Enhanced Investments - Financial Portal

Changes to the board

Published: 2022-10-25 16:55:25 ET

GRINDROD BANK LIMITED
(Registration no 1994/007994/06)
Incorporated in the Republic of South Africa
JSE alpha code: GNDI
(“Grindrod Bank”)

CHANGES TO THE BOARD

In terms of paragraph 6.39 of the JSE Limited Debt Listings Requirements, noteholders are advised of
the resignation of Mr PW Bester as Company Secretary with effect from 24 October 2022. Mr Bester
had been contracted over a two-year period as Company Secretary and to mentor a successor to the
position of Company Secretary of Grindrod Bank. This role has now been completed succesfullly.

Noteholders are further advised that, following Board approval and approval by the Prudential
Authority, the Deputy Company Secretary, Ms P Kasaven has been appointed as Company Secretary
of Grindrod Bank and Grindrod Financial Holdings Limited with effect from 24 October 2022.

The Board wishes to thank Mr Bester for fulfilling his role as Company Secretary over the past two
years while mentoring a successor for the role as Company Secretary of Grindrod Bank.

The Board welcomes Ms P Kasaven as Company Secretary and looks forward to working with her. The
Board wishes her every success in the position.

25 October 2022

Debt 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.