Grindrod completes acquisition of remaining TCM share capital

Grindrod Limited (JSE:GND) announced today, May 19, 2025, that it has successfully fulfilled all conditions precedent relating to the acquisition of the remaining 35% interest in the share capital of TCM. This allows the closing of the Acquisition to proceed. Rand Merchant Bank, a division of FirstRand Bank Limited, served as the financial advisor and transaction sponsor to Grindrod. Edward Nathan Sonnenbergs Incorporated acted as legal advisor. Nedbank Corporate and Investment Banking, a division of Nedbank Limited, is the sponsor to Grindrod. This announcement refers to the previous announcements published on SENS on 18 September 2024 and the update announcements published on 27 January 2025 and 14 March 2025.