Disclosure of changes in Beneficial Interests in Securities

Grindrod Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/009846/06)
Share code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
("Grindrod" or the "Company")


DISCLOSURE OF CHANGES IN BENEFICIAL INTERESTS IN SECURITIES

In compliance with section 122(3)(b) of the Companies Act, No. 71 of 2008 (as amended) (the "Companies
Act") and paragraph 3.83(b) of the Listings Requirements of the JSE Limited ("JSE"), shareholders are hereby
advised that Grindrod has received formal notification from:

    –   36ONE Asset Management (Pty) Limited ("36ONE") that 36ONE has, in the aggregate, acquired an
        interest in the ordinary shares of the Company, such that the total beneficial interest in the ordinary
        shares of the Company held by 36ONE now amounts to 15.37% of the total number of ordinary shares
        in issue; and
    –   the Public Investment Corporation SOC Limited ("PIC") that the PIC has, in the aggregate, disposed
        an interest in the ordinary shares of the Company, such that the total beneficial interest in the ordinary
        shares of the Company held by the PIC now amounts to 17.910% of the total number of ordinary
        shares in issue.

The board of directors of Grindrod ("Board") accepts responsibility for the information contained in this
announcement and confirms that, to the best of their knowledge and belief, such information is true and this
announcement does not omit anything likely to affect the importance of such information. The Board has relied
on the accuracy of the information contained in each of the notifications received from 36ONE and the PIC in
making this statement.

Grindrod, as required by section 122(3)(a) of the Companies Act, has filed the required notices with the
Takeover Regulation Panel.


18 July 2025

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 18-07-2025 02:15:00
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