Directors' dealings in securities Oceana Group Limited Incorporated in the Republic of South Africa (Registration number 1939/001730/06 JSE Share Code: OCE NSX Share Code: OCG ISIN Number: ZAE000025284 ("Oceana" or "the Company" or "the Group") OCEANA GROUP LIMITED 2013 SHARE PLAN: DEALINGS IN SECURITIES In compliance with paragraphs 3.63 – 3.74 of the Listings Requirements of JSE Limited (“the JSE”), shareholders are advised that Oceana has offered the following Restricted Shares (“RS”) to the following directors of major subsidiaries of the Company (“the Participants”), as set out below. The offers were accepted on 6 December 2016. RS are granted on the basis of individual performance through bonus matching and elective deferral and vest three years from the Grant Date, and are not governed by performance vesting criteria. The RS will be settled to the Participant in the Group’s shares or in cash, at the Company’s sole and absolute discretion. The RS offered may be summarised as follows: Name Position No of RS granted is S Salie Director of a major subsidiary 19 063 L De Waal Director of a major subsidiary 3 071 J Hurn Director of a major subsidiary 1 861 DB Mavume Director of a major subsidiary 17 592 The following are applicable to the above: Class of underlying security to which rights attach Ordinary shares RS Award Price per share Rnil (not applicable) Nature of transaction Off-market allocation of RS RS vesting period Third anniversary of the Grant Date Nature of interest Direct beneficial In accordance with section 3.66 of the Listings Requirements the necessary clearance was obtained to offer the abovementioned RS. Cape Town 7 December 2016 JSE Sponsor The Standard Bank of South Africa Limited Namibian Sponsor Old Mutual Investment Services (Namibia) Proprietary Limited Date: 07/12/2016 10:00:00 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.