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Thu 18 Dec 2003, 11:50 DEALING IN SECURITIES BY DIRECTOR
OCEANA GROUP LIMITED - DEALING IN SECURITIES BY DIRECTOR                        
  OCEANA GROUP LIMITED                                                            
  ("Oceana")                                                                      
  (Registration number. 1939/001730/06)                                           
  Share Code: OCE                                                                 
  ISIN: ZAE000025284                                                              
  Director"s dealings in Oceana shares                                            
  In compliance with rules 3.63 - 3.74 of the Listings Requirements of the JSE    
  Securities Exchange South Africa ("the JSE"), the following information is      
  disclosed:                                                                      
  Director                      :     Mr RG Nicol                                 
  Company name                  :     Oceana                                      
  Date of transaction           :     17 December 2003                            
  Price per unit                :     R16.50                                      
  Number of shares              :     36,905 ordinary shares of 0.1 cents each    
  Aggregate consideration       :     R608,933                                    
  Nature of transaction         :     Sale of shares                              
  Extent of interest            :     Directly beneficial                         
  Clearance to deal in these shares was obtained in accordance with Oceana"s      
  policy with regard to directors" dealings as well as the Listings Requirements  
  of the JSE.                                                                     
  Cape Town                                                                       
  18 December 2003                                                                
  Sponsor                                                                         
  Standard Corporate and Merchant Bank                                            
  A Division of The Standard Bank of South Africa Limited                         
  (Registration number 1962/000738/06)                                            
  Date: 18/12/2003 11:19:03 AM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
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