04 Aug 2021 - 3 min read

Unaudited Summarised Results Announcement for the six months ended 30 June 2021

Unaudited Summarised Results Announcement for the six months ended 30 June 2021

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


South Ocean Holdings is an investment holding company, comprising two operating subsidiaries
which manufacture low voltage electrical cables and which hold property for investment purposes.

                                         SALIENT FEATURES

                          Revenue improved by 67.3% to R1 105.7 million

                       Operating profit improved by 298.8% to R87.4 million

                  Earnings per share improved by 370.2% to 17.56 cents per share

            Headline earnings per share improved by 369.7% to 17.53 cents per share

                Tangible net asset value improved by 15.2% to 259.7 cents per share

This short-form announcement is the responsibility of the directors and is only a summary of the
information in the full announcement published on SENS on 4 August 2021 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:


Copies of the full announcement may also be requested from the Company by sending an email
to werner@soew.co.za, or may be inspected at the Company’s registered office and at the offices
of the sponsor, at no charge, during office hours. In line with the Group’s dividend policy, South
Ocean Holdings has not declared an interim dividend. Any investment decision by investors and/or
shareholders should be based on consideration of the full announcement published on SENS and
on the Company’s website as a whole.

For and on behalf of the Board

K H Pon CA(SA)                                                                           A Smith
Chairperson                                                               Chief Executive Officer

4 August 2021

Directors: KH Pon# (Chairperson), HL Li#º (Deputy Vice-Chairperson), A Smith* (Chief
Executive Officer), WP Basson*(Chief Financial Officer), N Lalla#, J van Rensburg?, CF
Chen?º, M Chong#, JH Yeh#, DJC Pan ?@ (Alternate), J Liu ?º (Alternate)
* Executive # Independent Non-executive ? Non-executive º Taiwanese @

Corporate Information

Registered Office: 12 Botha Street, Alrode 1451, P.O. Box 123738, Alrode, 1451, Telephone: +27(11)
864 1606, Telefax: +27(86) 628 9523, 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: PricewaterhouseCoopers Inc. 4 Lisbon Lane, Waterfall City, Jukskei View, Johannesburg,
2090. Telephone: +27(12) 797 4000 Telefax +27(12) 797 5800, Website: www.pwc.co.za

Date: 04-08-2021 04:18:00
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