GRINDROD LIMITED - Update regarding the acquisition of the remaining 35% interest in Terminal De Carvao Da Matola Limitada

Update regarding the acquisition of the remaining 35% interest in Terminal De Carvao Da Matola Limitada

GRINDROD LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1966/009846/06)
Ordinary share code: GND and ISIN: ZAE000072328
Preference share code: GNDP and ISIN: ZAE000071106

UPDATE REGARDING THE ACQUISITION OF THE REMAINING 35% INTEREST IN THE SHARE
CAPITAL OF TERMINAL DE CARVAO DA MATOLA LIMITADA – FURTHER EXTENSION OF LONG-
STOP DATE

Unless otherwise defined herein, capitalised words and terms contained in this announcement shall
bear the same meanings ascribed thereto in the announcement published by Grindrod on SENS on 18
September 2024 ("Announcement") and the update announcement published on 27 January 2025
("Update Announcement").

Shareholders are referred to the Initial Announcement and the Update Announcement and are advised
that the Acquisition has not yet received the applicable Mozambican competition authority approval and
that the bank guarantee has not yet been finalised (although the Condition Precedent for the latter has
been partially fulfilled, as set out in the Update Announcement, but requires the Closing Date to have
been determined in order to be finalised).

As such, the Purchaser and Seller have agreed to extend the Long-Stop Date to 19 May 2025.

A further announcement will be published in due course wherein Shareholders will be provided with an
update in respect of the above two remaining Outstanding Conditions.

14 March 2025

Financial Adviser and Transaction Sponsor to Grindrod
Rand Merchant Bank
(A division of FirstRand Bank Limited)

Legal Adviser to Grindrod
Edward Nathan Sonnenbergs Incorporated

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

Date: 14-03-2025 05:30:00
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