (high) : R4.52 (low) Number of shares traded : 239 000 Value traded on 5 March 2020 : R1 100 408.13 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 6 March 2020 Date: 06-03-2020 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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