TRADING STATEMENT

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In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, shareholders are advised that headline earnings per share for the year ended 30 September 2011 are expected to be between 3% and 8% higher than the comparative figure for the year ended 30 September 2010.

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”)

TRADING STATEMENT

In accordance with paragraph 3.4(b) of the Listings Requirements of the JSE Limited, shareholders are advised that headline earnings per share for the year ended 30 September 2011 are expected to be between 3% and 8% higher than the comparative figure for the year ended 30 September 2010. Earnings per share for the year ended 30 September 2011 are expected to be between 10% and 15% higher than the comparative figure for the year ended 30 September 2010.

The financial information on which this trading statement is based has not been reviewed and/or reported on by the Company`s auditors.

The Company expects its results for the year ended 30 September 2011 to be released on SENS on or about 10 November 2011.

Cape Town
24 October 2011

Sponsor
The Standard Bank of South Africa Limited