Exhibit 99.1
GRINDROD SHIPPING HOLDINGS LTD.
ABBREVIATED NAME: GRINSHIP
Registered in Singapore with registration number 201731497H
JSE Share code: GSH
ISIN: SG9999019087
Primary listing on NASDAQ Global Select Market
Secondary listing on the JSE Main Board
Grindrod Shipping Holdings Ltd. (the “Company”): Beneficial interests in the ordinary shares of the Company
The Company has received notice from Grindrod Limited that on 23 September 2021, it has disposed of its entire interest, consisting of 1,841,962 ordinary shares in the Company, which represents 9.60% of the 19,185,352 ordinary shares in issue (excluding 124,672 treasury shares) on 23 September 2021. This is in line with Grindrod Limited’s commitment to reduce investments that are “non-core” to its current business strategy.
By order of the Board
28 September 2021
Sponsor: Grindrod Bank Limited