Further Trading Statement for the six months ending 30 September 2023

Southern Sun Limited
Incorporated in the Republic of South Africa
Registration number 2002/006356/06
Share Code: SSU ISIN: ZAE000272522
("Southern Sun" or "the Company" or "the Group")


FURTHER TRADING STATEMENT FOR THE SIX MONTHS ENDING 30 SEPTEMBER 2023

Shareholders are advised that subsequent to the release of the preliminary trading statement by the Company on SENS on
20 September 2023, the Group has continued to see an improvement in trading, which has necessitated the trading
statement ranges previously provided for EPS, HEPS, and AHEPS, to be updated, as follows:


                                                                         Guidance previously provided                  Updated guidance
                                                           Total
                                                      Operations
                                                      (including
                                  Continuing       discontinuing
                              operations for         operations)                                                              Range for
                                     the six         for the six                        Range for the                           the six
                                      months              months                           six months                            months
                                       ended               ended           Change on            ended         Change on           ended
                      Note       30 Sep 2022         30 Sep 2022         30 Sep 2022      30 Sep 2023       30 Sep 2022     30 Sep 2023

EPS (cents)              1              22.0                22.6         Decrease of      14.5 – 17.4       Decrease of     17.0 – 19.0
                                                                          21% to 34%                         16% to 25%
HEPS (cents)             1              22.7                23.3         Decrease of      14.5 – 17.4       Decrease of     17.0 – 19.0
                                                                          23% to 36%                         18% to 27%
AHEPS (cents)            2               1.2                 1.8     Increase > 100%      14.5 – 17.4   Increase > 100%     17.0 – 19.0

1) Includes the Separation Payment of R313 million post-tax
2) Excludes the Separation Payment of R313 million post-tax

The guidance ranges provided for Revenue and EBITDAR in the preliminary trading statement remain unchanged. As a
result of the negligible impact of Discontinued Operations, the guidance ranges provided are applicable to both Continuing
Operations and Total Operations (including Discontinued Operations).

Southern Sun is currently scheduled to release its financial results for the six months ending 30 September 2023 on or
about 21 November 2023.

The financial information in this trading statement has not been reviewed and reported on by the Group's external
auditors.

16 November 2023

Sponsor
Investec Bank Limited

Date: 16-11-2023 04:05:00
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