Dividends The directors have declared a final dividend of 32 cents per ordinary share (2004: 25 cents). Dividends paid or payable in respect of the year were as follows:
Last day to
Trading ex
Amount
Date of
trade cum
dividend
Record
Payment
per share
Amount
declaration
dividend       commences
date
date
(cents)
R000
Interim
26.07.2005
20.08.2005
23.08.2005
27.08.2005
30.08.2005
20
92 182
Final
22.02.2006
10.03.2006
13.03.2006
17.03.2006
20.03.2006
32
148 613
The directors have also declared a dividend of R3,038 per preference share (2004: nil) which will be paid on the same day as the final ordinary dividend referred to above. Holding Company Grindrod Limited had no holding company at 31 December 2005. Subsequent Events No material change has taken place in the affairs of the group between the end of the financial year and the date of this report apart from the further issue of preference shares referred to earlier in this report. Directors’ Report (continued)