Directorate 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 will be made to the Board of directors and Nomination Committee of SOH to take effect from 18 February 2016: Resignation of Mr. E H T Pan as a director and Deputy Vice Chairman of SOH and as a member of the Nomination Committee. The Board of directors thanks Mr. Pan 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. H L Li as the Deputy Vice Chairman of SOH. Mr. Li is a non- executive director of SOH. Appointment of Mr. Jen-hao (Kevin) Yeh as an independent non-executive director of SOH. Mr. Yeh has a Bachelor of Science degree and has 19 years of experience in actuarial and financial planning in the financial services sector. Resignation of Ms. D J C Pan as Mr. E H T Pan’s alternate director and resignation of Mr. C H Pan as Mr. H L Li’s alternate director and appointment of Ms. D J C Pan as Mr. H L Li’s alternate director. Appointment of Mr. C Y Wu as a member of the Nomination Committee. Mr. Wu is a non-executive director of SOH. Johannesburg 5 February 2016. Sponsor: Investec Bank Limited Date: 05/02/2016 11:05:00 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.