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Mon 31 Oct 2005, 10:57 Deutsche Bank AG - Grindrod Limited Warrants Amend
Deutsche Bank AG - Grindrod Limited Warrants Amendment Notice                   
Deutsche Bank AG                                                                
(incorporated under the law of the Federal Republic of Germany)                 
acting through its London branch                                              
GRINDROD LIMITED WARRANTS AMENDMENT NOTICE                                      
Holders of the Warrants below are referred to the notice to shareholders of     
Grindrod Ltd, regarding the Grindrod Ltd corporate action.                      
Please note that in respect of the earlier announcement, the expiry date for    
GNDDBA (ISIN ZAE000073227) is 21 July 2006.                                     
The above adjustments will be made from the start of trading on 31 October 2005.
The effects of the adjustments will place the holders in the same position, had 
the corporate action not taken place.                                           
For further information contact Deutsche Securities (Pty) Limited, 3 Exchange   
Square, 87 Maude Street, Sandton: (Jani Bak - Tel (011) 775-7283 or e-mail      
jani.bak@db.com)                                                                
Date: 31/10/2005 10:57:03 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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