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Right Issue – Update Announcement

Oando PLC

(Incorporated in Nigeria and registered as an external company in South Africa)

External Registration number: RC 6474

Company registration number: 2005/038824/10

Share Code on the JSE Limited: OAO

Share Code on the Nigerian Stock Exchange: OANDO

ISIN: NGOANDO00002

(“Oando” or the “Company”)

RIGHTS ISSUE – UPDATE ANNOUNCEMENT

Shareholders on the South African register of Oando (“Shareholders”) are referred to the announcement published on the Stock
Exchange News Service of the JSE Limited dated 4 February 2015 (“the Announcement”) regarding the revised terms and dates of
the Oando Rights Issue (“the Rights Issue”).

Further to the publication of the Announcement, Shareholders are hereby advised that the allotment and listing of the Rights
Issue shares is still subject to the receipt of the Nigerian Securities and Exchange Commission’s (“Nigerian SEC”) clearance
of the allotment proposal. Accordingly, the dates set out in the Announcement are no longer applicable.

Shareholders will be advised of the new dates/information relating to the allotment of shares as well as listing and trading
thereof as soon as the Nigerian SEC’s clearance of the allotment proposal has been obtained.

23 April 2015

Sandton

 

JSE sponsor

Sasfin Capital (a division of Sasfin Bank Limited)

 

Leading Issuing House
Vetiva Capital Management Limited

Joint Issuing Houses
FBN Capital Limited
FCMB Capital Markets Limited
Marina Securities Limited
Stanbic IBTC Capital Limited
Zenith Capital Limited
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