The Board has declared a final dividend of 11.00000 cents per ordinary share, which amounts to 25% of headline earnings. The dividend is declared out of income reserves of the Group. The dividend will be subject to a dividend withholding tax rate of 20% or 2.20000 cents per ordinary share.

Shareholders, unless exempt or qualifying for a reduced withholding tax rate, will receive a net dividend of 8.80000 cents per ordinary share. South Ocean's tax reference number is 9341037167. Last date to trade "cum dividend:16 April 2024 Shares commence trading "ex" dividend:17 April 2024.

Record date (date shareholders recorded in share register):19 April 2024. Payment date:22 April 2024.