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SOUTH OCEAN HOLDINGS LIMITED - Business update to shareholders

Release Date: 04/06/2015 17:00
Code(s): SOH     PDF:  
Wrap Text
Business update to shareholders

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

Business 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 2015 to date.

South Ocean Electric Wire Company (Pty) Ltd (“SOEW”), the manufacturing subsidiary of South Ocean
Holdings, experienced electricity supply problems during the month of April 2015 and the month of May
2015. This was due to faulty transformers supplying electricity to the Alrode area, where the SOEW factory
is situated. This led to a loss of production output and increase in production costs.

South Ocean Holdings’ results for the six months ending 30 June 2015 will be negatively impacted as a
result of the electricity supply problem.

A further business update may be issued in due course to shareholders, if deemed necessary.

South Ocean Holdings’ interim results for the period ending 30 June 2015 are expected to be announced
on or about 6th August 2015.

The business update has not been reviewed or reported on by South Ocean Holdings’ auditors.

Alrode
4th June 2015

Sponsor
Investec Bank

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