OCEANA GROUP LIMITED - Trading Statement

Trading Statement

OCEANA GROUP LIMITED
Incorporated in the Republic of South Africa
Registration Number     : 1939/001730/06
JSE/A2X Share Code      : OCE
NSX Share Code          : OCG
OTCQX Share Code        : OCGPF
ISIN Number             : ZAE000025284
("Oceana" or "the Group")

TRADING STATEMENT FOR THE SIX MONTHS ENDING 31 MARCH 2025

The Group is nearing the end of its six months ending 31 March 2025. In accordance with section 3.4(b) of
the Listings Requirements of the JSE Limited ("JSE"), a company must publish a trading statement once it
is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported
on next will differ by at least 20% from the financial results reported in the prior comparative period.

The Group is satisfied that a reasonable degree of certainty exists that total basic headline earnings per
share (HEPS) and total basic earnings per share (EPS) for the six months ending 31 March 2025 will be more
than 40% lower than the reported EPS of 587.6 cents and HEPS of 578.8 cents for the prior comparative
period.

This decrease in earnings is primarily attributable to the record-breaking performance achieved by
Daybrook in the prior comparable period which was largely driven by record fish oil prices. As expected,
the normalisation of global supply following the recovery of Peruvian production, led to a decline in average
fishmeal and particularly fish oil prices in the period, contributing to the decline in earnings.

Further earnings guidance will be provided to shareholders when the Group has reasonable certainty of the
anticipated EPS and HEPS range, in accordance with paragraph 3.4(b)(iii) of the Listings Requirements of
the JSE.

The Group is expected to release its interim results on the Stock Exchange News Service on 9 June 2025.

The financial information and any forward-looking statements in this announcement have not been
reviewed or reported on by the Group's auditors.


26 February 2025
Cape Town

JSE Sponsor – Primary Listing
The Standard Bank of South Africa Limited

NSX Sponsor – Secondary Listing
Old Mutual Investment Services (Namibia) Proprietary Limited

Date: 26-02-2025 05:05:00
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