Grindrod Limited (JSE:GND) News - Distribution of circular and notice of General Meeting GRINDROD LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 1966/009846/06) Ordinary share code: GND and ISIN: ZAE000072328 ("Grindrod" or "the Company") DISTRIBUTION OF CIRCULAR AND NOTICE OF GENERAL MEETING IN RESPECT OF THE PROPOSED DISPOSAL OF 100% OF THE ISSUED ORDINARY SHARES GRINDROD LIMITED HOLDS IN GRINDROD FINANCIAL HOLDINGS LIMITED ("GFH") AND 100% OF THE PREFERENCE SHARES IT HOLDS IN GRINDROD BANK LIMITED ("GRINDROD BANK") Shareholders are referred to the announcement published on the Stock Exchange News Service ("SENS") on 26 May 2022, wherein they were advised that Grindrod has entered into an agreement with African Bank Limited ("African Bank") in terms of which: - Grindrod will dispose of 100% of the issued ordinary shares it holds in GFH, the holder of all the ordinary shares in Grindrod Bank; and - Grindrod will dispose of 100% of the preference shares it holds in Grindrod Bank, ("Proposed Disposal") Shareholders are advised that a copy of the circular relating to the Proposed Disposal ("Circular") incorporating a notice of meeting of Grindrod ordinary and preference shareholders ("General Meeting") is available on the Company’s website at: https://www.grindrod.com/investor-proposition/shareholder-documents#circulars-and-notices and will be distributed to Grindrod shareholders today, Friday, 22 July 2022. The General Meeting convened in terms of the Notice of General Meeting will be held entirely electronically at 10:00 on Tuesday, 23 August 2022, for the purpose of considering and, if deemed fit, passing, with or without modification, the ordinary resolutions required to be approved by shareholders in order to approve the Proposed Disposal. The salient dates and times relating to the Circular and the General Meeting are set out below. The definitions and interpretations commencing on page 5 of the Circular have been used in this salient dates and times section. 2022 Record date in order to determine which Grindrod Shareholders are eligible to receive Friday, 15 July the Circular and Notice of General Meeting Circular and Notice of General Meeting posted to Grindrod Shareholders and notice Friday, 22 July convening the General Meeting released on SENS on Last day to trade in order to be eligible to participate in and vote at the General Monday, 8 August Meeting Record date in order to be eligible to participate in and vote at the General Meeting Friday, 12 August Last day to lodge Forms of Proxy and/or Electronic Participation Application Forms Friday, 19 August and/or letters of representation for the General Meeting with the Transfer Secretaries and/or TMS (as the case may be), for administrative purposes, by 10:00 on (see Note 3 below) General Meeting held entirely electronically at 10:00 on Tuesday, 23 August Results of the General Meeting released on SENS on Tuesday, 23 August Notes 1. All dates and times are local dates and times in South Africa and are subject to change. Any changes will be announced through SENS. 2. Grindrod Shareholders are referred to page 2 of the Circular for information on the action required to be taken by them. 3. A Shareholder or its CSDP or Broker may submit a Form of Proxy and/or an Electronic Participation Application Form and/or letter of representation to the Transfer Secretaries and/or TMS (as the case may be), at any time before the commencement of the General Meeting before the appointed proxy exercises any of the relevant shareholder rights at the General Meeting. 4. If the General Meeting is adjourned or postponed, Forms of Proxy and Electronic Participation Application Forms submitted for the initial General Meeting will remain valid in respect of any adjournment or postponement of the General Meeting. 5. The Circular is available in English only and copies thereof may be obtained at the Company’s Registered Office between 09:00 and 17:00 or from the Company Secretary by emailing Vicky.Commaille@grindrod.com or from the Transaction Sponsor, by emailing sponsorteam@rmb.co.za between Friday, 22 July 2022 and Tuesday, 23 August 2022, both days inclusive. Durban 22 July 2022 Financial Advisor and Transaction Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 22-07-2022 02:00:00 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.