Results of 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 GENERAL MEETING RESULTS OF GENERAL MEETING Shareholders are referred to the circular dated 7 November 2018 which outlined the disposal by South Ocean Holdings of 100% of the issued share capital in and claims against Radiant Group Proprietary Limited (“Radiant”) and Icembu Services Proprietary Limited, wholly owned subsidiaries of South Ocean Holdings and the disposal of the properties from which Radiant operates (“the Radiant Disposal Group”) (these transactions together referred to as “the Transaction”). Shareholders are advised that at the general meeting held today, 29 November 2018 (“GM”), the resolutions set out below with regard to the Transaction were duly approved by the requisite majority of Shareholders present and voting. Details of the voting are as follows: - Total number of South Ocean Holdings shares in issue at the date of the GM: 203 276 794 - Total number of South Ocean Holdings that were present/represented at the GM: 155 147 649, being 76% of the total number of ordinary shares that could have been voted on at the GM. Abstain Total Votes Resolution proposed For Against: (% of issued (excluding % % share capital) abstentions) Ordinary resolution number 1 – 100.00% 0.00% 0.00% 155 147 649 Approval of the proposed transaction Ordinary resolution number 2 – 100.00% 0.00% 0.00% 155 147 649 Enabling resolution Johannesburg 29 November 2018 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 29/11/2018 05:45:00 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.