SEA HARVEST GROUP LIMITED - Further Cautionary Announcement Relating To A Potential Acquisition By The Company

Further Cautionary Announcement Relating To A Potential Acquisition By The Company

SEA HARVEST GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/001066/06)
Share code: SHG     ISIN: ZAE000240198
("Sea Harvest" or “the Company”)


FURTHER CAUTIONARY ANNOUNCEMENT RELATING TO A POTENTIAL ACQUISITION BY THE COMPANY


Shareholders are referred to the cautionary announcement published on 11 December 2017 and
renewed on 25 January 2018 and 8 March 2018 regarding the proposed acquisition by a consortium of
broad-based black economic empowerment investors led by the Company, (the “B-BBEE Consortium”)
of the entire fishing business of Viking Fishing Holdings Proprietary Limited (“Viking Fishing”) as well
as the acquisition by the Company of 51% of the issued share capital of Viking Aquaculture Proprietary
Limited (“Viking Aquaculture”), collectively the (“Proposed Transaction”).

The Company is pleased to advise that it has received approval from the Department of Agriculture,
Forestry and Fisheries in terms of section 21 of the Marine Living Resources Act 18 of 1998 for the
transfer of the fishing rights to the respective members of the B-BBEE Consortium.

The Proposed Transaction is progressing and an announcement providing further details will be made
as soon as practicably possible. Accordingly, until such announcement, shareholders are advised to
continue to exercise caution when dealing in Sea Harvest securities.


Cape Town
24 April 2018

Corporate Advisor and Transaction Sponsor to Sea Harvest
PricewaterhouseCoopers Corporate Finance Proprietary Limited

Legal Advisors
Webber Wentzel

Sponsor
The Standard Bank of South Africa Limited

Advisors to Viking Fishing and Viking Aquaculture
Investec Bank Limited

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