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Fri 27 Feb 2004, 12:22 Directors Share Dealings
Grindrod Limited - Directors Share Dealings 
Release Date: 27/02/2004 12:06:51      Code(s): GND 
GRINDROD LIMITED - DIRECTORS SHARE DEALINGS                                     
GRINDROD LIMITED                                                                
(Registration number: 1966/0009846/06)                                          
Share code: GND                                                                 
ISIN: ZAE000052247                                                              
In accordance with the requirements of paragraph 3.63 to 3.74 of the JSE        
Listings Requirements the following should be noted:                            
1.   Director            :    AF Stewart                                        
Nature of transaction    :    Exercising of share options                       
Nature of interest       :    Indirect beneficial                               
Date, price amount       :    As scheduled below                                
Clearance obtained       :    Yes                                               
Grindrod ordinary shares                                                        
Date Exercised      Option Price   No. of shares                                
25 February 2004    2.66           26 000                                       
2.   Director            :    LR Stuart-Hill                                    
Nature of transaction    :    Exercising of share options                       
Nature of interest       :    Indirect beneficial                               
Date, price amount       :    As scheduled below                                
Clearance obtained       :    Yes                                               
Grindrod ordinary shares                                                        
Date Exercised      Option Price   No. of shares                                
25 February 2004    1.30           95 700                                       
25 February 2004    1.49           20 000                                       
3.   Director            :    IAJ Clark                                         
Nature of transaction    :    Exercising of share options                       
Nature of interest       :    Direct beneficial                                 
Date, price amount       :    As scheduled below                                
Clearance obtained       :    Yes                                               
Grindrod ordinary shares                                                        
Date Exercised      Option Price   No. of shares                                
25 February 2004    1.49           40 000                                       
4.   Director            :    AK Olivier                                        
Nature of transaction    :    Exercising of share options                       
Nature of interest       :    Indirect beneficial                               
Date, price amount       :    As scheduled below                                
Clearance obtained       :    Yes                                               
Grindrod ordinary shares                                                        
Date Exercised      Option Price   No. of shares                                
25 February 2004    1.76           36 800                                       
25 February 2004    1.70           70 000                                       
25 February 2004    1.50           60 000                                       
25 February 2004    1.49           40 000                                       
5.   Director            :    JG Jones                                          
Nature of transaction    :    Exercising of share options                       
Nature of interest       :    Indirect beneficial                               
Date, price amount       :    As scheduled below                                
Clearance obtained       :    Yes                                               
Grindrod ordinary shares                                                        
Date Exercised      Option Price   No. of shares                                
25 February 2004    1.49           20 000                                       
6.   Director            :    WM Grindrod                                       
Nature of transaction    :    Sale of shares                                    
Nature of interest       :    Indirect beneficial                               
Date, price amount       :    As scheduled below                                
Clearance obtained       :    Yes                                               
Grindrod ordinary shares                                                        
Date                Price     No. of shares                                     
25 February 2004    18.70     9 274                                             
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