Sea Harvest Group Limited (Incorporated in the Republic of South Africa) (Registration number: 2008/001066/06) Share code: SHG ISIN: ZAE000240198 (“Sea Harvest” or “the Group”) TRADING STATEMENT Sea Harvest is currently finalising its financial results for the year ended 31 December 2022, which are expected to be released on the Stock Exchange News Service of the JSE Limited (“JSE”) on or about Tuesday, 07 March 2023. In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current year will differ by at least 20% from those of the prior year. Firm demand in both international and local markets resulted in revenue increasing in all segments despite a 10% decrease in hake volumes as a result of quota losses from the Fishing Rights Allocation Process and a reduction in the Total Allowable Catch. Fixed costs were well contained, however, performance was negatively impacted by a material increase in the fuel price (c.R240m increase) and once-off acquisition costs related to the MG Kailis acquisition (c.R30m). This was compounded by higher interest rates and load-shedding. The Aquaculture segment continued to improve, halving its losses from the comparative period whilst the Cape Harvest Foods and Australian segments delivered strong performances during 2022. Accordingly, shareholders are advised that the Group expects to report for the year to 31 December 2022: • earnings before interest and tax (“EBIT”) of between R490 million and R510 million, representing a decrease of between 24% and 27%, compared to EBIT of R670 million for the comparative period; • basic earnings per share (“EPS”) of between 109 cents and 114 cents, representing a decrease of between 32% and 35%, compared to the EPS of 168 cents reported for the comparative period; and • basic headline earnings per share (“HEPS”) of between 102 cents and 107 cents, representing a decrease of between 32% and 35%, compared to the HEPS of 157 cents reported for the comparative period. The financial information on which this trading statement is based has not been reviewed and reported on by the Group’s external auditors. Cape Town 31 January 2023 Sponsor The Standard Bank of South Africa Limited