Further Cautionary Announcement Relating To A Potential Acquisition By The Company 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”) FURTHER CAUTIONARY ANNOUNCEMENT RELATING TO A POTENTIAL ACQUISITION BY THE COMPANY Shareholders are referred to the cautionary announcement published on 11 December 2017 and renewed on 25 January 2018 and 8 March 2018 regarding the proposed acquisition by a consortium of broad-based black economic empowerment investors led by the Company, (the “B-BBEE Consortium”) of the entire fishing business of Viking Fishing Holdings Proprietary Limited (“Viking Fishing”) as well as the acquisition by the Company of 51% of the issued share capital of Viking Aquaculture Proprietary Limited (“Viking Aquaculture”), collectively the (“Proposed Transaction”). The Company is pleased to advise that it has received approval from the Department of Agriculture, Forestry and Fisheries in terms of section 21 of the Marine Living Resources Act 18 of 1998 for the transfer of the fishing rights to the respective members of the B-BBEE Consortium. The Proposed Transaction is progressing and an announcement providing further details will be made as soon as practicably possible. Accordingly, until such announcement, shareholders are advised to continue to exercise caution when dealing in Sea Harvest securities. Cape Town 24 April 2018 Corporate Advisor and Transaction Sponsor to Sea Harvest PricewaterhouseCoopers Corporate Finance Proprietary Limited Legal Advisors Webber Wentzel Sponsor The Standard Bank of South Africa Limited Advisors to Viking Fishing and Viking Aquaculture Investec Bank Limited Date: 24/04/2018 02:00:00 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.