Oceana Group Limited - Reconstitution Of The Board Of Directors

Oceana Group Limited - Reconstitution Of The Board Of Directors                 
OCEANA GROUP LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
Registration number 1939/001730/06                                              
SHARE CODE : OCE                                                                
ISIN CODE : ZAE 000025284                                                       
("Oceana")                                                                      
RECONSTITUTION OF THE BOARD OF DIRECTORS                                        
In order to commence the process of implementation of the principles of         
corporate governance set out in the King Report on Corporate Governance for     
South Africa 2002 pertaining to the composition of boards of directors and,     
in particular, to accommodate the future appointment of appropriate             
independent non-executive directors to the board of Oceana ("the board"),       
Messrs R M Kramer, RDeH Steenkamp, AWS Visagie and alternates, Messrs AL        
Hobbs, LT Langeni, RA Oktober and GA Rhodes-Harrison have resigned their        
executive directorships with effect from 28 June 2002.  The executive           
directors who have resigned from the board all retain their existing            
executive management positions within the group and Oceana`s operations will    
be unaffected by their resignation.                                             
Therefore, with effect from 28 June 2002, the board will be constituted as      
follows -                                                                       
Non-executive directors : Messrs DMJ Ncube (chairman), RA Williams (vice-       
chairman), DF Behrens, MA Brey, BP Connellan, N Dennis, S Pather and RV         
Smither                                                                         
Executive directors : Messrs AB Marshall (managing director) and RG Nicol       
(financial director)                                                            
Shareholders shall be advised in due course as to the proposed appointment      
of independent non-executive directors to the board.                            
Cape Town                                                                       
28 June 2002                                                                    
Date: 28/06/2002 05:10:00 PM Produced by the SENS Department