GNDE - GRINDROD LIMITED - Results of general meeting

07/09/2020 14:52:00

Results of general meeting GRINDROD LIMITED (Incorporated in the Republic of South Africa) (Registration number 1966/009846/06) Share code: GND and GNDP ISIN: ZAE000072328 and ZAE000071106 ("Grindrod" or the “Company") RESULTS OF GENERAL MEETING Unless otherwise defined, the definitions and interpretations contained in the circular issued by Grindrod on Friday, 7 August 2020 (“Circular”) apply, mutatis mutandis, to terms used in this announcement. On Friday, 7 August 2020, Grindrod issued a circular to the holders of Grindrod ordinary shares (“Grindrod Shareholders”) relating to the specific repurchase of 64 million Grindrod ordinary shares and the acquisition of 1.6 million ordinary shares in Grindrod Shipping Holdings Ltd from Newshelf 1279 (RF) Proprietary Limited (“Transaction”). At the General Meeting of Grindrod Shareholders that was held today, Monday 7 September 2020 (in terms of the Circular and attached notice of general meeting), all resolutions were passed by the requisite majority of Grindrod Shareholders and the voting results were as follows. Resolution Number of Percentage For² Against² Abstained¹ ordinary of ordinary shares shares in voted issue¹ Special resolution number 1 – Specific authority, in 571 332 563 74.92% 99.90% 0.10% 0.06% terms of the Act and Listings Requirements to repurchase Grindrod Shares from BEE SPV Special resolution 2 - Authority to revoke special 571 328 590 74.92% 99.90% 0.10% 0.06% resolution number 1 in the event of Grindrod Shareholders exercising their Appraisal Rights Ordinary resolution 1 – Authority to allow a director or 571 337 564 74.92% 99.90% 0.10% 0.06% the Company Secretary to do all such things and to sign all such documents as may be necessary to implement the resolutions set out above 1. Based on 762 553 314 Grindrod ordinary shares in issue, including treasury shares, at the date of the General Meeting. 2. In relation to the total number of Grindrod ordinary shares voted at the General Meeting. The board of directors of Grindrod accepts responsibility for the information contained in this announcement insofar as it relates to Grindrod. To the best of its knowledge and belief, the information contained in this announcement is true and the announcement does not omit anything likely to affect the importance of the information. Durban 7 September 2020 Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Legal Adviser Edward Nathan Sonnebergs Inc Date: 07-09-2020 02:52:00 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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