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Oando Plc - Update - Port Harcourt Refining Company ("PHRC")

Release Date: 23/12/2005 11:09:15      Code(s): OAO
Oando Plc - Update - Port Harcourt Refining Company ("PHRC")                    
Oando Plc                                                                       
(Incorporated in Nigeria and registered as an external company in South Africa) 
(Registration number: RC6474)                                                   
(External company registration number 2005/038824/10)                           
Share code on the JSE Limited: OAO                                              
Share code on the Nigerian Stock Exchange: UNTP                                 
ISIN: NG00000UNTP0                                                              
("Oando" or "the Company")                                                      
Update - Port Harcourt Refining Company ("PHRC")                                
Oando shareholders are advised that the Bureau of Public Enterprises of Nigeria 
has extended the PHRC bid timetable until February 2006. Oando will provide a   
further update in due course.                                                   
23 December 2005                                                                
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 23/12/2005 11:09:19 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             

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