GRINDROD SHIPPING HOLDINGS LTD.
ABBREVIATED NAME: GRINSHIP
Registered in Singapore with registration number 201731497H
JSE Share code: GSH
ISIN: SG9999019087
Primary listing on NASDAQ Global Select Market
Secondary listing on the JSE Main Board


Grindrod Shipping Holdings Ltd. Announces Date For Unaudited Financial Results For The Three
Months Ended 31 March 2023


On 10 May 2023, Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping” or
“Company” or “we” or “us” or “our”), a global provider of maritime transportation services
predominantly in the drybulk sector, announced it will release earnings results for the three months
ended 31 March 2023 on Wednesday, 17 May 12023, after market closing in New York. The Company
will not be holding a conference call and webcast to discuss the results.


About Grindrod Shipping

Grindrod Shipping predominantly owns and operates a diversified fleet of owned and long-term and
short-term chartered-in drybulk vessels. The drybulk business, which operates under the brand “Island
View Shipping” (“IVS”) includes a Core Fleet of handysize and supramax/ultramax drybulk carriers. The
Company is based in Singapore, with offices in London, Durban, Tokyo and Rotterdam. Grindrod
Shipping is listed on NASDAQ under the ticker “GRIN” and on the JSE under the ticker “GSH”.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities
Litigation Reform Act 1995 with respect to Grindrod Shipping’s financial condition, results of
operations, cash flows, business strategies, operating efficiencies, competitive position, growth
opportunities, plans and objectives of management, and other matters. These forward-looking
statements, including, among others, those relating to our future business prospects, revenues and
income, are necessarily estimates and involve a number of risks and uncertainties that could cause
actual results to differ materially from those suggested by the forward-looking statements.
Accordingly, these forward-looking statements should be considered in light of various important
factors, including those set forth below. Words such as “may,” “expects,” “intends,” “plans,”
“believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions
are intended to identify forward-looking statements. These forward-looking statements are based on
the information available to, and the expectations and assumptions deemed reasonable by Grindrod
Shipping at the time these statements were made. Although Grindrod Shipping believes that the
expectations reflected in such forward-looking statements are reasonable, no assurance can be given
that such expectations will prove to have been correct. These statements involve known and unknown
risks and are based upon a number of assumptions and estimates which are inherently subject to
significant uncertainties and contingencies, many of which are beyond the control of Grindrod
Shipping. Actual results may differ materially from those expressed or implied by such forward-looking
statements. Important factors that could cause actual results to differ materially from estimates or
projections contained in the forward-looking statements include, without limitation, Grindrod
Shipping’s future operating or financial results; the strength of world economies, including, in
particular, in China and the rest of the Asia-Pacific region; the effects of the COVID-19 pandemic on
our operations and the demand and trading patterns for the drybulk market, and the duration of these
effects; cyclicality of the drybulk market, including general drybulk shipping market conditions and
trends, including fluctuations in charter hire rates and vessel values; changes in supply and demand in
the drybulk shipping industry, including the market for Grindrod Shipping’s vessels; changes in the
value of Grindrod Shipping’s vessels; changes in Grindrod Shipping’s business strategy and expected
capital spending or operating expenses, including drydocking, surveys, upgrades and insurance costs;
competition within the drybulk industry; seasonal fluctuations within the drybulk industry; Grindrod
Shipping’s ability to employ its vessels in the spot market and its ability to enter into time charters
after its current charters expire; general economic conditions and conditions in the oil and coal
industries; Grindrod Shipping’s ability to satisfy the technical, health, safety and compliance standards
of its customers; the failure of counterparties to our contracts to fully perform their obligations with
Grindrod Shipping; Grindrod Shipping’s ability to execute its growth strategy; international political
and economic conditions including additional tariffs imposed by China and the United States; potential
disruption of shipping routes due to weather, accidents, political events, natural disasters or other
catastrophic events; vessel breakdowns; corruption, piracy, military conflicts, political instability and
terrorism in locations where we may operate, including the recent conflicts between Russia and
Ukraine and tensions between China and Taiwan; fluctuations in interest rates and foreign exchange
rates and the changes in the method pursuant to which the London Interbank Offered Rate and other
benchmark rates are determined; changes in the costs associated with owning and operating Grindrod
Shipping’s vessels; changes in, and Grindrod Shipping’s compliance with, governmental, tax,
environmental, health and safety regulations including the International Maritime Organization, or
IMO 2020, regulations limiting sulfur content in fuels; potential liability from pending or future
litigation; Grindrod Shipping’s ability to procure or have access to financing, its liquidity and the
adequacy of cash flows for its operation; the continued borrowing availability under Grindrod
Shipping’s debt agreements and compliance with the covenants contained therein; Grindrod
Shipping’s ability to fund future capital expenditures and investments in the construction, acquisition
and refurbishment of its vessels; Grindrod Shipping’s dependence on key personnel; Grindrod
Shipping’s expectations regarding the availability of vessel acquisitions and its ability to buy and sell
vessels and to charter-in vessels as planned or at prices we deem satisfactory; adequacy of Grindrod
Shipping’s insurance coverage; effects of new technological innovation and advances in vessel design;
and the other factors set out in “Item 3. Key Information-Risk Factors” in our Annual Report on Form
20-F for the year ended December 31, 2022 filed with the Securities and Exchange Commission on
March 23, 2023. Grindrod Shipping undertakes no obligation to update publicly or release any
revisions to these forward-looking statements to reflect events or circumstances after the date of this
press release or to reflect the occurrence of unanticipated events except as required by law.


Company Contact:                                    Investor Relations / Media Contact:
Edward Buttery                                      Email: ir@grindrodshipping.com
Chief Executive Officer
Grindrod Shipping Holdings Ltd.
200 Cantonment Road, #03-01 Southpoint
Singapore, 089763
Email: ir@grindrodshipping.com
Website: www.grinshipping.com


By order of the Board
11 May 2023
Sponsor: Grindrod Bank Limited