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GNDE - UPDATED TIMETABLE AND FURTHER CAUTIONARY ANNOUNCEM

19/12/2003 17:18:56

GRINDROD LIMITED - UPDATED TIMETABLE AND FURTHER CAUTIONARY ANNOUNCEMENT
GRINDROD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1966/009846/06)
JSE Code: GND
ISIN Code: ZAE000030805
JSE Code: GNN
ISIN Code: ZAE000030813
("Grindrod" or the "Company")
UPDATED TIMETABLE AND FURTHER CAUTIONARY ANNOUNCEMENT
1. INTRODUCTION
Shareholders are referred to the announcement dated 12 November 2003, in
terms of which the specific repurchase of ordinary shares and restructuring
of the share capital of Grindrod was announced, and the announcement dated
27 November 2003 in which the empowerment transaction with a consortium led
by Jay & Jayendra (Proprietary) Limited was announced.
2. UPDATED TIMETABLE AND DOCUMENTATION
In the announcement dated 12 November 2003 shareholders were advised that a
circular would be posted on or about 17 December 2003 and that the general
meetings would be held on or about 8 January 2004. These meetings have
been postponed to on or about 5 February 2004, with the circular to be
posted on or about 14 January 2004. This will deal with the specific
repurchase of ordinary shares and restructuring of the share capital. It
has been proposed by the directors that the ordinary and N ordinary shares
be converted into a single class of shares on a one for one basis.
A separate general meeting will be convened at a date to be advised in
respect of the empowerment transaction.
3. FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders are advised to continue exercising caution in dealings in the
securities of the Company until a detailed announcement is made related to
the empowerment transaction.
Durban
19 December 2003
Merchant Bank:
Marriott Merchant Bank Limited
Sponsor:
Exchange Sponsors (Proprietary) Limited
Attorneys:
Garlicke & Bousfield Incorporated
Date: 19/12/2003 05:15:03 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department




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