Grindrod Shipping | Taylor Maritime

Terms of Access Agreement and Disclaimers

Due to legal restrictions, the contents of the following web pages may not be accessed by persons who are located in the United States, Canada, Japan, Australia or the Republic of South Africa or residents in any EU Member State (other than any EU Member State where Taylor Maritime Investments Limited’s (the “Company’s”) shares are legally marketed) or in any other country where the offer of the securities to the public is not taking place.

The contents of this website is only directed at persons who (i) if they are within the United Kingdom, fall within Articles 49(2)(a) to (d) or 19(5) of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 or are persons to whom the shares in the Company may otherwise lawfully be offered under such Order and/or persons who are a “professional client” or an “eligible counter party” within the meaning of Chapter 3 of the FCA’s Conduct of Business Sourcebook, or (ii) if they are receiving the prospectus relating to the Company contained in this website (the “Prospectus”) in circumstances under which the laws or regulations of a jurisdiction other than the United Kingdom would apply, are persons to whom the shares described in the Prospectus may be lawfully offered under that other jurisdiction’s laws and regulations (“Relevant Persons”).

The promotion of shares in the Company is restricted under, together, Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers as implemented in the UK, Commission delegated regulation (EU) No 231/2013 as amended and transposed into the laws of the UK pursuant to the European Union (Withdrawal) Act 2018 and the European Union (Withdrawal Agreement) Act 2020 and any secondary legislation, rules, regulations and procedures made pursuant thereto (in each case as amended and transposed into the laws of the UK pursuant to the European Union (Withdrawal) Act 2018 and the European Union (Withdrawal Agreement) Act 2020), The Alternative Investment Fund Managers Regulations 2013 (as amended by The Alternative Investment Fund Managers (Amendment etc.) (EU Exit) Regulations 2019) and the Investment Funds Sourcebook forming part of the FCA Handbook (the “UK AIFM Regime”) and, consequently, information contained on the pages that follow is only directed at persons to whom shares in the Company may lawfully be marketed pursuant to the UK AIFM Regime.

If you are not a Relevant Person, you should not access or view this website and take no further action. Any investment or investment activity to which this website relates is only available to Relevant Persons. By accessing or viewing this website, each user is deemed to confirm, represent and warrant to the Company that it is a Relevant Person and accordingly a person to whom this the contents of this website can be lawfully communicated.

The Company has not been, and will not be, registered under the United States Investment Company Act of 1940, as amended, (the “US Investment Company Act”), and investors will not be entitled to the benefits of the US Investment Company Act. The shares of the Company have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”), or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered, sold, exercised, resold, transferred or delivered, directly or indirectly, in or into the United States or to or for the account or benefit of any US Person (within the meaning of Regulation S under the US Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction in the United States. There has been and will be no public offer of the Shares in the United States.

While the Company has taken reasonable care to ensure that the information on this website (other than information accessed by hyperlink) is accurate at the time of last revision of the website, the Company accepts no liability for the accuracy or completeness or use of, nor any liability to update, the information contained on this website. The contents of this website should not be construed as the giving of advice or the making of a recommendation and should not be relied on as the basis for any decision or action. In particular, actual results and developments may be materially different from any forecast, forward-looking statement, opinion or expectation expressed on this website.

None of the information contained on the following pages nor any copy thereof may be taken or transmitted in or into the United States or distributed, directly or indirectly, in or into the United States. Persons present in the United States of America are not permitted to access this section of the website and should exit it immediately.

By clicking the “SUBMIT” button below you (i) certify that you are not located in the United States or a US Person located outside of the United States, Canada, Japan, Australia or the Republic of South Africa or in any EU Member State (other than any EU Member State where the Company’s shares are legally marketed) or third country where the offer of the securities to the public does not take place and (ii) acknowledge that you have read and understood and agree to the notices and disclaimers set forth above.

Home 5 Our Business 5 Grindrod Shipping

Grindrod Shipping

Nasdaq:GRIN, JSE:GSH

TMI secured a controlling stake in Grindrod Shipping in December 2022 and is set to gain 100% ownership following the approval of Grindrod’s proposed Selective Capital Reduction.

Grindrod Shipping owns and operates a diversified fleet of owned, long-term and short-term chartered-in dry bulk vessels in the Handysize and Supra/Ultramax segments which are highly complementary to TMI’s existing fleet. Grindrod is based in Singapore, with offices in London, Durban, Tokyo and Rotterdam.

A transformational acquisition for TMI, the combined owned fleet comprises Japanese built, high quality geared bulker vessels with a carrying capacity of over 1.5 million dead-weight tonnes, significantly increasing TMI’s footprint in the geared dry bulk segment and increasing overall earnings power.

Since December 2022, TMI has brought about changes to the Grindrod Board and TMI and Grindrod Shipping have been making good progress in jointly evaluating next steps to capitalise on available synergies from the combined fleet across insurance, commercial management, technical management and corporate activities.