Notice in terms of Section 45(5) of the Companies Act, No. 71 of 2008 (the Act)
(Incorporated in the Republic of South Africa)
(Registration Number: 1966/009846/06)
JSE Code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
(“Grindrod” or "the Company")
NOTICE IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT, NO. 71 OF 2008 (the
On 31 May 2018, the shareholders of Grindrod approved a special resolution authorising the
board of directors of Grindrod (“the Board”) to provide financial assistance to related and inter-
The Board has, pursuant to the above authorisation at a board meeting held on
22 August 2018 and 5 March 2018 and in accordance with section 45 of the Act, resolved to
provide guarantees to related and inter-related companies, to secure the banking facilities
required by such companies.
The total financial assistance provided to related and inter-related companies in terms of
resolutions passed by the Board during the current financial year exceeds one-tenth of one
per cent of Grindrod’s net worth.
Should shareholders have any queries, please contact the group company secretary.
6 March 2019
Sponsor: Grindrod Bank Limited
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