Annual Financial Statements

Annual Integrated Report

Bond Programme

In October 2012, Grindrod Bank issued its inaugural bond on the Johannesburg Securities Exchange (JSE).

Grindrod Bank initially raised R500m under a Domestic Medium Term Note Programme (DMTNP) and has the capacity to issue further amounts of up to R1billion under the programme. The initial note was for a period of 3 years and has a yield linked to the 3 month Johannesburg Interbank Agreed Rate (3m JIBAR). Please refer below to find the latest Information Statement.

Corporate Governance

Grindrod Bank is steadfast in its commitment to upholding high standards of corporate governance and ethics practices. Good corporate governance is a key component of our culture, behaviour and is consistent with our core values.

Our corporate governance is supported by an ethos of accountability & ethics. We are dedicated to doing business in an ethical and transparent manner. This requires having a long-term vision and corporate governance structure that supports our business and meets the needs of our stakeholders. We accomplish this by focusing on integrity, transparency and timely communication; implementing clear processes; and following internal policies & procedures that enable us to operate in the best interests of all our stakeholders, and which comply with applicable South African corporate governance requirements.

Should you wish to lodge a complaint, please download and complete this Complaints Form and submit to: [email protected]

CREDIT RATING REPORT

As of 30 July 2021, GCR Ratings (“GCR”) has affirmed the national scale long- and short-term issuer ratings assigned to Grindrod Bank Limited at ‘A-(ZA)’ and ‘A2(ZA)’ respectively; and affirmed the international scale long-term issuer rating at ‘B+’ with outlooks accorded as Stable.

PUBLIC DISCLOSURE IN TERMS OF REGULATION 43 OF THE BANKS ACT

Grindrod Financial Holdings Limited and Grindrod Bank Limited are required in terms of Regulation 43 of the Regulations relating to Banks, as well as in accordance with the Basel Committee on Banking Supervision (BCBS) revised Pillar 3 disclosure requirements and the Prudential Authority (PA), Directive 1 of 2019, to publicly report on their capital management plan, capital strategy, capital structure, capital adequacy ratio, leverage and liquidity ratios, all of which are disclosed in the 2021 year end report.

Grindrod Bank's risk governance framework is fully disclosed in its 2021 Annual Financial Statements and Integrated Report available on the website or from the Company Secretary.

SENS