Directorate

Alan Olivier - CA(SA)

Chief Executive Officer - Grindrod Limited

Appointed to the board May 1999. Alan was employed in 1986 in the Shipping division and held senior treasury and financial positions before his appointment as chief executive of Unicorn Shipping in 1995. Alan is a director of local and international subsidiary companies, including Grindrod Bank Limited and is deputy chairman of The United Kingdom Mutual Steamship Assurance Association (Bermuda) Limited.

David Polkinghorne - BCom; MA(OXON)

Chief Executive Officer - Financial Services

Appointed to the board November 2006. Managing director of Grindrod Bank Limited and executive director of all the Financial Services companies. Director of various outside companies where he is involved in the audit, risk and remuneration committees, and trustee of two large charitable trusts which require asset management input. David has been involved in the financial services sector for over 20 years. He has had exposure to all areas of corporate and investment banking and, in particular, has extensive experience in commercial property finance, private equity and corporate finance.

Dave Rennie - Master Mariner

Chief Executive Officer - Ports and Terminals

Appointed to the board October 2002. Director of major local and international subsidiaries and associates, including Ocean Africa Container Lines (Pty) Limited, Oil Tanking Grindrod Calulo (Pty) Limited and Baobab Holdings Limited. Chairman of Maputo Port Development Company and Grindrod Mauritius Limitada. Dave is the current chief executive officer of Grindrod (South Africa) (Pty) Limited, which houses the group's BEE business. He was employed in 1978 and has diverse port, terminal and freight logistics experience.

Tony Stewart - CA(SA)

Chief Executive Officer - Trading

Appointed to the board August 2003. Director of major local and international subsidiary companies within the group. Tony was employed in 2000 as financial manager of Unicorn Shipping and was appointed as group financial manager in 2002, prior to his appointment as group financial director. Tony is the current chief executive officer of the Trading division.

Martyn Wade

Chief Executive Officer - Shipping

Appointed to the board in 2011. Director of major international subsidiary companies. Martyn has 32 years' international shipping experience and has worked for ship owners, operators and brokers. He was a member of the original Baltic Exchange for 10 years.

Andrew Waller - CA (SA)

Group Financial Director

Appointed March 2011. Previously a partner at Deloitte & Touche, Andrew has 15 years public practice experience.

Hylton Gray

Chief Executive Officer - Logistics

Appointed to the executive committee in 2011. Previously Chief Executive Officer for Weiss Rohlig USA, LLC. National Diploma of Financial and Business Management (NDip). Has over 10 years experience in International Freight Forwarding.

Ivan Clark - CA(SA)

Chairman - Non-Executive Director

Non-Executive chairman. Appointed June 1993. Chairman of Grindrod Bank Limited. Ivan was employed by the group in 1977 and held various senior financial and executive positions in the Shipping division. He served as group chief executive officer from 1999 to 2006, after which he was appointed deputy chairman of the group. He was appointed chairman on the retirement of WM Grindrod in 2007. Member of the remuneration/nomination committee.

Hassen Adams - Pr Tech Eng (Civil Engineering)

Non-Executive Director

Independent. Appointed 2000. Consulting Engineer. Deputy chairman of SunWest, Table Bay Hotel and Proman Project Managers. Chairman of ASCH Consulting Engineers. Has diversified business interests in engineering, project management, leisure and gaming.

Walter Geach - (Advocate); LLB; MCom; CA (SA); FCIS

Non-Executive Director

Independent non-executive director. Appointed July 2008. Advocate of the High Court of South Africa, Walter is a senior professor and fellow of the University of KwaZulu-Natal. His areas of specialisation are Financial Accounting, Taxation, Corporate Governance, Business Law and Financial Services. He previously served on the tax committee of the South African Institute of Chartered Accountants KZN and was a technical committee member of the South African Institute of Professional Accountants (SAIPA). He has lectured at the Universities of Cape Town, Natal and Durban-Westville. Walter is a non-executive director of Grindrod Bank Limited, GFS Holdings Limited and Grindrod Financial Holdings Limited. He is the author of a number of books including the Guide to the Companies Act and Regulations and Guide to the Close Corporations Act and Regulations. Member of the audit committee.

Mike Groves - CA(SA)

Non-Executive Director

Independent non-executive director. Appointed August 1986. Non-executive director of Value Group Limited and Grindrod Bank Limited. Mike was managing director of the group from 1986 to 1999 and has many years experience in the shipping industry and in the role as a non-executive director of listed companies. Chairman of the audit committee. Member of the remuneration/nomination committee.

Michael Hankinson - CA(SA)

Non-Executive Director

Independent non-executive director. Appointed December 2009. Chairman of the Spar Group Limited and Brand-Corp Holdings (Pty) Limited. Non-executive director of Apollo Tyres Limited (Delhi), and Illovo Sugar Limited. Mike is a former chief executive of Dunlop Tyres International (Pty) Limited and Romatex Limited. Chairman of the remuneration/nomination committee. Member of the audit Committee.

Sandile Zungu - BSc (Mechanical Engineering); MBA

Non-Executive Director

Appointed December 2009. Chairman of Aflease Gold Limited and non-executive director of Uranium One Africa Limited. Member of the Presidential Advisory Council on Broad-based Black Economic Empowerment and previous director of Barnard Jacobs Mellett Holdings Limited. Sandile established Zungu Investments Company (Pty) Limited in 2000.

Mkhuseli Faku - BA (Law)

Non-Executive Director

Appointed December 2009. Group executive chairman and founder of Calulo Investments (Pty) Limited. Calulo has a 15% equity interest in Grindrod (South Africa) (Pty) Limited. Mkhuseli has extensive experience in the South African oil industry and has served on the boards of the South African Petroleum Industry Association, African Minerals and Energy Forum and World Petroleum Congress (South Africa). He is a non-executive director of Grindrod (South Africa) (Pty) Limited and a director of various Calulo subsidiaries.

Thys Visser - BComm (Hons), CA(SA)

Non-Executive Director

Appointed October 2011. Chief Executive Officer of Remgro Limited, Director of Distell Group Limited, FirstRand Limited, FirstRand Bank Limited, Mediclinic International Limited, PGSI Limited, PG Group Limited Rainbow Chicken Limited (Chairman), RMB Holdings Limited, RMI Holdings Limited and Unilever South Africa Holdings (Pty) Limited.

Jannie Durant - BAcc (Hons), MPhil, CA(SA)

Alternate Director

Appointed October 2011. Chief Investment Officer of Remgro Limited, former Chief Executive Officer of VenFin Limited and currently a director of a number of companies including Capevin Holdings Limited, Capevin Investments Limited, InVenFin (Pty) Limited, Rainbow Chicken Limited, RMB Holdings Limited, Saracens Limited, Tracker Investments Holdings (Pty) Limited and VenFin DD Holdings Limited.