OCEANA BULLETIN : APPOINTMENTS LEA CONRAD & MBUYI MTSHEKETSHE

.

I am pleased to advise that Lea Conrad has been appointed as managing director of the Hake Division in Blue Continent Products.

Following her appointment it has become necessary to reassign certain current group responsibilities held by Lea.

In this regard I am pleased to announce that Mbuyi Mtsheketshe takes over responsibility for the Transformation portfolio at Group level and has also been appointed as a member of the Transformation Committee by the Oceana Board.

Lea will continue to retain all her other current responsibilities.

There are exciting opportunities ahead for the Hake business as well as continuing challenges facing the group as regards Transformation.

I wish both Lea and Mbuyi every success with their respective new responsibilities.

Andrew Marshall

CEO Oceana Group Ltd.

09 May 2008