Update on the Category 2 transaction announcement: divestment from NWK Limited (“NWK”) by Grindrod Grindrod Limited (Incorporated in the Republic of South Africa) (Registration number 1966/009846/06) Share code: GND & GNDP ISIN: ZAE000072328 & ZAE 000071106 (“Grindrod” or “the Company”) UPDATE ON THE CATEGORY 2 TRANSACTION ANNOUNCEMENT: DIVESTMENT FROM NWK LIMITED (“NWK”) BY GRINDROD Shareholders are referred to the announcements released on SENS on 2 September 2019 and 10 September 2019 relating to the divestment from NWK by Grindrod, through its wholly owned subsidiary Grindrod Trading Holdings Proprietary Limited for an aggregate disposal consideration of R204 072 848 (two hundred and four million seventy-two thousand eight hundred and forty-eight Rand) (the “Sale”). Shareholders are hereby advised that all of the Sale Conditions Precedent were fulfilled and on 18 September 2019 the Agreement was implemented. 18 September 2019 Sponsor Grindrod Bank Limited Legal Advisor to Grindrod Edward Nathan Sonnenbergs Incorporated Date: 18/09/2019 11:00:00 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.