Update to trading statement

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 Group")

UPDATE TO TRADING STATEMENT

Shareholders are referred to the trading statement published on the Stock Exchange News Service of
the JSE Limited ("JSE") ("SENS") on 29 May 2025 and the further trading statement published on SENS
on 27 June 2025 in terms of which shareholders were advised that the Group was satisfied that a
reasonable degree of certainty existed that, for the six-month period ended 30 June 2025, basic
headline earnings per share ("HEPS") would be at least 60% higher than the reported HEPS for the
prior comparative period and basic earnings per share ("EPS") would be at least 40% higher than the
reported EPS for the prior comparative period.

Sea Harvest is currently finalising its financial results for the six-month period ended 30 June 2025,
which are expected to be released on SENS on or about Monday, 1 September 2025.

In accordance with paragraph 3.4(b)(iii) of the Listings Requirements of the JSE, where a company has
not been able to provide guidance as to the anticipated trading range with reasonable certainty, it is
required to provide further guidance when it does have reasonable certainty of the range.

Shareholders are accordingly advised that the Group expects to report for the six-month period ended
30 June 2025:

   •    HEPS of between 93.4 cents and 95.8 cents, representing an increase of between 88% and
        93% compared to the HEPS of 50 cents reported for the comparative period; and
   •    EPS of between 96.8 cents and 99.8 cents, representing an increase of between 60% and 65%
        compared to the EPS of 61 cents reported for the comparative period.

The increase in earnings is primarily attributable to international sales price increases driven by strong
demand for Cape Hake, improved catch rates and efficiency gains in the South African Fishing
business, complemented by good milk flow in the Dairy business. The Abalone business experienced
a difficult first half, impacted by reduced demand, lower selling prices and a stronger Rand.

The financial information and any forward-looking statements in this announcement have not been
reviewed or reported on by the Group's auditors.

Cape Town
28 July 2025

Sponsor:
The Standard Bank of South Africa Limited

Date: 28-07-2025 05:00:00
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