Changes to the Board South Ocean Holdings Limited (“SOH”) (Incorporated in the Republic of South Africa) Registration number 2007/002381/06 ISIN: ZAE000092748 JSE Share code: SOH Directorate The following changes have been made to the Board of directors and sub- committees of SOH: Resignation of, Mr. E G Dube, as the Chairman and a director of SOH, Chairman of the Nomination Committee and a member of the Remuneration Committee, with effect 31 March 2014. The Board of directors thanks Ethan for his past services and contributions to the SOH group and wishes him all the best with regard to his future endeavours. Appointment of Mr. K H Pon as the Chairman of SOH and as the Chairman of the Nomination Committee. Mr. Pon has resigned as the Chairman of the Audit and Risk Management Committee and as Chairman of the Remuneration Committee. Mr. Pon is an independent non-executive director of SOH. The above appointments and resignations take effect from 31 March 2014. Ms. M Chong has been appointed the Chairperson of the Audit and Risk Management Committee and as the Chairperson and member of the Remuneration Committee. Ms. Chong is an independent non-executive director of SOH. The above appointments take effect from 31 March 2014. Appointment of Mr. E H T Pan as a member of the Nomination Committee with immediate effect. Mr. Pan is a non-executive director of SOH. Ms. M H Lee has resigned as Mr. C Y Wu’s alternate director to take effect immediately. Mr. Wen-Ping Li has been appointed as Mr. C Y Wu’s alternate on the Board of SOH with immediate effect. Mr. Wu is a non- executive director of SOH. Mr. Li is the Chief (Assistant President) of the Sales Department of the Power Cable Division of Hong-Tai Industrial Co Ltd, a company listed on the Taiwanese Stock Exchange. Johannesburg 7 March 2014. Sponsor: Investec Bank Limited Date: 07/03/2014 05:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.