Extension of Time for Posting of Circular SOUTH OCEAN HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2007/002381/06) Share Code: SOH ISIN: ZAE0000092748 (“SOH” or “the Company”) EXTENSION OF TIME FOR POSTING OF CIRCULAR Shareholders are referred to the announcement dated 14 August 2018, in which shareholders were advised that SOH had entered into an agreement with Eurolux Proprietary Limited (“Eurolux”), a controlled subsidiary of ARB Holdings Limited (“ARB”), for the disposal of 100% of the issued share capital in and claims against Radiant Group Proprietary Limited (“Radiant”) a wholly owned subsidiary of South Ocean Holdings. The Company furthermore, through its wholly-owned subsidiary, Anchor Park Investments 48 Proprietary Limited (“Anchor Park”), entered into an agreement with Eurolux for the disposal of the properties from which Radiant operates (these two transactions together referred to as “the Transaction”). The Transaction is a category 1 transaction and requires shareholder approval. Due to the review of the pro forma financial information and the review of the historical financial information taking longer than expected, the circular will not be completed in time to meet the requirements of paragraph 9.20(b), of the JSE Listings Requirements. As such, the circular will not be posted to shareholders within the 60- day timeframe. Accordingly, shareholders are advised that the JSE has granted the Company an extension to post the required circular until 2 November 2018. By order of the Board Johannesburg 19 October 2018 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 19/10/2018 01:48:00 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.