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CANCELLATION OF S469345 Deferment of the payment of the special ordinary dividend

Published: 2022-12-05 11:26:30 ET

GRINDROD LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1966/009846/06)
JSE Code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
(“Grindrod”)


Deferment of the payment of the special ordinary dividend


Shareholders are referred to the announcement in respect of the declaration of a special
ordinary dividend of 55.90000 cents per ordinary share released on SENS on 23 November
2022 (“Declaration Announcement”) subject to the applicable dividends tax levied in terms
of the Income Tax Act (Act 58 of 1962) (as amended).

The Declaration Announcement stated that the special ordinary dividend is subject to
Exchange Control approval by the South African Reserve Bank. Shareholders are now
advised that Exchange Control approval has not been obtained as at the finalisation date of
Monday, 5 December 2022 as set out in the Declaration Announcement and the payment of
the special ordinary dividend has been deferred.

A further announcement setting out updated salient dates for the payment of the special
ordinary dividend will be released once Exchange Control approval has been obtained.



By order of the Board
5 December 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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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.