Enhanced Investments - Financial Portal

Trading Statement

Published: 2024-02-27 09:30:48 ET

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

TRADING STATEMENT

In terms of paragraph 3.4(b)(i) of the Listings Requirements of the JSE Limited (“JSE”), listed 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.


Accordingly, shareholders of Grindrod are advised that Grindrod expects the results for the year ended 31 December
2023 (“FY 2023”) to be as follows:


                                 2023 Range            2022 Reported Range represents:
 Earnings per share              145.0 cents and       90.1 cents        Increase of between 61 percent and 68 percent
                                 151.0 cents
 Headline earnings per share     148.7 cents and       128.9 cents       Increase of between 15 percent and 20 percent
                                 154.7 cents
 Earnings per share from         145.0 cents and       116.4 cents       Increase of between 25 percent and 30
 continuing operations *         151.0 cents                             percent
 Headline earnings per share     148.7 cents and       111.5 cents       Increase of between 33 percent and 39
 from continuing operations *    154.7 cents                             percent
 Headline earnings per share     200.7 cents and       158.5 cents       Increase of between 27 percent and 30
 from core operations ^          206.7 cents                             percent

*       Continuing operations include all segments except for Grindrod Bank, which was disposed of on 1 November
        2022.
^       Core operations consist of the Port and Terminals, Logistics and Group segments.

The financial information on which this trading statement is based has not been reviewed nor reported on by Grindrod’s
external auditors.

Grindrod will release its FY 2023 results on the JSE’s Stock Exchange News Service on or about Thursday, 7 March
2024.


27 February 2024
Durban


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.