Appointment of Directors 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”) APPOINTMENT OF DIRECTORS In compliance with section 3.59 of the Listings Requirements of the Johannesburg Stock Exchange, the Board of SOH is pleased to announce the appointment of the following directors to the Board of SOH with effect from 28 June 2019: Chieh - Fu (Jeff) Chen (Non-executive director) Melanie Chong (Independent non-executive director) Jen - Hao (Kevin) Yeh (Independent non-executive director) Chi - Ying (Joe) Wu will relinquish his role as a director of the Company and will be appointed Jeff Chen’s alternate with effect from 28 June 2019. Mr Chen has had many years of experience in the electric cable industry. Mr Chen is a director of various companies listed on the Taiwan Stock Exchange including Hong-Tai Electric Industrial Co. Ltd which is a major shareholder in the Company. Ms Chong is a Chartered Accountant and has previously been involved in corporate governance, risk management, compliance, accounting and credit management. Melanie is also a BEE consultant as well as being involved in executive management. Ms Chong was previously a director and Chairperson of the Audit and Risk Management Committee, Remuneration Committee and Social and Ethics Committee and member of the Nomination Committee of SOH. Mr Yeh has a Bachelor of Science degree and has had 22 years of experience in actuarial and financial planning in the financial services sector. Mr Yeh was previously a director of SOH The directors welcome Mr Chen, Ms Chong and Mr Yeh to the Board of SOH. By order of the Board Johannesburg 28 June 2019 Sponsor Arbor Capital Sponsors Proprietary Limited Date: 28/06/2019 05:00:00 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.