OCEANA GROUP LIMITED - Oceana Group Limited 2022 Share Plan: Dealing In Securities By Directors And The Company Secretary

Oceana Group Limited 2022 Share Plan: Dealing In Securities By Director’s And The Company Secretary

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: DEALING IN SECURITIES BY DIRECTOR’S AND THE
COMPANY SECRETARY

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 1 November 2022* and 22 November 2022 (“Offer Date”) to the following directors
of the Company and the directors of major subsidiaries of the Company (“the Participants”), as set out below.

On the respective Offer Dates the Group was in a mandatory Closed Period.

With 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 14 December 2022 (“Acceptance 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 respective Offer Dates
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 for the Participant in Oceana Group shares or in cash,
at the Company’s sole and absolute discretion.

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

 Director / Officer       Office Held                                   No of DBS awarded         No of PVS awarded

 Mr. Z Mahomed            Chief Financial Officer Designate**           Not applicable****        70 607*

                                                                                                  37 500

 Mr. L De Waal            Director of a Major Subsidiary***             31 500                    27 700

 Mr. S Salie              Director of a Major Subsidiary***             28 100                    26 400

 Ms. N Velleman           Director of a Major Subsidiary***             20 000                    17 300

 Ms. S Naidoo             Director of a Major Subsidiary***             10 800                    5 900

 Ms. N Morgan             Group Company Secretary                       Not applicable****        5 800

 *      The PVS was offered to the Chief Financial Officer Designate on his effective contractual date of employment
 **     Current Chief Financial Officer Designate – Assumes role as Chief Financial Officer and Executive Director of the
        Company on 01 February 2023
 ***    Major Subsidiary - Lucky Star Limited
 ****   Appointed post DBS eligible date of 30 June 2022
The following are 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)
 Value of transactions                                     R nil (not applicable)
 Nature of transactions                                    Off-market acceptance 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.

14 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: 14-12-2022 05:00:00
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