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Wed 3 Sep 2003, 17:48 Director's dealings
Registration number: 1966/0009846/06)
Share code: GND          ISIN: ZAE000030805
Share code: GNN          ISIN: ZAE000030813
In accordance with the requirements of paragraph 3.63 to 3.74 of the JSE
Listings Requirements the following should be noted:
1.   Director            :    D A Rennie
Nature of transaction    :    Exercising of shares options
Nature of interest       :    Direct beneficial
Date, price amount       :    As scheduled below
Grindrod "N" ordinary shares
Date Exercised      Option Price   No. of shares
26 August 2003      1.50           46 700
                    1.70           26 700
2.   Director            :    W M Grindrod
Nature of transaction    :    Sale of shares
Nature of interest       :    Indirect beneficial
Date, price amount       :    As scheduled below
Grindrod "N" ordinary shares
Date                Price          No. of shares
2 September 2003    7.61           54 555
Date: 03/09/2003 04:59:05 PM Produced by the JSE SENS Department
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