OCE/OCG - Oceana Group Limited - Trading Statement

OCE/OCG - 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                                                               
In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE     
Limited, shareholders are advised that headline earnings per share for the      
six months ended 31 March 2008 are expected to be between 55% and 65% higher    
than the comparative figure for the six months ended 31 March 2007. Earnings    
per share are expected to be between 40% and 50% higher than the comparative    
figure for the six months ended 31 March 2007.                                  
A weaker rand exchange rate, higher selling prices and improved cold storage    
occupancies are expected to result in improved profitability.                   
The main reason for the differential in the increase in earnings per share      
and headline earnings per share is that, in the prior year, the former          
included the profit on disposal of the abalone business, less impairment        
provisions raised.                                                              
Shareholders are advised that this increase does not necessarily give an        
indication of earnings for the full year to 30 September 2008. The rate of      
growth in earnings in the second half of the year is expected to be lower       
than in the first half.                                                         
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                                                                       
2 April 2008                                                                    
Sponsor                                                                         
Standard Bank                                                                   
Date: 02/04/2008 10:13:24 Supplied by www.sharenet.co.za                     
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