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GNDE - GRINDROD LIMITED - Repurchase of shares

05/10/2020 08:39:00

Repurchase of 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") REPURCHASE OF SHARES Shareholders are advised that the directors of Grindrod will continue with the share repurchase under the general authority (“General Repurchase”) granted by shareholders at the Company's annual general meeting held on 26th of May 2020 to buy back ordinary shares in the Company. During the first half of the year, the Company embarked on the General Repurchase which was suspended as a consequence of the COVID-19 pandemic. Following sustained cash generation from operational recovery in the continuing businesses, the General Repurchase will resume. The General Repurchase is an important step in restoring shareholder value. Grindrod has appointed one agent to affect the General Repurchase. Sponsor Nedbank Corporate and Investment Banking 5 October 2020 Date: 05-10-2020 08:39:00 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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