Oceanic Bank Surprise for Faithful Shareholder.

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OCEANIC BANK INTL PLC AUDITED ACCOUNT FOR THE YEAR ENDED SEPTEMBER 30, 2007TURNOVER 07 N74.936b, 06 N44.689b

PBT 07 N23.007b, 06 N11.360b

TAXATION 07 (N5.469b) 06 (N2.061b)

PAT 07 N17.537b, 06 N9.299b

PAT & MINORITY INTEREST 07 N17.532b, 06 N9.300b PROPOSED DIV 102K

CDATE JAN 16TH TO 18, 2008

PAYMENT DATE JAN 21, 2008

OCEANICBANK closed up 1.390 at 30.790. Volume was 49% above average (neutral) and Bollinger Bands were 38% narrower than normal.

Open High Low Close Volume___

29.400 30.870 29.000 30.790 12,585,891

Technical Outlook

Short Term: Neutral

Intermediate Term: Bullish

Long Term: Bullish

Price Trend Report:5 Moving Average: Current price is above 5-period moving average: 30.03

21 Moving Average: Current price is above 21-period moving average: 30.06

LSQ Analysis: Current price is 15% above its price trend.

Bollinger Band Analysis: Price Volatility: As usual; Price Trend: Up.

Hurst Trend Analysis: Hurst Exponent: 1.0000, current trend will continue

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Technical Indicators Report: Value Tips

RSI 60.1

MACD 0.1

CCI 39.8 Buy Opportunity.

DMI 19.4; 6.0

K%D 92.5; 48.2 Market is in up trend.

NVI 1.1

OBV 854856.9

PVI 79.5

Price Direction(short term): Price will go up.