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Thu 8 May 2003, 16:37 Grindrod Limited - Directors Share Dealings
GRINDROD LIMITED - DIRECTORS SHARE DEALINGS                                     
(Registration number: 1966/0009846/06)                                          
ISIN:           ZAE000030805                                                    
JSE Share code: GND                                                             
In accordance with the requirements of paragraph 3.72 and 3.75 of the JSE       
Listings Requirements the following should be noted:                            
1.   Director  :              DA Rennie                                         
Nature of transaction    :    Exercising of share options                       
Nature of interest  :         Direct beneficial                                 
Date, price amount  :         As scheduled below                                
Grindrod `N" ordinary shares                                                    
Date           Price          No. of shares                                     
8 May 2003     1.50           40 000                                            
2.   Director  :              IAJ Clark                                         
Nature of transaction    :    Exercising of share options                       
Nature of interest  :         Direct beneficial                                 
Date, price amount  :         As scheduled below                                
Grindrod `N" ordinary shares                                                    
Date           Price          No. of shares                                     
8 May 2003     1.50           20 000                                            
Sponsor                                                                         
Exchange Sponsors (Pty) Limited
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