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GRINDROD LIMITED — Director's Dealing 2026
Mar 9, 2026
48728_rns_2026-03-09_5190597c-9f72-46e1-afc0-d688116fc248.pdf
Director's Dealing
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GRINDROD
GRINDROD LIMITED
(Incorporated in the Republic of South Africa) (Registration Number: 1966/009846/06)
JSE Code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
("Grindrod")
DEALING IN SECURITIES BY DIRECTORS – ALLOCATION OF FORFEITABLE SHARES
In accordance with paragraphs 6.77 to 6.90 of the JSE Requirements, shareholders are advised that the Chief Executive Officer ("CEO") and Chief Financial Officer ("CFO") of Grindrod were awarded forfeitable shares in terms of Grindrod's forfeitable share plan as set out below:
| Name | Kwazi Mabaso |
|---|---|
| Name of company | Grindrod Limited |
| Designation | CEO |
| Class of security | Forfeitable shares in respect of ordinary shares |
| Nature of transaction | Off market acceptance of forfeitable shares |
| Acceptance date | 06 March 2026 |
| Total number of forfeitable shares awarded^{1} | 417 535 at target and 626 303 at maximum vesting |
| Deemed price per share^{2} | R17.86958 |
| Total value | R7 461 175.09 at target vesting and R11 191 771.56 at maximum vesting |
| Vesting period | Three vesting periods commencing at the end of years three, four and five from the award date |
| Extent of interest | Direct beneficial |
| Clearance to deal obtained | Yes |
| Name | |
| --- | --- |
| Name of company | Grindrod Limited |
| Designation | CFO |
| Class of security | Forfeitable shares in respect of ordinary shares |
| Nature of transaction | Off market acceptance of forfeitable shares |
| Acceptance date | 09 March 2026 |
| Total number of forfeitable shares awarded^{1} | 290 186 at target and 435 279 at maximum vesting |
| Deemed price per share^{2} | R 16.74406 |
| Total value | R4 858 891.80 at target vesting and R7 288 337.69 at maximum vesting |
| Vesting period | Three vesting periods commencing at the end of years three, four and five from the award date |
| Extent of interest | Direct beneficial |
| Clearance to deal obtained | Yes |
1 Maximum vesting is based on 150% achievement of performance criteria, in line with the approved remuneration policy.
2 Deemed price is based on the volume weighted average closing market price of the Grindrod share over the five (5) trading days immediately preceding acceptance date.
09 March 2026
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited