SOUTH OCEAN HOLDINGS LIMITED - SF Announcement - Audited Results for the Year Ended 31 December 2025

SF Announcement - Audited Results for the Year Ended 31 December 2025

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

Short Form Announcement - Audited Results Announcement for the year ended 31 December 2025

South Ocean Holdings ("the Group" or "the Company") is an investment holding company, comprising three operating
subsidiaries which manufacture low voltage electrical wire, cables and accessories and which hold property for
investment purposes. An extract from the audited consolidated annual financial statements is set out below:

                                                                 31 December         31 December
                                                                        2025                2024           Percentage
                                                                     Audited             Audited               Change
 Revenue                                                      R2.502 billion      R2.568 billion                 (3%)
 Operating Profit                                              R11.0 million       R80.0 million                (86%)
 Dividend per share (cents)                                                -                5.50               (100%)
 Net Asset Value per share (cents)                                     322.4               335.5                 (4%)
                                                                                                           Percentage
                                                                     Audited            Restated               Change
 Earnings per share (cents)                                             6.81               22.64                (70%)
 Headline earnings per share (cents)                                    6.81               22.56                (70%)

The short-form announcement is the responsibility of the directors and is only a summary of the information in the full
announcement and does not contain full or complete details. The full announcement can be found on the Company's
website at www.southoceanholdings.co.za and can be viewed at the following link:

https://senspdf.jse.co.za/documents/2026/JSE/ISSE/SOH/SOHAR2025.pdf

The Company's auditors, BDO South Africa Inc., issued an unmodified audit opinion on the annual financial statements
for the year ended 31 December 2025. The unqualified audit opinion, which includes communication on key audit
matters and the full details of the basis for the unqualified opinion, can be accessed by the following link:

https://southoceanholdings.co.za/Pages/Financial-Archives.asp

Copies of the full announcement may also be requested from the Company or inspected at the Company's registered
office and at the offices of the sponsor, at no charge, during office hours. Any investment decision should be based on
the full announcement published on SENS and on the Company's website.

For and on behalf of the board

J van Rensburg                                                                                               A Smith
Non-Executive Director (Chairperson)                                      Executive Director (Chief Executive Officer)

Johannesburg
20 March 2026

Directors: J van Rensburg? (Chairperson), N Lalla# (Lead Independent Director), A Smith* (Chief Executive Officer),
WP Basson* (Chief Financial Officer), LL Chen?^, JH Yeh#, MM Hohman? º*, SN Yeh ?º (Alternate)
* Executive, # Independent Non-executive, ? Non-executive, º Taiwanese, ^ Hong Kong, º* American

Corporate Information:
Registered Office: 12 Botha Street, Alrode 1451, P.O. Box 123738, Alrode, 1451, Telephone: +27(11) 864 1606,
Website: www.southoceanholdings.co.za
Company Secretary: WT Green, 21 West Street, Houghton, 2198, P.O. Box 123738, Alrode, 1451
Sponsor: AcaciaCap Advisors Proprietary Limited, (Registration No: 2006/033725/07), 20 Stirrup Lane, Woodmead
Office Park, Woodmead, 2191 (Suite #439, Private Bag X29, Gallo Manor, 2052)
Share Transfer Secretary: Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Bierman
Avenue, Rosebank, Johannesburg, 2196, P.O. Box 61051, Marshalltown, 2107, South Africa Telephone: +27(11) 370
5000, Telefax: +27(11) 688 5200 Website: www.computershare.com
Auditors: BDO South Africa Inc. 52 Corlett Drive, Wanderers Office Park, Illovo, 2196. Telephone: +27(11) 488 1700
Telefax +27(10) 060 7000, Website: www.bdo.co.za

Date: 20-03-2026 01:30:00
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