Stock Exchange News Service

Results of Annual General Meeting

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

Shareholders of Oceana (Shareholders) are advised that the voting results for the Annual General Meeting (AGM) of
Oceana held on Wednesday, 24 March 2021 were as follows:

-         Total number of Oceana shares in issue as at the date of the AGM: 130 431 804.
-         Total number of Oceana shares that were present/represented including proxies at the AGM: 121 225 507 being
          92,94% of the voteable and exercisable shares.


    Resolution           Resolution          Number of      Percentage of        For         Against     Abstained*
                                            shares voted      shares in
     Number                                                                       %             %             %
                                                               issue*
                                                                  %
    1.1            Ordinary Resolution
                                            121 206 922       92,93% 1       116 075 692     5 131 230      18 585
                   Re-election of ZBM                         92,93% 2         95,77%         4,23%        0,01% 1
                   Bassa as director
                                                                                                           0,01% 2
    1.2            Ordinary Resolution
                                            121 206 922       92,93% 1       116 037 044     5 169 878      18 585
                   Re-election of M Brey                      92,93% 2         95,73%         4,27%        0,01% 1
                   as director
                                                                                                           0,01% 2
    1.3            Ordinary Resolution
                                            121 206 222       92,93% 1       120 450 033     756 189        19 285
                   Re-election of N                           92,93% 2         99,38%         0,62%        0,01% 1
                   Pangarker as director
                                                                                                           0,01% 2
    1.4            Ordinary resolution
                                            121 206 922       92,93% 1       120 467 909     739 013        18 585
                   Re-election of I                           92,93% 2         99,39%         0,61%        0,01% 1
                   Soomra as director
                                                                                                           0,01% 2
    1.5            Ordinary resolution
                                            121 206 922       92,93% 1       120 536 560     670 362        18 585
                   Election of H Karrim                       92,93% 2         99,45%         0,55%        0,01% 1
                   as director
                                                                                                           0,01% 2
    2.             Ordinary Resolution
                                            121 206 922       92,93% 1       121 188 434      18 488        18 585
                   To appoint PWC as                          92,93% 2         99,98%         0,02%        0,01% 1
                   external auditor
                                                                                                           0,01% 2
    3.1            Ordinary Resolution
                                            121 206 222       92,93% 1       115 935 543     5 270 679      19 285
                   Re-election of Z                           92,93% 2         95,65%         4,35%        0,01% 1
                   Bassa as a member of
                   the Audit Committee                                                                     0,01% 2
3.2   Ordinary resolution
                               121 206 922   92,93% 1   100 334 740   20 872 182    18 585
      Re-election of Peter                   92,93% 2     82,78%       17,22%      0,01% 1
      de Beyer as a
      member of the Audit                                                          0,01% 2
      committee
3.3   Ordinary resolution
                               121 206 922   92,93% 1   94 380 587    26 826 335    18 585
      Re-election of S                       92,93% 2     77,87%       22,13%      0,01% 2
      Pather as
      a member of the Audit                                                        0,01% 2
      committee
3.4   Ordinary resolution
                               121 206 922   92,93% 1   121 205 867     1 055       18 585
      Re-election of A                       92,93% 2    100,00%        0,00%      0,01% 1
      Jakoet as a member
                                                                                   0,01% 2
      of the Audit
      Committee of the
      Company
4.1   Non-binding advisory
                               121 206 976   92,93% 1   92 171 791    29 035 185    18 531
      vote
                                             92,93% 2     76,04%       23,96%      0,01% 1
      Approval of the
      remuneration policy                                                          0,01% 2
4.2   Non-binding advisory
                               116 819 156   89,56% 1   87 793 275    29 025 881   4 406 351
      vote
                                             89,56% 2     75,15%       24,85%      3,38% 1
      Approval of the
      implementation report                                                        3,38% 2
5.    Special resolution
                               121 206 962   92,93% 1   103 795 492   17 411 470    18 545
      Financial assistance                   92,93% 2     85,63%       14,37%      0,01% 1
      to related or inter-
                                                                                   0,01% 2      related companies
      and others
6.    Special Resolution
                               121 206 222   92,93% 1  99 376 533    21 829 689    19 285
      Financial assistance                   92,93% 2     81,99%       18,01%      0,01% 1
      for the acquisition of
                                                                                   0,01% 2
      shares in the
      Company or related or
      inter-related company
7.    Special resolution
                               121 207 038   92,93% 1   117 238 354   3 968 684     18 469
      Remuneration of non-                   92,93% 2     96,73%        3,27%      0,01% 1
      executive directors
                                                                                   0,01% 2
8.    Special resolution
                               121 206 962   92,93% 1   121 091 589    115 373      18 545
      General authority to                   92,93% 2     99,90%        0,10%      0,01% 1
      acquire the
      Company’s shares by                                                          0,01% 2
      the Company or its
      subsidiaries
9.    Special resolution
                               121 206 703   92,93% 1   121 205 648     1 055       18 804
      Replacement of the                     92,93% 2    100,00%        0,00%      0,01% 1
      Company’s MOI
                                                                                   0,01% 2
 10.            Ordinary resolution
                                          121 206 222       92,93% 1        121 205 867         355         19 285
               Authorisation of                               92,93% 2        100,00%         0,00%        0,01% 1
               directors
               and company                                                                                 0,01% 2
               secretary
       1 Disclosed as a percentage of the voteable shares
       2 Disclosed as a percentage of the total issued capital


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


25 March 2021
Cape Town

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

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

Date: 25-03-2021 07:30:00

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