Repurchase, Cancellation And Delisting Of Treasury Shares 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: ZAE 000025284 ("Oceana" or "the Company" or “the Group”) REPURCHASE, CANCELLATION AND DELISTING OF TREASURY SHARES Shareholders are advised that Oceana has repurchased 5,094,350 ordinary shares of no par value held in treasury by its wholly-owned subsidiary, Lucky Star Limited ("Lucky Star") (“Treasury Shares”) at a repurchase price of R17,40 per share (in aggregate R88,650,907) (the “Repurchase”). The Repurchase was executed in accordance with the requirements of the Companies Act No. 71 of 2008 and is cash neutral for the Group. The Treasury Shares were acquired by Lucky Star in terms of specific authorities to repurchase shares approved by Oceana shareholders during the annual general meeting held on 8 February 2007 and the general meeting of shareholders held on 19 December 2007, respectively. Following the Repurchase, the Company applied to the JSE Limited (“JSE”) for the cancellation and delisting of the Treasury Shares and accordingly, the Treasury Shares will be cancelled and delisted on the JSE on 30 March 2020. The Treasury Shares represented 3,76% of the issued share capital of the Company immediately prior to their cancellation. Following the cancellation, the issued share capital of the Company now comprises 130 431 804 ordinary shares of no par value. Cape Town 30 March 2020 JSE Sponsor: The Standard Bank of South Africa Limited NSX Sponsor: Old Mutual Investment Services (Namibia) Proprietary Limited Date: 30-03-2020 01:59:00 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.