CAUTIONARY ANNOUNCEMENT

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Shareholders are advised that Oceana has entered into negotiations, which if successfully concluded, may have a material effect on the price of the Company’s securities.

Oceana Group Limited
Incorporated in the Republic of South Africa
(Registration Number 1939/001730/06)
JSE Share Code: OCE
ISIN Number: ZAE000025284
NSX Share Code: OCG
(“Oceana” or “the Company”)

CAUTIONARY ANNOUNCEMENT

Shareholders are advised that Oceana has entered into negotiations, which if successfully concluded, may have a material effect on the price of the Company’s securities.

Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until a further announcement is made.

Cape Town
24 October 2011

Sponsor
The Standard Bank of South Africa Limited