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.
                                            DEALING DISCLOSURE

Singapore, October 17, 2022: — 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, today made the following announcement.

1.        Introduction

          The Board of Directors (“Board”) of Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH)
          (the “Company”) refers to the Joint Announcement by the Company, Taylor Maritime Investment
          Limited (LSE: TMI.L) (“TMI”) and Good Falkrik (MI) Limited (the “Offeror”) on 12 October 2022 in
          relation to the voluntary conditional cash offer by the Offeror to acquire all the issued ordinary shares in
          the capital of the Company (“Shares) other than Shares held by the Offeror and Shares in treasury.

2.        Dealings by an Associate

          Pursuant to Rule 12.1 of the Singapore Code on Take-overs and Mergers and based on information
          received by the Company on 14 October 2022 from PSG Asset Management Pty Ltd (“PSG”), an
          associate of the Company, the Company wishes to announce the following dealing in shares by PSG on
          7 October 2022 (the “Dealing”):

              Date of           Nature of             Number of               Dealing Price                  Consideration
              Dealing            Dealing               Shares                    (ZAR)                      Received (ZAR)
             7 October            Sale                 146,523              428.8271 per Share               62,833,033.17
               2022

          Based on the above information received by the Company, after the Dealing reported above, PSG holds
          1,773,943 Shares representing approximately 9.34 per cent. of the total Shares in issue1.

3.        Responsibility Statement

          The directors of the Company (including those who may have delegated detailed supervision of this
          announcement) have taken all reasonable care to ensure that the facts stated and all opinions expressed
          herein are fair and accurate and that no material facts have been omitted from this announcement, the
          omission of which would make any statement in this announcement misleading, and they jointly and
          severally accept responsibility accordingly.

          Where any information has been extracted or reproduced from published or otherwise publicly available
          sources or obtained from PSG or the Offeror, the sole responsibility of the Directors has been to ensure,


1    The percentage shareholding is computed based on a total of 18,996,673 Shares (excluding treasury Shares) as at 7 October 2022 and
     rounded to the nearest two decimal places.
        through reasonable enquiries, that such information is accurately extracted from such sources or, as the
        case may be, accurately reflected or reproduced herein.


By Order of the Board

17 October 2022

Sponsor: Grindrod Bank Limited