Enhanced Investments - Financial Portal

Change in shareholding notification

Published: 2022-10-18 09:01:23 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”)



                      CHANGE IN SHAREHOLDING NOTIFICATION



In accordance with section 122(3)(b) of the Companies Act 71 of 2008 (“the Act”) and section
3.83(b) of the JSE Limited Listings Requirements, holders of ordinary shares in the Company
are advised that Remgro Limited (“Remgro”) has disposed of a beneficial interest in the
ordinary shares of the Company, such that the total beneficial interest in the ordinary shares
held by Remgro now amounts to 0% of the total number of Grindrod ordinary shares in issue.

Shareholders are referred to announcements released on 26 September 2022 and
28 September 2022 regarding the distribution of Remgro’s shareholding in Grindrod to
Remgro shareholders.

Grindrod hereby confirms that it has received the required notice from Remgro in terms of
section 122(3)(a) of the Act and that it has filed the required notices with the Takeover
Regulation Panel.

18 October 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

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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.

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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.