OCEANA GROUP LIMITED - Results of Annual General Meeting and resignation of Director

Results of Annual General Meeting and resignation of Director

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”)


RESULTS OF ANNUAL GENERAL MEETING AND RESIGNATION OF DIRECTOR


Results of Annual General Meeting

Shareholders of Oceana (“Shareholders”) are advised that the voting
results for the Annual General Meeting (“AGM”) of Oceana held at 14h00
today were as follows:

 Resolu-    Resolution     Number of         Percentage   For     Against   Abstained
  tion                      shares           of shares     **        **          *
                             voted           in issue*
 Number                                                   %           %          %
                                                  %

 1.1       Ordinary        122 712 059           94.1%   99.9%      0.1%        0.0%
           resolution
           Re-election
           of ZBM Bassa
           as a director

 1.2       Ordinary        122 712 059           94.1%   99.6%      0.4%        0.0%
           resolution
           Re-election
           of MA Brey as
           a director

 1.3       Ordinary        122 712 059           94.1%   99.9%      0.1%        0.0%
           resolution
           Re-election
           of NP Doyle
           as a director

 1.4       Ordinary        122 712 059           94.1%   99.9%      0.1%        0.0%
           resolution
           Re-election
           of
           FP Kuttel as
           a director
1.5        Ordinary        122 712 059           94.1%   99.9%      0.1%        0.0%
           resolution
           Re-election
           of
           GG Fortuin as
           a director

1.6        Ordinary        122 712 059           94.1    99.8%      0.2%        0.0%
           resolution
           Re-election
           of
           LC Mac
           Dougall as a
           director

2          Ordinary        122 712 059          94.1%    94.5%      5.1%        0.4%
           resolution
           Re-
           appointment
           of Deloitte &
           Touche as
           auditor

3.1        Ordinary        122 712 059          94.1%     100%      0.0%        0.0%
           resolution
           Appointment
           of ZBM Bassa
           as a member
           of the Audit
           Committee

3.2        Ordinary        122 712 059          94.1%     100%      0.0%        0.0%
           resolution 
           Appointment
           of PG de
           Beyer as a
           member of the
           Audit
           Committee

3.3        Ordinary        122 712 059          94.1%    95.3%      4.7%        0.0%
           resolution
           Appointment
           of S Pather
           as a member
           of the Audit
           Committee

 4         Non-binding     122 712 059          94.1%    90.1%      9.9%        0.0%
           advisory vote
           Approval of
           remuneration
           policy

 5         Special         122 712 059          94.1%    87.7%     12.3%        0.0%
           resolution
           Financial
           assistance to
           related or
           inter-related
           companies and
           others

 6         Special         122 712 059          94.1%    99.1%      0.5%        0.4%
           resolution
           Remuneration
           of non-
           executive
           directors

 7         Special         122 712 059          94.1%    99.3%      0.7%        0.0%
           resolution
           General
           authority to
           repurchase
           shares

 8         Ordinary        122 712 059          94.1%     100%      0.0%        0.0%
           resolution
           Authorisat-
           ion of
           directors

 *Based on 135 526 154 ordinary shares in issue at the date of the AGM.
 **In relation to the total number of shares voted at the AGM.

Based on the above results, all resolutions were passed by the requisite
majority of Shareholders present in person or represented by proxy.


Resignation of director

Shareholders are advised that Mr. Peter Matlare has resigned as a
director of Oceana, effective 16 February 2017. The Board of Directors
(“the Board”) wishes to thank Mr. Matlare for his contribution during
his tenure on the Board and we wish him well with his future endeavours.

16 February 2017
Cape Town

Sponsor - South Africa:     The Standard Bank of South Africa Limited

Sponsor Namibia:             Old Mutual Investment Services (Namibia)
Proprietary Limited

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