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Oao - Oando Plc - Declaration Of Interim Dividend Number 2

Release Date: 29/07/2008 16:00:02      Code(s): OAO
OAO - Oando Plc - Declaration Of Interim Dividend Number 2                      
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 Code: NG00000UNTP0                    
Share code on the Nigerian Stock Exchange: UNTP                                 
("Oando" or "the Company")                                                      
Declaration of interim dividend number 2                                        
Dividend                                                                        
The board has declared an interim dividend of three Naira (Naira 3.00) for each 
ordinary share of 50 kobo each, payable on the 30th September 2008 to those     
shareholders, whose names appear in the Company`s Register of Members (Nigerian 
& South Africa) at the close of business on Friday, 15th of August, 2008 (2007: 
Naira 0.00 per ordinary share) for the six months to 30 June 2008.              
Currency conversion at 11:00 South African time         Friday, 25 July 2008    
on                                                                              
Last day for trading to qualify for and                Friday, 8 August 2008    
participate in the dividend (cum dividend)in                                    
South Africa                                                                    
                                                                                
Trading ex dividend in South Africa commences         Monday, 11 August 2008    

on                                                                              
Record date in South Africa                           Friday, 15 August 2008    
                                                                                
Record date in Nigeria                                Friday, 15 August 2008    
                                                                                
Register of members and Transfer Books Closed     18 August - 22 August 2008    
                                                                                
in Nigeria                                                                      
Dividend payment date in Nigeria                  Tuesday, 30 September 2008    
                                                                                
Dividend payment date in South Africa             Tuesday, 30 September 2008    
(electronic and certificated register)                                          
On Tuesday, 30 September 2008 payment 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 Tuesday, 30     
September 2008. Share certificates may not be dematerialised or rematerialised  
between Monday, 11th August 2008 and Friday 15th August 2008, both days         
inclusive.                                                                      
Currency conversion                                                             
The currency conversion at 11:00 South African time on 25 July 2008 was 1 Rand =
Naira (15.82). Accordingly, the dividend of three Naira (Naira 3.00) per        
ordinary share equates to (18.96) cents per ordinary share.                     
Withholding tax                                                                 
Shareholders are advised that a withholding tax of 10% is payable by all        
shareholders on the dividend. Accordingly the dividend net of withholding tax is
Two Naira Seventy Kobo (Naira 2.70) ((17.06) cents per ordinary share).         
Johannesburg                                                                    
29 July 2008                                                                    
Sponsor:                                                                        
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 29/07/2008 16:00:02 Supplied by www.sharenet.co.za                     
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