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Mon 3 Nov 2003, 17:08 FURTHER CAUTIONARY ANNOUNCEMENT
Grindrod Limited - Further Cautionary Announcement                              
GRINDROD LIMITED                                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1966/0009846/06)                                          
("Grindrod")                                                                    
(JSE Code: GND & ISIN Code: ZAE000030805)                                       
(JSE Code: GNN & ISIN Code: ZAE000030813)                                       
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Shareholders are referred to the cautionary announcement dated 19 September 2003
and are advised that negotiations are still in progress, which if successfully  
concluded may have a material effect on the price of the company"s securities.  
Accordingly, shareholders are advised to continue exercising caution when       
dealing in the company"s securities until a full announcement is made.          
Durban                                                                          
3 November 2003                                                                 
SPONSOR                                                                         
EXCHANGE SPONSORS (PTY) LIMITED                                                 
(Registration number: 1999/024433/07)                                           
Date: 03/11/2003 05:05:02 PM Supplied by www.sharenet.co.za                     
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