Oceana Group Limited 2022 Share Plan: Dealing In Securities By Director’s And The Company Secretary 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 2022 SHARE PLAN: DEALING IN SECURITIES BY DIRECTOR’S AND THE COMPANY SECRETARY In compliance with paragraphs 3.63 – 3.74 of the Listings Requirements of JSE Limited (“the JSE”), shareholders are advised that the Company has offered the following Deferred Bonus Shares (“DBS”) and Performance Vesting Shares (“PVS”) on 1 November 2022* and 22 November 2022 (“Offer Date”) to the following directors of the Company and the directors of major subsidiaries of the Company (“the Participants”), as set out below. On the respective Offer Dates the Group was in a mandatory Closed Period. With the publication of the Group’s provisional reviewed condensed results on 05 December 2022, the Participants below are now permitted to deal in securities. The offers were accepted by the Participants on 14 December 2022 (“Acceptance Date”). DBS are settled after three years from the Offer Date and are conditional on the Participant still being in the employment of the Group at the time of vesting. PVS are conditionally awarded with the final number settled after three years from the respective Offer Dates dependent on the performance criteria set being met. The number of shares to be settled will range from 0% to 200% of the conditional award, subject to the Board’s discretion. The determined number of DBS and PVS will be settled for the Participant in Oceana Group shares or in cash, at the Company’s sole and absolute discretion. The DBS and PVS offered and accepted by the Participants are summarised below: Director / Officer Office Held No of DBS awarded No of PVS awarded Mr. Z Mahomed Chief Financial Officer Designate** Not applicable**** 70 607* 37 500 Mr. L De Waal Director of a Major Subsidiary*** 31 500 27 700 Mr. S Salie Director of a Major Subsidiary*** 28 100 26 400 Ms. N Velleman Director of a Major Subsidiary*** 20 000 17 300 Ms. S Naidoo Director of a Major Subsidiary*** 10 800 5 900 Ms. N Morgan Group Company Secretary Not applicable**** 5 800 * The PVS was offered to the Chief Financial Officer Designate on his effective contractual date of employment ** Current Chief Financial Officer Designate – Assumes role as Chief Financial Officer and Executive Director of the Company on 01 February 2023 *** Major Subsidiary - Lucky Star Limited **** Appointed post DBS eligible date of 30 June 2022 The following are applicable to the above dealings for the Director’s listed above: Class of underlying security to which rights attach Ordinary shares DBS Award Price per share R nil (not applicable) PVS Award Price per share R nil (not applicable) Value of transactions R nil (not applicable) Nature of transactions Off-market acceptance of DBS and PVS DBS vesting period/s Vests on third anniversary of Offer Date PVS vesting period/s Vests on third anniversary of Offer Date Nature of interest Direct beneficial In accordance with section 3.66 of the Listings Requirements the necessary clearance was obtained for the abovementioned Director’s to deal in DBS and PVS securities, respectively. 14 December 2022 Cape Town Sponsor – Primary Listing The Standard Bank of South Africa Limited Namibian Sponsor – Secondary Listing Old Mutual Investment Services (Namibia) Proprietary Limited Date: 14-12-2022 05:00:00 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.