OCEANA GROUP LIMITED - Oceana Group Limited 2022 Share Plan: Dealing in Securities by Directors and the Company Secretary

Oceana Group Limited 2022 Share Plan: Dealing in Securities by Directors and the Company Secretary

Oceana Group Limited
Incorporated in the Republic of South Africa
(Registration number 1939/001730/06)
JSE / A2X 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 DIRECTORS 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 awarded the following Deferred Bonus Shares ("DBS") and Performance Shares ("PS") on
4 December 2023 ("Award Date") to the following directors of the Company and the directors of major subsidiaries of
the Company ("the Participants"), as set out below.

The award was accepted by the Participants on 5 December 2023 ("Acceptance Date").

DBS are settled after three years from the Award Date and are conditional on the Participant still being in the
employment of the Group at the time of vesting.

PS are conditionally awarded with the final number settled after three years from the respective Award 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 PS will be settled for the Participant in Oceana Group shares or in cash, at the
Company's sole and absolute discretion.

The DBS and PS awarded and accepted by the Participants are summarised below:

Director / Officer    Office Held                            No. of DBS awarded          No. of PS awarded

Mr. Z Mahomed         Group Executive Director and             43 789                    31 752
                      Chief Financial Officer

Mr. J Jaga            Group Company Secretary                  14 623                    17 954

Mr. L De Waal         Director of a Major Subsidiary*          35 358                    23 539

Mr. S Salie           Director of a Major Subsidiary*          30 664                    22 402

Ms. S Louw            Director of a Major Subsidiary*          13 784                    6 174

Ms. S Naidoo          Director of a Major Subsidiary*          11 450                    4 978
* Major Subsidiary, being Lucky Star Limited

The following are applicable to the above dealings for the Directors' listed above:

Class of underlying security to which rights attach          Ordinary shares
DBS Award Price per share                                    R nil (not applicable)
PS Award Price per                                           R nil (not applicable)
Value of transactions                                        R nil (not applicable)
Nature of transactions                                       Off-market acceptance of DBS and PS
DBS vesting period/s                                         Vests on third anniversary of Award Date
PS vesting period/s                                          Vests on third anniversary of Award Date
Nature of interest                                           Direct beneficial

In accordance with section 3.66 of the Listings Requirements the necessary clearance was obtained for the
abovementioned Directors to deal in DBS and PS securities, respectively.

08 December 2023
Cape Town

Sponsor – Primary Listing
The Standard Bank of South Africa Limited

Namibian Sponsor – Secondary Listing
Old Mutual Investment Services (Namibia) Proprietary Limited

Date: 08-12-2023 09:00:00
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