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 headline earnings per share for the six months    
ending 31 March 2006 are expected to be between 5% and 15% higher than the      
comparative figures for the six months ended 31 March 2005. An improved         
contribution is expected from the horse mackerel and lobster businesses, offset 
by a lower contribution from the canned fish and fish meal operations which are 
being affected by poor fishing conditions.                                      
Earnings per share are expected to be between 60% and 80% higher than those for 
the six months ended 31 March 2005, mainly as a result of the non recurrence in 
2006 of the significant restructuring and closure costs of the Namibian hake    
operations which adversely affected the 2005 results.                           
Shareholders are also advised that this increase does not necessarily give an   
indication of earnings for the full year to                                     
30 September 2006.  Factors such as fishing seasonality and the fluctuation in  
exchange rates affect profitability.                                            
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                                                                       
09 February 2006                                                                
Sponsor                                                                         
Standard Bank                                                                   
Date: 09/02/2006 03:30:10 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department