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Tue 16 Mar 2004, 15:07 DIRECTORS SHARE DEALINGS
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            :    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                                     
  15 March 2004       18.50     43 185                                            
  15 March 2004       18.55     5 455                                             
  15 March 2004       18.60     49 045                                            
  15 March 2004       18.70     1 364                                             
  2.   Director            :    JG Jones                                          
  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                                     
  15 March 2004       18.70     20 000                                            
  15 March 2004       18.85     10 000                                            
  15 March 2004       18.55     10 000                                            
  16 March 2004       18.50     10 000                                            
  3.   Director            :    IM Groves                                         
  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                                
  15 March 2004       18.55          10 068                                       
  15 March 2004       18.55          45 000                                       
  15 March 2004       18.65          6 900                                        
  Date: 16/03/2004 02:56:27 PM Produced by the JSE SENS Department
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