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 one year ended 31 December 2022: – the headline earnings per share is expected to decrease by 40% to 21.96 cents when compared to the headline earnings per share of 36.81 cents for the corresponding prior period; and – the basic and diluted earnings per share is expected to decrease by 40% to 22.12 cents when compared to the earnings per share of 36.93 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 2022 are expected to be published on or about 15 March 2023. 14 March 2023 Sponsor AcaciaCap Advisors Proprietary Limited