Grindrod Shipping Holdings Ltd. Announces Declaration and Finalisation Announcement in Respect of the Selective Capital Reduction and the Cash Distribution

1 INTRODUCTION As previously announced by the Company in a press release issued on 17 July 2024, the High Court of the Republic of Singapore approved the Selective Capital Reduction on Tuesday, 16 July 2024. Accordingly, the Company wishes to provide the following updates regarding the Selective Capital Reduction. 2 EFFECTIVE DATE 3 SUSPENSION OF TRADING – NASDAQ Participating Shareholders who hold Shares listed on Nasdaq as at the Effective Date shall be entitled to receive the Cash Distribution of US$14.2 ...