SOUTH OCEAN HOLDINGS LIMITED - Correction to Headline Earnings Per Share

Correction to Headline Earnings Per Share

South Ocean Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/002381/06)
Share code: SOH     ISIN: ZAE000092748

CORRECTION TO HEADLINE EARNINGS PER SHARE

Shareholders are advised that there was an error in the headline earnings per share
published on 25 March 2019 for the year ended 31 December 2018 of 0.17 cents per share.

The previously published headline earnings per share was 3.57 cents whereas the correct
number is a headline earnings per share of 3.74 cents. The error arose from the incorrect
application of a corporate tax rate compared to the tax rate for Capital Gains Tax on one of
the line items in the headline earnings reconciliation.


Johannesburg
23 January 2020


Sponsor
Arbor Capital Sponsors Proprietary Limited

Date: 23-01-2020 05:30:00
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