SOUTH OCEAN HOLDINGS LIMITED - Changes to the responsibilities of the executive director

Changes to the responsibilities of the executive director

South Ocean Holdings Limited (“SOH”)
(Incorporated in the Republic of South Africa)
Registration number: 2007/002381/06
ISIN: ZAE000092748
JSE Share code: SOH

Changes to the responsibilities of the executive director

Shareholders are referred to the SOH announcement that appeared on SENS on 6 August
2015. Mr. Paul Ferreira, the Chief Executive Officer of SOH, has decided to resign as a
director and Chief Executive Officer of the Company with effect 31 August 2015 and not
from 31 October 2015 as previously announced.

Mr. Koos Bekker, the Chief Financial Officer of SOH, will assume the position of acting
Chief Executive Officer of SOH with effect from 1 September 2015 and will at this stage
retain his responsibilities as the Chief Financial Officer. The above arrangement will be
resolved in due course and once a suitable replacement for the Chief Financial Officer has
been found and appointed whereupon Mr. Bekker will be appointed the Chief Executive
Officer of SOH.

Johannesburg
31 August 2015

Sponsor
Investec Bank Limited

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