Stock Exchange News Service

Directors' dealings in securities

Oceana Group Limited
Incorporated in the Republic of South Africa
(Registration number 1939/001730/06
JSE Share Code:         OCE
NSX Share Code:         OCG
ISIN Number:          ZAE000025284
("Oceana" or "the Company" or "the Group")

OCEANA GROUP LIMITED 2013 SHARE PLAN: DEALINGS IN SECURITIES

In compliance with paragraphs 3.63 – 3.74 of the Listings Requirements of JSE Limited (“the JSE”),
shareholders are advised that Oceana has offered the following Restricted Shares (“RS”) to the
following directors of major subsidiaries of the Company (“the Participants”), as set out below. The
offers were accepted on 6 December 2016.

RS are granted on the basis of individual performance through bonus matching and elective deferral
and vest three years from the Grant Date, and are not governed by performance vesting criteria. The
RS will be settled to the Participant in the Group’s shares or in cash, at the Company’s sole and
absolute discretion.

The RS offered may be summarised as follows:

Name                            Position                                   No of RS granted is

S Salie                         Director of a major subsidiary             19 063

L De Waal                       Director of a major subsidiary             3 071

J Hurn                          Director of a major subsidiary             1 861

DB Mavume                       Director of a major subsidiary             17 592


The following are applicable to the above:

Class of underlying security to which rights attach              Ordinary shares
RS Award Price per share                                         Rnil (not applicable)
Nature of transaction                                            Off-market allocation of RS
RS vesting period                                                Third anniversary of the Grant Date
Nature of interest                                               Direct beneficial

In accordance with section 3.66 of the Listings Requirements the necessary clearance was
obtained to offer the abovementioned RS.

Cape Town
7 December 2016

JSE Sponsor
The Standard Bank of South Africa Limited

Namibian Sponsor
Old Mutual Investment Services (Namibia) Proprietary Limited

Date: 07/12/2016 10:00:00 
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