NEWS RELEASE: OCEANA APPOINTS SIMON CUMMINGS AS MD OF ITS COLD STORAGE DIVISION

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Oceana Group, a company listed on the Namibian and South African stock exchanges and involved in the fishing and cold storage industries, recently announced the appointment of Simon Cummings to head its cold storage division as from July 2007.

Simon spent most of his life in Namibia, growing up in Windhoek where he was schooled at St. Paul’s College. He obtained a B.Com degree and served articles of clerkship at Deloitte & Touche auditing firm in Windhoek.

In 1993 he was appointed by Oceana to manage their cold storage operation in Walvis Bay, later serving in other managerial positions in Oceana’s fishing companies.

Oceana’s cold storage division is the Commercial Cold Storage Group Ltd, which owns refrigerated warehouses across eight sites in Walvis Bay, Cape Town, Johannesburg and Durban. The business provides bulk refrigerated storage services to local producers, importers and exporters of a wide range of food products as well as chilled storage services to fruit producers and exporters via Durban and Cape Town. The division has been in existence for over thirty years and is the leading cold storage service provider in the SADC region.

For further information please contact:

Mbuyi Mtsheketshe

Oceana Group Limited

Tel: +27 21 410 1400

Fax: +27 21 419 5979

Email: mmtsheketshe@oceana.co.za