Revenue * GRINDROD LIMITED 32% Unaudited condensed consolidated interim results and cash dividend declaration for the six months ended 30 June 2023 R3 795 million (2022 H1: R2 876 million) ** CORE BUSINESS DECLARATION OF DIVIDEND Grindrod achieved core headline earnings growth of 26% for the six months ended 30 June 2023 EBITDA * (“period”), supported by continued strong demand for Grindrod’s logistics solutions through its cargo 16% Ordinary dividend terminals infrastructure footprint and complementary logistics service offerings. Notice is hereby given that a gross interim dividend of 34.40 cents per share has been declared out Maputo port volumes increased by 30% compared to the prior period, resulting in record performance of income reserves for the six months ended 30 June 2023 (2022 H1: 17.20 cents per share). The interim net dividend is 27.52 cents per share for ordinary shareholders who are not exempt from R1 120 million of 5.9 million tonnes exported during the period. Grindrod’s Mozambique drybulk terminals in Maputo (2022 H1: R963 million) ** and Matola handled 6.0 million tonnes, up 17% on the prior period. Grindrod is collaborating with dividends tax. Transnet Freight Rail and Mozambique Port and Railways (“CFM”) on the ongoing initiative to move At the date of this announcement, there were 698 031 586 issued ordinary shares. cargo on trains running seamlessly between South Africa and Mozambique which will improve train turnaround time and benefit export customers. Preference dividend The eSwatini multimodal corridor operation which provides customers in the Mpumalanga area with Notice is hereby given that a gross interim preference dividend of 483.0 cents (2022 H1: 337.0 cents) Headline an alternative route to Maputo and Matola export terminals performed well, enabling export drybulk per cumulative, non-redeemable, non-participating and non-convertible preference share has earnings * volume growth of 143% through this route. This success is attributable to the strong collaboration between eSwatini Rail, CFM and Grindrod which has enabled seamless flow of trains between eSwatini been declared out of income reserves for the six months ended 30 June 2023. The interim net preference dividend is 386.4 cents per share for preference shareholders who are not exempt 26% and Mozambique for the benefit of export customers and all parties. The northern Mozambique from dividends tax. R563 million operations delivered solid results for the period with headline earnings up 15% on the prior period. At the date of this announcement, there were 7 400 000 preference shares in issue. (2022 H1: R446 million) ** Grindrod’s ships agency and clearing and forwarding headline earnings were strong, up 149% on the prior period, due to new customer contracts and growing port calls. Integration of Salient dates Grindrod’s and Maersk’s South African container handling businesses, following the merger The salient dates for the ordinary dividend and preference dividend are as follows: transaction implemented at the start of the year, is progressing well. Total ordinary Grindrod’s rail leasing business in Sierra Leone continues to deliver, having exceeded the 10 million Dividend declaration date Friday, 25 August 2023 tonne-mark since its inception in February 2021. Grindrod made significant strides in re-establishing dividends Last date to trade cum-dividend Tuesday, 19 September 2023 its rail activities in Zambia through its strategic co-operation with Zambia Railways. Securities start trading ex-dividend Wednesday, 20 September 2023 100% Record date Friday, 22 September 2023 34.4 cents per share Unaudited Unaudited Payment date Tuesday, 26 September 2023 (2022 H1: 17.2 cents per share) 30 June 2 02 3 30 June 2 0 2 2 ** Change Core operations inclusive of joint ventures * Rm Rm % No dematerialisation or rematerialisation of ordinary shares and preference shares will be allowed Revenue 3 795 2 876 32 during the period Wednesday, 20 September 2023 to Friday, 22 September 2023, both days inclusive. Earnings before interest, taxation, 1 120 963 16 The local dividend tax rate is 20% and Grindrod’s tax reference number is 9435/490/71/0. Both depreciation and amortisation (EBITDA) the ordinary dividend and preference dividend are declared in the currency of the Republic of Profit attributable to ordinary shareholders 520 426 22 South Africa. Headline earnings 563 446 26 * Core operations includes Port and Terminals, Logistics and Group. ** Prior year figures have been re-presented to exclude the Bank segment from core operations as it is a discontinued operation in terms of IFRS 5: Non-current assets held for sale and discontinued operations. Directors’ statement This short-form announcement is the responsibility of the directors and is only a summary of Registered office NON-CORE BUSINESS the information of the unaudited condensed consolidated interim results for the six months ended and business address The period’s results include net impairment and fair value losses of R78.7 million relating to 30 June 2023 and does not contain full or complete details. The full announcement is available on Grindrod Mews, 106 Margaret the KwaZulu-Natal north coast property loans and the private equity investment portfolio. the Company’s website at www.grindrod.com and the JSE’s website on 25 August 2023 at Mncadi Avenue, Durban, 4001 https://senspdf.jse.co.za/documents/2023/jse/isse/GNDE/ie2023.pdf. GROUP RESULTS Sponsor Headline earnings increased by 21% to R487.3 million compared to R404.4 million in the prior Shareholders are further advised that details in relation to the interim results presentation to be Nedbank Corporate and period. The results presented below include continuing and discontinued operations. hosted by Grindrod at 9am on 25 August 2023 are available on the Company’s website. Investment Banking, a division of Nedbank Limited Copies of the full announcement may also be requested by email at Unaudited Unaudited investorrelations@grindrod.com or telephonically from the Company’s registered office Registration number: 30 June 2 02 3 30 June 2 0 2 2 Change and the office of the sponsor. Any investment decision by investors and / or shareholders 1966/009846/06, Incorporated Total Group on a legal basis Rm Rm % should be made having considered the full announcement as a whole. in the Republic of South Africa By order of the Board Share code: GND and Revenue 2 470 2 479 - GNDP ISIN: ZAE000072328 EBITDA 487 615 (21) VB Commaille and ZAE000071106 Headline earnings 487 404 21 Group Company Secretary (“Grindrod”, or “the Company” Basic earnings per share (cents) 66.6 57.8 15 25 August 2023 or “the Group”) Headline earnings per share (cents) 73.0 60.6 20