StandChart

Johannesburg, 27 March 2012 - Grindrod Limitedhas appointed Standard Chartered Bank as the Sole Financial Advisor on theexpansion project of the Maputo Coal Terminal (TCM) in Mozambique, estimated atUS$800 million. The expansion project will increase the capacity of the port’scoal terminal from an existing output level of 6 million tonnes per annum to 20million over a period of 6 years.