Enhanced Investments - Financial Portal

Pre-close business update and trading statement

Published: 2022-06-28 08:06:06 ET

                                      (Incorporated in the Republic of South Africa)
                                          (Registration number 1966/009846/06)
                                                Share code: GND & GNDP
                                         ISIN: ZAE000072328 & ZAE000071106
                                      (“Grindrod” or “the Company” or “the Group”)



                    PRE-CLOSE BUSINESS UPDATE AND TRADING STATEMENT


PRE-CLOSE BUSINESS UPDATE

Grindrod has today published its pre-close business update. A copy of the document can be found on the Company’s
website on the Investor Presentations landing page: https://www.grindrod.com/investor-proposition/shareholder-
documents#presentations.

TRADING STATEMENT

Grindrod delivered a strong performance in the first five months of 2022.


In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon
as they become reasonably certain that the financial results for the period to be reported on will differ by at least 20%
from the financial results reported in the previous corresponding period.


Shareholders of Grindrod are advised that earnings per share (“EPS”) and headline earnings per share (“HEPS”) for the
six months ending 30 June 2022 are both expected to improve by at least 100%, compared to a loss per share of 63.1
cents and HEPS of 0.7 cents for the previous corresponding period.


The information contained in this announcement has not been reviewed nor reported on by the Company’s external
auditors. A further trading statement will be released once there is reasonable certainty on the range of the increase.

By order of the Board
28 June 2022

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.