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Fri 10 Dec 2004, 14:28 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                      :    TJT McClure                             
Nature of transaction              :    Exercise of share options               
Nature of interest                 :    Indirect beneficial                     
Date, price amount                 :    As scheduled below                      
Clearance obtained                 :    Yes                                     
Class of Security                  :   Grindrod ordinary shares                 
Date exercised                          Option Price        No. of shares       
10 December 2004                        R1,30               170 000
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