Grindrod: Provisional reviewed results and dividend announcement for the year ended 31 December 2020 Grindrod Limited today announced its final financial results for the year ended 31 December 2020. Core Revenue: R4.7 billion Core Earnings: R329 million Cash generated from operations: R871 million Net Debt to Equity (excluding Bank and IFRS 16): 26% Grindrod reported solid results in its core operations, with the Port, Terminals, and Logistics businesses recovering well in the second half of the financial year. The Groups’ agility and execution of connecting supply chains and unlocking trade corridors resulted in robust performance and a trading profit of R1.4 billion from core businesses. The group generated positive cash from operations of R871.1 million (2019: 1 019.2 million). Net debt excluding Grindrod Bank and IFRS 16 lease liabilities is 26% as of 31 December 2020.