GNDE - GRINDROD LIMITED - Summary comparison of certain NASDAQ and JSE listings requirements

28/05/2018 15:30:00

GND GNDP 201805280043A
Summary comparison of certain NASDAQ and JSE listings requirements

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: ZAE 000071106
(“Grindrod” or “the Company”)


The ordinary shareholders and preference shareholders of Grindrod (collectively, “Shareholders”) are
referred to the circular to Shareholders, posted on Monday, 7 May 2018 (“Circular”) detailing, inter alia, the
terms of the proposed primary listing of Grindrod Shipping Holdings Limited (“Grindrod Shipping”) ordinary
shares on the NASDAQ Global Select Market (“NASDAQ”) and their secondary inward listing on the main
board of the exchange operated by the JSE Limited (“JSE”).

As outlined in paragraph 3 of the Circular, the Company committed to providing a comparison of certain
requirements of NASDAQ and the JSE which is now immediately available on the Company's website: The comparison compares certain of the listing requirements for primary listings on the
NASDAQ (as they relate to foreign private issuers such as Grindrod Shipping) and the JSE.

This comparison information is in summary form only and does not contain the details of all of the
differences between the NASDAQ and JSE requirements for primary listings, nor all of the listing
requirements of either exchange. To the extent that NASDAQ requirements defer to other regulations
applicable to Grindrod Shipping, as a foreign private issuer incorporated in the Republic of Singapore,
certain summary information is provided as to the applicable laws and compliance by Grindrod Shipping.

28 May 2018

Transaction Sponsor
Rand Merchant Bank, a division of FirstRand Bank Limited

Corporate Sponsor
Grindrod Bank Limited

Date: 28/05/2018 03:30:00 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
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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.

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