Oceana Group

Saturday, October 25th, 2014,

Investors

Oceana Group Limited's 2013 Integrated Report provides material information relating to the group's strategy, governance practices and performance for the financial year ended 30 September 2013

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Blue Continent Products

Oceana Group

Blue Continent Products specializes in the fishing, processing, procurement, international market distribution and trading of local and foreign caught demersal species.

Horse mackerel

Oceana’s horse mackerel business is conducted through subsidiaries Blue Continent Products (BCP) in South Africa and Erongo Marine Enterprises (EME) in Namibia and Oceana International on the Isle of Man.

Oceana International is a trading company sourcing frozen fish, including horse mackerel, from a variety of sources for the African market. Horse mackerel is widely consumed in Southern and West Africa from South Africa to Ghana and Nigeria.

EME, as an operating company, owns 3 Pulkovsky meridian / BATM type vessels. The 3 vessels are each 104,5 meters in length with 4407 gross registered tons. The combined annual catch of Horse Mackerel for the three vessels is approximately 100,000 metric tons. The vessels carry two fisheries inspectors who act as compliance observers. EME is centered in Walvis Bay, where selected joint ventures with key empowerment partners afford Oceana access to sustainable quotas plus a wealth of local expertise.

In South Africa, BCP harvests its quota with a R280 million trawler called the Desert Diamond. The Desert Diamond also has scientific observers on board for every tip. They collect data for research purposes, as well as conducting compliance duties. BCP runs a pioneer training program on board the Desert Diamond. For more information on this initiative, please click here.

Oceana’s product quality controllers are on board every fishing trip in South Africa and Namibia. Training of local marine engineers and technical staff continues, supported by graduate recruitment programs.

Hake

Blue Continent Products operates four bottom trawlers which catch hake, monk, kingklip and other by-catch which are processed and frozen at sea. The hake catch is made up of its own quota allocation, as well as that of its JV partners. It is caught using deep sea trawlers, Compass Challenger, Realeka , Toralla and Sandile. All hake and by-catches are boxed and frozen at sea. The hake products are sold on local and export markets, particularly in Spain, Portugal, Netherlands, Australia and Korea.

BCP holds a marine stewardship Council (MSC) certificate for compliance with the MSC chain of custody requirements for its hake products. The South African hake is MSC certified, which confirms compliance with the MSC’s rigorous standards concerning responsible and sustainable fishing.

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Hake: Horse Mackerel: