Enhanced Investments - Financial Portal

Announcement in respect of Grindrod's non-core asset financing private equity investment

Published: 2024-02-02 18:40:22 ET

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


ANNOUNCEMENT IN RESPECT OF GRINDROD’S NON-CORE ASSET FINANCING PRIVATE EQUITY
INVESTMENT

Grindrod has a 35.07% interest in the asset financing business Mokoro Holding Company Proprietary
Limited (“Mokoro”). This investment forms part of Grindrod’s non-core private equity portfolio and is
measured by the group at fair value.

Shareholders are referred to the announcements released on SENS on 01 February 2024 by Martius (RF)
Limited and Redink Rentals (RF) Limited, who are funders of Mokoro subsidiaries, Bridge Taxi Finance No
8 (RF) Proprietary Limited and Bridge Taxi Finance No 6 (RF) Proprietary Limited, relating to an event of
default. Grindrod is not a guarantor to the funding arrangements in place. Grindrod continues to consider
the fair value impact thereof on its investment.



02 February 2024

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

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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.