SOUTH OCEAN HOLDINGS LIMITED - Trading Update

Trading Update

South Ocean Holdings Limited
(Incorporated in the Republic of South Africa)
(Reg. No 2007/002381/06)
Share Code: SOH
ISIN: ZAE000092748
(“South Ocean” or "the company")


Trading update to shareholders

This serves as a general communication to South Ocean Holdings shareholders with
regards to the business environment for the period 1 January 2013 to date.

South Ocean Electric Wire Company (Pty) Ltd, the manufacturing subsidiary of South
Ocean Holdings, has experienced electricity supply problems during the months of
February and March 2013. The electrical cables supplying the electrical substation in
the area have blown numerous times during the past two months causing electricity
supply interruptions. This has led to loss of production output, increase in production
costs and increase in scrap rates.

The Local council indicated that they are in the process of replacing the cables and
planned to complete the project by middle of May 2013.

South Ocean Holdings’ results for the six months ending 30 June 2013 will be
negatively impacted as a result of the electricity supply problem.

A further trading update will be issued in due course to update shareholders to provide
earnings forecast ranges for earnings per share and headline earnings per share as
required by the JSE Listings Requirements.

South Ocean Holdings’ interim results for the period ending 30 June 2013 are expected
to be announced on or about 1st August 2013.

This trading update has not been reviewed or reported on by South Ocean Holdings’
auditors.


Alrode
25th April 2013

Sponsor
Investec Bank

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