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

01/09/2020 10:15:00

Dealing in securities by a director - 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 A DIRECTOR – 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. The shares were accepted by the executive director on the date the shares were traded being 31 August 2020, the salient details of which are set out below: Name of executive director : Andrew Waller Name of company : Grindrod Limited Designation : Chief executive officer Total Number of forfeitable shares awarded : 500 000 Grindrod ordinary shares Consideration : Nil Award date : 31 August 2020 Market price of shares on 31 August 2020 : R3.68 (volume weighted average) : R3.69 (high) : R3.68 (low) Market value of shares on 31 August 2020 : R1 840 000 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 JSE Listings Requirements. Sponsor: Nedbank Corporate and Investment Banking 1 September 2020 Date: 01-09-2020 10:15:00 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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