OCE - Oceana - No Change Statement and Notice of Annual General Meeting

    OCE - Oceana - No Change Statement and Notice of Annual General Meeting     
    OCEANA GROUP LIMITED                                                        
    (Registration number: 1939/001730/06)                                       
JSE share code: OCE                                                         
    NSX share code: OCG                                                         
    ISIN: ZAE000025284                                                          
    ("Oceana")                                                                  
1.   NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING               
         Oceana shareholders are advised that Oceana posted its audited annual  
         financial statements for the financial year ended 30 September 2006 on 
         Thursday, 21 December 2006. Oceana is not required to publish an       
abridged report at this date because the financial information         
         published on 10 November 2006 is unchanged.                            
         The annual financial statements were audited by Deloitte & Touche and  
         the audit report is available for inspection at Oceana`s registered    
office.                                                                
         Notice is hereby given that the annual general meeting of Oceana       
         shareholders will be held in the Boardroom, 16th Floor, Metropolitan   
         Centre, 7 Coen Steytler Avenue, Cape Town on Thursday, 8 February 2007 
at 14:00, to transact the business as stated in the notice of annual   
         general meeting which is included in the annual report.                
    2.   SPECIFIC ORDINARY SHARE REPURCHASE                                     
         Included in the notice of annual general meeting is a special          
resolution ("the Special Resolution") relating to the specific         
         repurchase by St Helena Bay Fishing Industries Limited, a wholly-owned 
         subsidiary of Oceana, of 2,479,257 ordinary shares constituting 2.14%  
         of the issued ordinary share capital of Oceana ("the Sale Shares"),    
from Khula Enterprise Finance Limited ("Khula"). The Sale Shares will  
         be repurchased from Khula on the date 2 business days after the date   
         of registration of the Special Resolution by the Registrar of          
         Companies ("the Closing Date"). The consideration payable by Oceana to 
Khula is a cash consideration of R14.62 per Sale Share, excluding any  
         dividend declared by Oceana prior to the Closing Date.                 
         After the specific repurchase under the Special Resolution, Khula will 
         hold 2,615,093 ordinary shares, constituting 2.26% of the issued share 
capital of Oceana. Khula and its associates will not vote their shares 
         in the capital of Oceana at the annual general meeting in relation to  
         the Special Resolution.                                                
         The pro forma financial effects of the specific repurchase on Oceana   
for the financial year ended 30 September 2006 are not material.       
    Cape Town                                                                   
    21 December 2006                                                            
    Sponsor                                                                     
Standard Bank                                                               
Date: 21/12/2006 14:00:04 Supplied by www.sharenet.co.za                     
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