Enhanced Investments - Financial Portal

Grindrod Shipping Holdings Ltd. Announces Disclosure Update

Published: 2024-01-26 15:30:41 ET

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 Disclosure Update

On 26 January 2024, 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, provided the following update.

As previously announced, Taylor Maritime Investments Limited (LON: TMI) (“TMI”), through a wholly-owned
subsidiary, has acquired approximately 83.23% of the outstanding shares of Grindrod Shipping Holdings Ltd.
(NASDAQ: GRIN) (JSE: GSH) (“Grindrod Shipping”). TMI publishes from time to time annual and quarterly financial
information as well as other important information concerning its business on the London Stock Exchange website,
TMI’s website (https://taylormaritimeinvestments.com) and elsewhere. Such information may include financial and
other information concerning Grindrod Shipping. For example, today, TMI published a quarterly NAV announcement
and trading update, factsheet and investor presentation on the London Stock Exchange and its website which
included information regarding Grindrod Shipping. Such information is not included as part of, or incorporated by
reference in, this 6-K or any of Grindrod Shipping’s public filings or press releases.

TMI’s quarterly NAV announcement referenced above notes that the blended net time charter equivalent (“TCE”)
across the TMI and Grindrod Shipping fleet increased c.15% to an average TCE rate of US$11,977 per day for the
quarter. At quarter end, the combined average TCE was US$11,996 per day (versus US$10,695 at September 30,
2023).

Overall, the combined Handysize fleet and Supra/Ultramax fleet outperformed the Company's benchmark indices
by c.US$1,896 per day (22%) and c.US$2,734 per day (24%), respectively, for the 2023 calendar year. TMI uses
adjusted BHSI and BSI Time Charter Average (“TCA”) figures net of commissions and weighted according to average
dwt of the Group's combined Handysize and Supra/Ultramax fleets, respectively.

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”.
Company Contact: Investor Relations / Media Contact:
Edward Buttery CEO
Grindrod Shipping Holdings Ltd. Grindrod Shipping Holdings Ltd.
1 Temasek Avenue, #10-02 Millenia Tower 1 Temasek Avenue, #10-02 Millenia Tower
Singapore, 039192 Singapore, 039192
Email: ir@grindrodshipping.com Email: ir@grindrodshipping.com
Website: www.grinshipping.com Website: www.grinshipping.com

By order of the Board
26 January 2024
Sponsor: Grindrod Bank 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.