Certain Ordinary Shares of Grindrod Shipping Holdings Ltd. are subject to a Lock-Up Agreement Ending on 22-DEC-2021. These Ordinary Shares will be under lockup for 91 days starting from 22-SEP-2021 to 22-DEC-2021.

Details:
The company's officers, directors and certain shareholders of our ordinary shares have agreed not to sell, offer, contract or grant any option to sell (including any short sale), pledge, transfer, establish an open “put equivalent position” within the meaning of Rule 16a-l(h) under the Securities Exchange Act of 1934, as amended, or otherwise dispose of any ordinary shares, options or warrants to acquire ordinary shares, or securities exchangeable or exercisable for or convertible into ordinary shares currently or hereafter owned either of record or beneficially, or publicly announce an intention to do any of the foregoing for a period of 60 days after the date of this prospectus without the prior written consent of Jefferies LLC.This restriction terminates after the close of trading of the ordinary shares on the 60th day after the date of this prospectus; provided, however that this restriction terminates after the close of trading of the ordinary shares on the 45th day after the date of this prospectus for Industrial Partnership Investments (Pty) Ltd.