The board of directors of South State Corporation has declared a quarterly cash dividend of $0.28 per share
payable on its common stock. This per share amount is $0.02 per share, or 7.7% higher than the dividend paid in
the immediately preceding quarter and is $0.05 per share, or 21.7%, higher than fourth quarter of 2014. The
dividend will be payable on February 19, 2016 to shareholders of record as of February 12, 2016.