Declaration of final dividends

Preference dividend

Notice is hereby given that a final dividend of 428 cents per cumulative, non-redeemable, non-participating and non-convertible preference share (2008: 623 cents) has been declared, payable to preference shareholders in accordance with the timetable below.

Ordinary dividend

Notice is hereby given that a final dividend of 30 cents per ordinary share (2008: 68 cents) has been declared, payable to ordinary shareholders in accordance with the timetable below.

Timetable

Last day to trade cum-dividend Friday, 5 March 2010
Shares commence trading ex-dividend Monday, 8 March 2010
Record date Friday, 12 March 2010
Dividend payment date Monday, 15 March 2010

No dematerialisation or rematerialisation of shares will be allowed for the period from Monday, 8 March 2010 to Friday, 12 March 2010, both days inclusive.

The dividends are declared in the currency of the Republic of South Africa.

By order of the board

C A S Robertson
Secretary

17 February 2010

For more information, please refer to our website at www.grindrod.co.za


Directors

I A J Clark* (Chairman), A K Olivier (Group CEO), H Adams*, M R Faku*, W D Geach*, I M Groves*, M J Hankinson*, J G Jones, T J T McClure, R A Norton*, D A Polkinghorne, D A Rennie, A F Stewart, L R Stuart-Hill, S D M Zungu*. *Non-executive

Registered office:

Quadrant House, 115 Margaret Mncadi Avenue, Durban, 4001
PO Box 1, Durban, 4000.
Tel: 031 304 1451

Transfer secretaries:

Computershare Investor Services (Pty) Limited, 70 Marshall Street, Johannesburg, 2001
PO Box 61051, Marshalltown, 2107
Tel: 011 370 5000

Sponsor:

Grindrod Bank Limited, First Floor, Building 3, Northwing, Commerce Square, 39 Rivonia Road, Sandhurt, Sandton, 2146
PO Box 78011, Sandton, 2146

Registration number:

1966/009846/06

Share code:

GND & GNDP

ISIN:

ZAE000072328 & ZAE000071106

Incorporated in the Republic of South Africa