Acquisition of Ordinary Shares in Senwes Limited

Agribel shareholders are hereby advised that Agribel has entered into an agreement with Grindrod Trading Holdings Proprietary Limited (“GTH”), a wholly-owned subsidiary of Grindrod Limited, on 28 December 2020 (“Agreement”), in terms of which Agribel has agreed to acquire from GTH, its entire shareholding in Senwes Limited (“Senwes”), being 37 395 213 Senwes ordinary shares (“Sale Shares”), for a cash consideration of R 385 170 693.90 (“Sale Consideration”) (“Transaction”).

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