Oando Plc - Recommendation Of Final Dividend Number 15                          
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 & ISIN: NG00000UNTP0                         
Share code on the Nigerian Stock Exchange: UNTP                                 
("Oando" or "the Company")                                                      
Recommendation of final dividend number 15                                      
The directors of Oando have recommended a final dividend of Naira2.50 per share 
(2004: Naira2.00 per share) for the twelve months to 31 December 2005. The      
dividend has been recommended and will be declared in Naira, the currency of    
Nigeria.  The salient dates are:                                                
Currency conversion at 11:00                                                    
South African time on                        Wednesday, 19 April 2006           
Last day for trading to qualify                                                 
for and participate in the                                                      
dividend (cum dividend)in South                                                 
Africa                                       Wednesday, 26 April 2006           
Trading ex dividend in South Africa                                             
commences                                    Friday, 28 April 2006              
Record date in South Africa and                                                 
Nigeria                                      Friday, 5 May 2006                 
Register of members and Transfer Books                                          
Closed in Nigeria                            8 - 12 May 2006                    
Annual general meeting                       Tuesday, 30 May 2006               
Warrants posted in Nigeria                   Thursday, 1 June 2006              
Dividend payment date in South Africa                                           
(electronic and certificated register)       Monday, 5 June 2006                
On 5 June 2006, dividends due to certificated shareholders on the South African 
registry will either be electronically transferred to shareholders" bank        
accounts or, in the absence of suitable mandates, dividend cheques will be      
posted to such shareholders.                                                    
Shareholders who hold dematerialised shares will have their accounts, at their  
Central Securities Depository Participant or broker credited on Monday, 5 June  
2006.                                                                           
Share certificates may not be dematerialised or rematerialised between Friday,  
28 April 2006 and Friday, 5 May 2006, both days inclusive.                      
Johannesburg                                                                    
11 April 2006                                                                   
Sponsor:                                                                        
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 11/04/2006 05:57:20 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department