Extension of acceptance period for Oando PLC rights issue

Extension of Acceptance Period for Oando Plc Rights Issue : Nigeria’s leading indigenous energy firm

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Lagos, Nigeria – Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange, today announced a 2 week extension for the acceptance period of the N48.8 billion Rights Issue

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Shareholders requested for an extension of the acceptance period as a result of the delay in receipt of their Rights Issue Circulars as a result of the skeletal postal service during the 2014 end of year festivities.

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Nigeria’s leading indigenous energy firm In this regard, an application was made to the Securities & Exchange Commission to extend the closing date of the acceptance list and this has been approved accordingly. The acceptance list will therefore now close on Wednesday, 28^th January, 2015.

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Receiving agents now have till Wednesday, 11th February, 2015 to forward returns to the Registrars, First Registrars Nigeria Limited.

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Ends.

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For further information, please contact:

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Tokunboh Akindele

Head, Investor Relations

2, Ajose Adeogun Street,

Victoria Island,

Lagos,Nigeria.

Tel: +234 (1) 2601290-9,Ext 6396

aakindele@oandoplc.com

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