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Thu 16 Feb 2006, 17:15 Grindrod Limited - Private Placement And Issue Of
GND   GNDP
 GND                                                                             
Grindrod Limited - Private Placement And Issue Of Preference Shares             
Grindrod Limited                                                                
(Registration number: 1966/0009846/06)                                          
Share code: GND & GNDP                                                          
ISIN: ZAE000072328 & ZAE000071106                                               
PRIVATE PLACEMENT AND ISSUE OF PREFERENCE SHARES                                
Ordinary and preference shareholders of Grindrod are advised that the company   
has successfully placed a further 2 500 000 cumulative, non-redeemable, non-    
participating preference shares of 0.031 cents each, with investors for a total 
consideration of R276 350 000.  The preference shares have been allotted to the 
successful investors today and will be listed in the "Specialist Securities -   
Preference Shares" sector of the JSE Limited on Friday, 17 February 2006, under 
the JSE Code GNDP and ISIN number ZAE000071106.                                 
16 February 2006                                                                
Sponsor                                                                         
Exchange Sponsors (Pty) Limited                                                 
Date: 16/02/2006 05:15:03 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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