Results of the Annual General Meeting South Ocean Holdings Limited (Registration number 2007/002381/06) Incorporated in the Republic of South Africa (“South Ocean Holdings”, “the Group”) Share code: SOH ISIN: ZAE000092748 RESULTS OF THE ANNUAL GENERAL MEETING Shareholders are advised that the Annual General Meeting (“AGM”) of shareholders was held on Monday, 6 August 2018 and the details of the results of voting at the AGM are as follows: - Total number of South Ocean Holdings shares in issue at the date of the AGM: 203 276 794 - Total number of South Ocean Holdings that were present/represented at the AGM: 143 742 240, being 70.71% of the total number of ordinary shares that could have been voted on at the AGM. Abstain Total Votes Resolution proposed For Against: (% of issued (excluding % % share capital) abstentions) Ordinary resolution number 1 – 100.00% 0.00% 0.00% 143 742 240 Adoption of annual financial statements Ordinary resolution number 2 – Appointment of the auditors and designated 100.00% 0.00% 0.00% 143 742 240 auditor Ordinary resolution number 3 – Re-election of Mr CY Wu as a director 90.87% 9.13% 0.00% 143 742 240 Ordinary resolution number 4 – Appointment of Audit and Risk Management 99.06% 0.94% 0.00% 143 742 240 Committee member – Ms N Lalla Ordinary resolution number 5 – Appointment of Audit and Risk Management Committee 99.06% 0.94% 0.00% 143 742 240 member – Mr HL Li Ordinary resolution number 6 – Appointment of Audit and Risk Management 99.06% 0.94% 0.00% 143 742 240 Committee member – Mr KH Pon Ordinary resolution number 7 – 99.06% 0.94% 0.00% 143 742 240 Approval of remuneration policy Ordinary resolution number 8 – Approval of implementation of remuneration 99.06% 0.94% 0.00% 143 742 240 policy Special resolution number 1 – Approval of Non-executive Directors’ fees for 90.87% 9.13% 0.00% 143 742 240 2016 Special resolution number 2 – Approval of Non-executive Directors fees for 90.87% 9.13% 0.00% 143 742 240 2017 Special resolution number 3 – Approval of Non-executive Directors fees for 90.87% 9.13% 0.00% 143 742 240 2018 Special resolution number 4 – Approval of loans or other financial assistance 99.06% 0.94% 0.00% 143 742 240 to related or inter-related companies Ordinary resolution number 9- Directors’ and Company Secretary authority to 100.00% 0.00% 0.00% 143 742 240 implement ordinary and special resolutions Johannesburg 6 August 2018 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 06/08/2018 03:36:00 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.