OCEANA GROUP LIMITED - Oceana Group Limited 2022 Share Plan: Director's dealing in securities

Oceana Group Limited 2022 Share Plan: Director's dealing 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 2022 SHARE PLAN: DIRECTOR’S DEALING IN SECURITIES

In compliance with paragraphs 3.63 – 3.74 of the Listings Requirements of JSE Limited (“the JSE”), shareholders
are advised that the Company has offered the following Deferred Bonus Shares (“DBS”) and Performance
Vesting Shares (“PVS”) on 01 June 2022 to the following directors of the Company and the directors of major
subsidiaries of the Company (“the Participants”), as set out below.

The Group was in a prohibited trading period due to the disposal of the CCS Group (which was announced to
the market on 04 October 2022). Accordingly, the Participants below were considered insiders for the purpose
of trading and were prohibited from dealing in securities.

Following the publication of the Group’s provisional reviewed condensed results on 05 December 2022, the
Participants below are now permitted to deal in securities.

The offers were accepted by the Participants on 09 December 2022 (“Offer Date”).

DBS are settled after three years from the Offer Date and are conditional on the Participant still being in the
employment of the Group at the time of vesting.

PVS are conditionally awarded with the final number settled after three years from the Offer Date dependent on
the performance criteria set being met. The number of shares to be settled will range from 0% to 200% of the
conditional award, subject to the Board’s discretion.

The determined number of DBS and PVS will be settled to the Participant in Oceana Group shares or in cash,
at the Company’s sole and absolute discretion.

The DBS and PVS offered by the Oceana Share Plan and accepted by the Participants are summarised below:

 Director / Officer       Office Held                         Number of        DBS    Number           of   PVS
                                                              awarded                 awarded

 Mr. L De Waal            Director of a Major Subsidiary*     24 700                  26 300

 Mr. S Salie              Director of a Major Subsidiary*     11 400                  25 500

 Ms. N Velleman           Director of a Major Subsidiary*     15 300                  16 400

*Major Subsidiary - Lucky Star Limited

The following is applicable to the above dealings for the Director’s listed above:
 Class of underlying security to which rights attach Ordinary shares
 DBS Award Price per share                                  R nil (not applicable)
 PVS Award Price per share                                  R nil (not applicable)
 Nature of transaction                                      Off-market allocation of DBS and PVS
 DBS vesting period/s                                       Vests on third anniversary of Offer Date
 PVS vesting period/s                                       Vests on third anniversary of Offer Date
 Nature of interest                                         Direct beneficial

In accordance with section 3.66 of the Listings Requirements the necessary clearance was obtained for the
abovementioned Director’s to deal in DBS and PVS securities, respectively.

13 December 2022
Cape Town

Sponsor – Primary Listing
The Standard Bank of South Africa Limited

Namibian Sponsor – Secondary Listing
Old Mutual Investment Services (Namibia) Proprietary Limited

Date: 13-12-2022 11:58:00
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