I have pleasure in advising that Rod Nicol has been appointed Acting Chief Executive Officer (CEO) of Oceana Group Limited with effect from 01 March 2009.

Rod has extensive knowledge of and experience in Oceana`s business. During this period he will continue with his duties as Financial Director of the company.

Oceana`s board of directors will announce the appointment of a person to the formal position of CEO, on a permanent basis, once it has considered proposals in this regard from Oceana`s Remuneration and Nominations Committee (Remcom). Remcom is well advanced in the process of considering candidates for appointment to the position, and expects to make a recommendation to the board by 31 March.

I am confident that Oceana will continue to operate successfully while this process leading to a new appointment runs its course.

Mustaq Brey


Oceana Group Limited