SOUTH OCEAN HOLDINGS LIMITED - Trading Statement

Trading Statement

South Ocean Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/002381/06)
Share code: SOH
ISIN: ZAE000092748
("the Company")

TRADING STATEMENT

In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, companies are required
to publish a trading statement as soon as they are satisfied that a reasonable degree of certainty
exists that the financial results for the period to be reported on will differ by at least 20% from the
financial results for the previous corresponding period or a profit forecast previously provided to
the market in relation to such period.

Accordingly, shareholders are advised that a reasonable degree of certainty exists that, for the
year ended 31 December 2023:

-   the headline earnings per share is expected to increase by 99% to 43.60 cents when compared
    to the headline earnings per share of 21.96 cents for the corresponding prior period; and
-   the basic and diluted earnings per share is expected to increase by 97% to 43.60 cents when
    compared to the earnings per share of 22.12 cents for the corresponding prior period.

The financial information on which this trading statement is based has not been reviewed or
reported on by the Company's external auditors. The results for the year ended 31 December 2023
are expected to be published on or about 18 March 2024.

14 March 2024

Sponsor
AcaciaCap Advisors Proprietary Limited

Date: 14-03-2024 01:35:00
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