GRINDROD SHIPPING HOLDINGS LIMITED - Grindrod Shipping Holdings Ltd. Announces Fleet Update - Re-delivery of Doric Breeze

Grindrod Shipping Holdings Ltd. Announces Fleet Update - Re-delivery of Doric Breeze

Registered in Singapore with registration number 201731497H
JSE Share code: GSH
ISIN: SG9999019087
Primary listing on NASDAQ Global Select Market
Secondary listing on the JSE Main Board

Grindrod Shipping Holdings Ltd. Announces Fleet Update - Re-delivery of Doric Breeze

Singapore, July 13, 2020: -- Grindrod Shipping Holdings Ltd. (NASDAQ: GRIN) (JSE: GSH) ("Grindrod
Shipping" or "Company" or "it" or "we"), a global provider of maritime transportation services in the drybulk
and product tanker sectors, announced that on July 9, 2020, the Company re-delivered the 2013-built chartered-
in medium range tanker Doric Breeze to her owners at the conclusion of her charter. The vessel had been on
charter to Grindrod Shipping for the past seven years.

About Grindrod Shipping Holdings Ltd.

Grindrod Shipping owns and operates a diversified fleet of owned and long-term and short-term chartered-in
drybulk vessels and product tankers. The drybulk business, which operates under the brand "Island View
Shipping" ("IVS") includes a fleet of 17 handysize drybulk carriers and 14 supramax/ultramax drybulk carriers
on the water with two chartered-in ultramax drybulk carriers under construction in Japan due be delivered between
3Q 2020 and 1Q 2021. The tanker business, which operates under the brand "Unicorn Shipping" ("Unicorn")
includes a fleet of three medium range tankers and one small tanker. The Company is based in Singapore, with
offices in London, Durban, Tokyo, Cape Town and Rotterdam. Grindrod Shipping is listed on NASDAQ under
the ticker "GRIN" and on the JSE under the ticker "GSH".

Forward-Looking Statements

The statements in this press release that are not historical facts may be forward-looking statements. The Private
Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order
to encourage companies to provide prospective information about their business. The Company desires to take
advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including
this cautionary statement in connection with this safe harbor legislation. The forward-looking statements in this
press release are based upon various assumptions, including, without limitation, Grindrod Shipping management's
examination of historical trends, data contained in the Company's records and other data available from third
parties. Although the Company believes that these assumptions were reasonable when made, because these
assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible
to predict and are beyond the Company's control, the Company cannot assure you that it will achieve or
accomplish these expectations, beliefs or projections. These forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from those discussed in the forward-looking
statements. These risks and uncertainties include, among others, those discussed in Grindrod Shipping's public
filings with the SEC. Except as required by law, Grindrod Shipping undertakes no obligation to update publicly
or release any revisions to these forward-looking statements to reflect events or circumstances after the date of
this press release or to reflect the occurrence of unanticipated events.
 Company Contact:                             Investor Relations / Media Contact:
 Martyn Wade / Stephen Griffiths              Nicolas Bornozis / Judit Csepregi
 CEO / CFO                                    Capital Link, Inc.
 Grindrod Shipping Holdings Ltd.              230 Park Avenue, Suite 1536
 200 Cantonment Road, #03-01 Southpoint       New York, N.Y. 10169
 Singapore, 089763                            Tel.: (212) 661-7566
 Email:               Fax: (212) 661-7526
 Website:                Email:

By order of the Board
14 July 2020
Sponsor: Grindrod Bank Limited


Date: 14-07-2020 08:15:00
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