Oceana – Results Of General Meeting and Fulfilment Of All Outstanding Conditions Precedent

Release Date: 22/09/200611:34:55 Code(s): OCE
Oceana Group Limited
(Incorporated In The Republic Of South Africa)
(Registration Number 1939/001730/06)
Jse Share Code:OCE
Nsx Share Code:OCG
Isin: ZAE000025284

Results of general meeting and Fulfilment of all outstanding conditions precedent

A general meeting of Oceana shareholders was held on Friday, 22 September 2006 at the registered office of Oceana (“general meeting”) to consider the special resolution and ordinary resolutions relating to Oceana’s proposed black economic empowerment transaction (“BEE transaction”).

Oceana’s BEE transaction was set out in the circular to Oceana shareholders dated 31 August 2006 (“Oceana circular”). At the general meeting all the resolutions were passed by the requisite majority of Oceana shareholders. In addition, the special resolution has been lodged with and will be registered by the Registrar of Companies.

All conditions precedent to the BEE transaction, as detailed in the Oceana circular, have therefore been fulfilled. Accordingly, Oceana’s BEE transaction will be implemented.

22 September 2006

Investment bank and sponsor

The Standard Bank of South Africa Limited

Date: 22/09/2006 11:34:58 AM

Produced by the JSE SENS Department

For further information please contact: Mbuyi Mtsheketshe, Oceana Group Limited

Tel: +27 21 –410 1400 Fax: +27 21 -419 5979 e-mail: