Availability of Annual Financial Statements 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”) Availability of Annual Financial Statements and Change Statement Shareholders are referred to the reviewed preliminary condensed consolidated results of Sea Harvest for the year ended 31 December 2020, released on the Stock Exchange News Service on 1 March 2021 and are advised that the Company’s Annual Financial Statements, including the audit opinion by Deloitte & Touche which sets out the key audit matters and the basis for the unqualified opinion, has been made available at www.seaharvestgroup.co.za and is also available for inspection at the Company’s registered office at The Boulevard Office Park, 1st Floor, Block C, Searle Street, Cape Town, 7925. The Annual Financial Statements contain the following modification to the results announced on SENS on 1 March 2021: • Change relating to the 2020 Cash Flow Statement - A reclassification of R25.7 million relating to insurance proceeds which was included in operating cash flows, is now included in investing cash flows. See updated Cash Flow Statement below. Consolidated Statement of Cash Flows for the year ended 31 December 2020 2020 2019 Notes R'000 R'000 CASH FLOWS FROM OPERATING ACTIVITIES Cash generated by operations A 923 569 839 219 Working capital changes B 71 038 (71 038) Cash generated by operating activities 994 607 768 181 Interest received 13 163 10 617 Dividends received 8 000 4 000 Interest paid (96 645) (120 055) Income tax paid (111 737) (119 509) Proceeds from government grants 3 328 17 181 Net cash generated from operating activities 810 716 560 415 CASH FLOWS FROM INVESTING ACTIVITIES Acquisition of property, plant and equipment (286 313) (264 629) Insurance Proceeds 25 747 – Proceeds from the disposal of property, plant and equipment 7 574 22 098 Acquisition of intangible assets (32 210) (30) Acquisition of a subsidiary/business – (558 139) Additions to biological assets (65 605) (69 007) Loans advanced to supplier partners (8 425) – Proceeds on loans advanced supplier partners 1 130 – Loans advanced to related parties (56 270) – Proceeds on loans advanced to related parties 10 891 – Cash movement in other long term and short loans 343 8 299 Net cash utilised in investing activities (403 138) (861 408) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from issue of equity instruments of the company – 300 000 Shares repurchased (15 322) (50 962) Proceeds from borrowings 588 026 347 497 Repayment of borrowings and lease liabilities (769 836) (540 294) Repayment of other financial liabilities (22 752) (21 401) Loans advanced to supplier partners – (6 032) Proceeds on loans advanced supplier partners – 5 686 Dividends paid (147 115) (117 154) Further investment in subsidiary – (168 890) Net cash generated from financing activities (366 999) (251 550) Net increase in cash and cash equivalents 40 579 (552 543) Cash and cash equivalents at the beginning of the year 229 293 781 679 Effects of exchange rate changes on the balance of cash held in foreign currencies 569 157 Cash and cash equivalents at the end of the year 19 270 441 229 293 There have been no other changes to the Annual Financial Statements. Shareholders are referred to the Annual Financial Statements for the full notes to the Cash Flow Statement. A further announcement providing details of the issue of the Integrated Annual Report of the Company and Notice of Annual General Meeting will be released in due course. Cape Town 31 March 2021 Sponsor The Standard Bank of South Africa Limited Date: 31-03-2021 05:30:00 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.