OCEANA GROUP LIMITED - Availability of Annual Financial Statements and Integrated Annual Report

Availability of Annual Financial Statements and Integrated Annual Report

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")

CHANGE STATEMENT, AVAILABILITY OF ANNUAL FINANCIAL STATEMENTS AND
INTEGRATED ANNUAL REPORT

1. Annual Financial Statements and Change Statement

    Oceana shareholders (“Shareholders”) are advised that Oceana issued its audited consolidated
    annual financial statements for the financial year ended 30 September 2021 (“AFS”) on Friday, 25
    March 2022. The annual financial statements are available on the Company’s website at
    http://oceana.co.za/investors/financial-results.

    A Shareholder who wishes to receive a printed copy of the AFS should contact the Company
    Secretary at companysecretary@oceana.co.za or JSE Investor Services Proprietary Limited, the
    Company’s transfer secretaries.

   The annual financial statements contains the following modifications to the reviewed condensed
   consolidated financial results for the year ended 30 September 2021 and the reviewed restated
   consolidated financial results for the year ended 30 September 2020, published on SENS on
   Wednesday, 9 March 2022:
                                                                    Reviewed
                                                                  condensed
                                                                consolidated
                                                      AFS              results
                                                30-Sept-21         30-Sept-21           Variance
                                                     R’000               R’000              R’000
 Budgeted capital commitments                      419 901            281 488             138 413
 Contracted                                         68 748              34 881            33 867*
 Not contracted                                    351 153            246 607            104 546*

                                                                     Reviewed
                                                                      restated
                                                                    condensed
                                                                  consolidated
                                                      AFS               results
                                                30-Sept-20          30-Sept-20             Variance
                                                     R’000               R’000                R’000
 Budgeted capital commitments                      571 334             340 636              230 698
 Contracted                                        185 965             101 651              84 314*
 Not contracted                                    385 369             238 985             146 384*

    *Contracted and Not contracted budgeted capital commitments for the next financial year increased
    in the AFS due to erroneous calculation in the SENS published on 9 March 2022.

    Other than set out above there are no other changes to the reviewed condensed consolidated
    results for the year ended 30 September 2021 and the reviewed restated condensed consolidated
    results for the year ended 30 September 2020, previously published.

    The annual financial statements were audited by PricewaterhouseCoopers Inc. who issued an
    unmodified audit report. The annual financial statements which includes the auditor’s report (with
    Key Audit Matters), are available for inspection at Oceana’s registered office and on the Group’s
    website at http://oceana.co.za/investors/financial-results.

2. Oceana 2021 Integrated Annual Report

   Shareholders are advised that an electronic version of the Oceana 2021 Integrated Annual Report
   is     available    for    Shareholders      to     access    on    the     Group’s    website
   http://oceana.co.za/investors/integrated-reports from today.

3. Notice of Annual General Meeting

   Posting of the Notice of Annual General Meeting (“AGM”) to Shareholders, which incorporates
   summarised annual financial statements for the year ended 30 September 2021 will commence on
   or about 31 March 2022. A further SENS will be released on or about 31 March 2022 advising
   shareholders of the date of the AGM and the related salient dates.

4. Availability of B-BBEE Compliance Certificate

   Shareholders are advised that the annual compliance certificate in terms of Section 13G(2) of the
   Broad-Based Black Economic Empowerment Amendment Act No.46 of 2013, is available on the
   Group’s website (www.oceana.co.za).


Cape Town
25 March 2022

JSE Sponsor: The Standard Bank of South Africa Limited

NSX Sponsor: Old Mutual Investment Services (Namibia) Proprietary Limited

Date: 25-03-2022 05:40:00
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