OCEANA GROUP LIMITED - TRADING STATEMENT

OCEANA GROUP LIMITED - TRADING STATEMENT                                        
Oceana Group Limited                                                            
(Registration number. 1939/001730/06)                                           
JSE Share Code: OCE                                                             
NSX Share Code: OCG                                                             
ISIN: ZAE000025284                                                              
("Oceana" or "the Company")                                                     
TRADING STATEMENT                                                               
Shareholders are advised that both earnings per share and headline earnings per 
share for the six months ending 31 March 2005 are expected to be between 40% and
60% lower than the comparative figures for the six months ended 31 March 2004.  
The expectation of reduced earnings is mainly as a result of the continued      
strength of the Rand which affects the profitability of Oceana"s export         
businesses, a lower contribution from the fish meal business and restructuring  
of the Namibian hake operations.                                                
Shareholders are also advised that this decrease does not necessarily give an   
indication of earnings per share and headline earnings per share for the full   
year to 30 September 2005.  Factors such as fishing seasonality as well as the  
fluctuation in exchange rates affect profitability.                             
This statement is issued in compliance with the revised Listings Requirements of
the JSE Securities Exchange South Africa, which became effective on 1 December  
2004. The forecast financial information on which this Trading Statement is     
based has not been reviewed and/or reported on by the Company"s auditors.       
Cape Town                                                                       
26 January 2005                                                                 
Sponsor                                                                         
Standard Bank                                                                   
Date: 26/01/2005 09:21:18 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department