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Wed 15 Dec 2004, 11:23 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                 :    IAJ Clark                                    
Nature of transaction    :    Exercise 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                           
     14 December 2004    R1,49          40 000                                  
2.   Director                 :    LR Stuart-Hill                               
Nature of transaction    :    Exercise 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                           
     14 December 2004    R1,49          20 000                                  
3.   Director                 :    JG Jones                                     
Nature of transaction    :    Exercise 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                           
     14 December 2004    R1,49          20 000                                  
4.   Director                 :    AK Olivier                                   
Nature of transaction    :    Exercise 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                           
     14 December 2004    R1,49          40 000                                  
15 December 2004                                                                
Date: 15/12/2004 11:21:04 AM                    
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