Posting of circular to Oceana shareholders and notice of general meeting 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” or “the Company”) ANNOUNCEMENT REGARDING: - THE POSTING OF THE CIRCULAR TO OCEANA SHAREHOLDERS RELATING TO THE ACQUISITION BY OCEANA OF THE ENTIRE ISSUED SHARE CAPITAL OF DAYBROOK FISHERIES; AND - NOTICE OF GENERAL MEETING OF SHAREHOLDERS 1. INTRODUCTION Shareholders of Oceana (“Oceana Shareholders”) are referred to the announcements dated 19 May 2015 and 27 May 2015 (“the Announcements”) relating to the indirect acquisition by Oceana of the entire issued share capital of Daybrook Fisheries, Inc. (“Daybrook Fisheries”) (“the Proposed Acquisition”) for a purchase consideration of USD 382.3 million (approximately ZAR 4,588 million).* *Converted at the ZAR/USD exchange rate of 12.00, being the hedged forward exchange rate at which the Proposed Acquisition is expected to be completed. 2. CIRCULAR TO OCEANA SHAREHOLDERS Oceana Shareholders are advised that a circular, setting out the full terms of the Proposed Acquisition (“the Circular”) and containing a notice convening a general meeting of Oceana Shareholders to approve the resolutions required to authorise the Proposed Acquisition (“the General Meeting”) and the resolutions in respect of certain matters pertaining to the implementation of the proposed rights offer as detailed in the Announcements, will be posted to Shareholders on Monday, 15 June 2015. The Circular is available on the Company’s website at www.oceana.co.za. The salient dates and times of the posting of the Circular as well as the General Meeting are set out in paragraph 4 below. 3. PROGESS UPDATE ON CONDITIONS Further to the conditions to the Proposed Acquisition as set out in the 19 May 2015 announcement, Oceana is pleased to advise that the following conditions have been satisfied: - approvals and/or exemptions of the JSE, the Financial Surveillance Department of the South African Reserve Bank, and the US Federal Trade Commission and Justice Department; and - the discharge by Daybrook Fisheries of its debt due to the National Oceanic and Atmospheric Administration. Oceana will update Oceana Shareholders on the progress in respect of the remaining conditions as they become satisfied or are waived, as appropriate. 4. SALIENT DATES AND TIMES The salient dates and times for the posting of the Circular and the General Meeting, are set out below: 2015 Posting record date to be eligible to receive the Circular Friday, 5 June Posting of Circular to Oceana Shareholders Monday, 15 June Last day to trade to participate in and vote at the General Friday, 26 June Meeting Voting record date to participate in and vote at the General Friday, 3 July Meeting Last day to lodge forms of proxy in respect of the General Monday, 13 July Meeting by 14:00 General Meeting to be held at 14:00 on the 7th Floor, Oceana Wednesday, 15 July House, 25 Jan Smuts Street, Foreshore, Cape Town, 8001 Results of General Meeting released on the Stock Exchange Wednesday, 15 July News Service (“SENS”) Results of General Meeting published in the South African and Thursday, 16 July the Namibian press Notes: 1) The above dates and times are subject to amendment. Any such material amendment will be released on SENS and published in the South African and Namibian press. 2) All times quoted in the Circular are local times in South Africa on a 24-hour basis, unless specified otherwise. Cape Town 15 June 2015 Investor relations contacts: Imraan Soomra, Financial Director +27 21 410 1458 Financial and Debt Adviser and Transaction Sponsor to Oceana The Standard Bank of South Africa Limited South African Legal Counsel to Oceana Webber Wentzel United States Legal Counsel to Oceana Kean Miller LLP Haynes and Boone LLP K&L Gates LLP Hogan Lovells US LLP United States Financial Adviser to Oceana Antarctica Advisors LLC Sponsoring Broker to Oceana on the Namibian Stock Exchange Old Mutual Investment Services (Namibia) Proprietary Limited Date: 15/06/2015 11:17:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.