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Thu 3 Mar 2005, 10:23 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                      :    L R Stuart-Hill                         
Nature of transaction         :    Exercise of share option                
     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 2005        R2,90               10 000                                  
2.   Director                      :    T J T McClure                           
Nature of transaction         :    Exercise of share option                
     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 2005        R2,90               20 000                                  
3.   Director                      :    J G Jones                               
Nature of transaction         :    Exercise of share option                
     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 2005        R2,90          30 000                                       
4.   Director                      :    A F Stewart                             
Nature of transaction         :    Exercise of share option                
     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 2005             R2,66          26 000                                  
5.   Director                      :    D A Rennie                              
Nature of transaction              :    Exercise of share option                
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 2005             R2,90          26 000                                  
6.   Director                      :    R A Young                               
Nature of transaction         :    Exercise of share option                
     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 2005             R2,90          38 000
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