GNDE - GRINDROD LIMITED - Proposed International Listing

16/01/2018 11:20:00

GND GNDP 201801160023A
Proposed International Listing

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”)


We refer to the announcement released on 23 August 2017 in which Grindrod indicated that it will
start investigating the separate listing of the Shipping business on a recognised international stock
exchange (“the Proposed International Listing”), including the local and international required
regulatory requirements to achieve such a listing. The Board intended at the time to make a final
determination regarding the Proposed International Listing before the end of the year.

Due to the cross jurisdictional nature of the Proposed International Listing, the various processes
required with the different regulators in the relevant jurisdictions are taking longer than initially
expected. Work is continuing and based on current timing estimates the Grindrod Board aims to
make its final determination on the Proposed International Listing in the early part of 2018. Assuming
the required regulatory approvals are successfully obtained, Grindrod will seek the listing of the
Shipping business before the end of the first half of 2018.

By order of the board
16 January 2018
Sponsor: Grindrod Bank Limited

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