Grindrod Limited (JSE:GND) News - Dealing in securities by directors – allocation of forfeitable shares GRINDROD LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 1966/009846/06) JSE Code: GND & GNDP ISIN: ZAE000072328 & ZAE000071106 (“Grindrod” or "the Company") DEALING IN SECURITIES BY DIRECTORS – ALLOCATION OF FORFEITABLE SHARES In accordance with paragraph 3.63 to 3.74 of the JSE Listings Requirements, shareholders are advised that the following executive directors of Grindrod were awarded forfeitable shares in terms of Grindrod’s forfeitable share plan as set out below: Name of executive director : Xolani Mbambo Name of company : Grindrod Limited Designation : Executive Director and Chief Executive Officer of Freight Services Acceptance date : 08 March 2022 Total Number of forfeitable shares awarded : 400 000 Price per share : R5.51 (volume weighted average) : R5.70 (high) : R5.40 (low) Total value : R2 204 000.00 Vesting period : Three vesting periods commencing at the end of years three, four and five from the award date Nature of transaction : Direct beneficial Name of executive director : Fathima Ally Name of company : Grindrod Limited Designation : Chief Financial Officer Acceptance date : 08 March 2022 Total Number of forfeitable shares awarded : 300 000 Price per of share : R5.49 Total value : R1 647 000.00 Vesting period : Three vesting periods commencing at the end of years three, four and five from the award date Nature of transaction : Direct beneficial The above transactions took place on market. Clearance to trade has been obtained in terms of section 3.66 of the JSE Listings Requirements. Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited 9 March 2022 Date: 09-03-2022 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.