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. Announces Changes to Board of Directors

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 in the drybulk sector, announced on 16 December 2022 the following
changes to our Board of Directors (the “Board”).

Effective from December 14th 2022, the Board has agreed to expand itself by one additional director and has appointed Mr. Alan
Hatton as an independent, Non-Executive Director of the Company to fill the position. The Board will now consist of a total of ten
members, including seven independent directors.

Mr. Hatton has over 15 years of leadership experience in the maritime industry and is currently Managing Director of Foreguard
Shipping, an owner and operator of vessels in the chemical, offshore and gas sectors. Prior to that, Mr. Hatton was Chief
Executive Officer and the Executive member of the Board of Directors of FSL Trust Management, the Trustee-Manager of FSL
Trust, a Singapore-listed shipping trust.


About Grindrod Shipping

The Company owns and operates a diversified fleet of owned, long-term and short-term chartered-in drybulk vessels in the
handysize and supramax/ultramax segments. The drybulk business, which operates under the brand “Island View Shipping”
(“IVS”) includes a core fleet of 31 vessels consisting of 15 handysize drybulk carriers and 16 supramax/ultramax drybulk carriers.
The Company is based in Singapore, with offices in London, Durban, Tokyo and Rotterdam. The Company is listed on NASDAQ
under the ticker “GRIN” and on the JSE under the ticker “GSH”.

Forward-Looking Statements

The statements in this press release that are not historical facts may be forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies
to provide prospective information about their business. The Company desires to take advantage of the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor
legislation. The forward-looking statements in this press release are based upon various assumptions, including, without
limitation, Grindrod Shipping management's examination of historical trends, data contained in the Company's records and other
data available from third parties. Although the Company believes that these assumptions were reasonable when made, because
these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict
and are beyond the Company's control, the Company cannot assure you that it will achieve or accomplish these expectations,
beliefs or projections. These forward-looking statements involve risks and uncertainties that could cause actual results to differ
materially from those discussed in the forward-looking statements. These risks and uncertainties include, among others, those
discussed in Grindrod Shipping's public filings with the SEC. Except as required by law, Grindrod Shipping undertakes no
obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after
the date of this press release or to reflect the occurrence of unanticipated events.

Responsibility Statement

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

Where any information in this communication has been extracted or reproduced from published or otherwise publicly available
sources or obtained from TMI or the Offeror, the sole responsibility of the directors of the Company has been to ensure, through
reasonable enquiries, that such information has been accurately and correctly extracted from such sources or, as the case may be,

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accurately reflected or reproduced in this communication. The directors of the Company do not accept any responsibility for any
information relating to TMI or the Offeror or any opinion expressed by TMI or the Offeror.



Company Contact:                                               Investor Relations / Media Contact:
Stephen Griffiths                                              Nicolas Bornozis / Paul Lampoutis
Interim CEO / CFO                                              Capital Link, Inc.
Grindrod Shipping Holdings Ltd.                                230 Park Avenue, Suite 1536
200 Cantonment Road, #03-01 Southpoint                         New York, N.Y. 10169
Singapore, 089763                                              Tel.: (212) 661-7566
Email: ir@grindrodshipping.com                                 Fax: (212) 661-7526
Website: www.grinshipping.com                                  Email: grindrod@capitallink.com



By Order of the Board

19 December 2022

Sponsor: Grindrod Bank Limited




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