OCE/OCG - Oceana - Specific repurchase - Results of the general meeting and

OCE/OCG  - Oceana - Specific repurchase - Results of the general meeting and    
fulfilment of 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")                                                                      
SPECIFIC REPURCHASE - RESULTS OF THE GENERAL MEETING AND FULFILMENT OF          
CONDITIONS PRECEDENT                                                            
1    INTRODUCTION                                                               
Oceana shareholders ("shareholders") are referred to:                           
-    the announcement dated 9 November 2007 in which shareholders were advised  
    of the specific repurchase of 2,615,093 Oceana shares from Khula Enterprise 
Finance Limited; and                                                        
-    the circular dated 19 November 2007 which has been sent to shareholders.   
2    RESULTS OF THE GENERAL MEETING AND REGISTRATION OF THE SPECIAL RESOLUTION  
Shareholders are advised that:                                                  
-    the specific repurchase has been approved by the requisite majority of     
    votes at the general meeting held today, being Wednesday, 19 December 2007; 
    and                                                                         
-    the special resolution has been registered by the Registrar of Companies   
today, being Wednesday, 19 December 2007.                                   
All conditions to which the specific repurchase is subject have therefore been  
fulfilled. The specific repurchase will be implemented on Friday, 21 December   
2007.                                                                           
Cape Town                                                                       
19 December 2007                                                                
Investment bank and sponsor                                                     
Standard Bank                                                                   
Corporate law advisers                                                          
Fairbridges Attorneys                                                           
Independent reporting accountants                                               
Deloitte & Touche                                                               
Date: 19/12/2007 16:22:01 Supplied by www.sharenet.co.za                     
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