Oceana - Results of general meeting and fulfillment of all outstanding

     Oceana - Results of general meeting and fulfillment of all outstanding     
              conditions precedent                                              
     Oceana Group Limited                                                       
(Incorporated In The Republic Of South Africa)                             
     (Registration Number 1939/001730/06)                                       
     Jse Share Code: OCE                                                        
     Nsx Share Code: OCG                                                        
Isin: ZAE000025284                                                         
     ("Oceana")                                                                 
     Results of general meeting and fulfillment of all outstanding conditions   
     precedent                                                                  
A general meeting of Oceana shareholders was held on Friday, 22 September  
     2006 at the registered office of Oceana ("general meeting") to consider the
     special resolution and ordinary resolutions relating to Oceana"s proposed  
     black economic empowerment transaction ("BEE transaction").  Oceana"s BEE  
transaction was set out in the circular to Oceana shareholders dated 31    
     August 2006 ("Oceana circular"). At the general meeting all the resolutions
     were passed by the requisite majority of Oceana shareholders. In addition, 
     the special resolution has been lodged with and will be registered by the  
Registrar of Companies.                                                    
     All conditions precedent to the BEE transaction, as detailed in the Oceana 
     circular, have therefore been fulfilled. Accordingly, Oceana"s BEE         
     transaction will be implemented.                                           
22 September 2006                                                          
       Investment bank and sponsor                                              
       The Standard Bank of South Africa                                        
       Limited                                                                  
Date: 22/09/2006 11:34:58 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department