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Wed 3 Mar 2004, 16:35 DIRECTORS SHARE DEALINGS
GRINDROD LIMITED - DIRECTORS SHARE DEALINGS                                     
  GRINDROD LIMITED                                                                
  (Registration number: 1966/0009846/06)                                          
  Share code: GND          ISIN: ZAE000030805                                     
  In accordance with the requirements of paragraph 3.63 to 3.74 of the JSE        
  Listings Requirements the following should be noted:                            
  1.   Director  :    DA Rennie                                                   
  Nature of transaction         :Purchase 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                           
  2 March 2004        2.90                50 000                                  
  2.   Director  :    LR Stuart-Hill                                              
  Nature of transaction         :Purchase 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                            
  2 March 2004        2.90                10 000                                  
  3.   Director  :    IAJ Clark                                                   
  Nature of transaction         :Sale of shares                                   
  Nature of interest            :Indirect beneficial                              
  Date, price amount            :As scheduled below                               
  Clearance obtained            :Yes                                              
  Grindrod ordinary shares                                                        
  Date Exercised      Option Price        No. of shares                           
  1 March 2004        18.10               1 559 903                               
  2 March 2004        18.08               36 346                                  
  3 March 2004                                                                    
  Date: 03/03/2004 04:29:03 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  
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