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Oao - Oando Plc - Recommendation Of Dividend - Audited Results For The Full Year

Release Date: 09/06/2009 11:44:01      Code(s): OAO
OAO - Oando Plc - Recommendation of dividend - Audited results for the full year
ended 31December 2008                                                           
Oando Plc                                                                       
(Incorporated in Nigeria and registered as an external company in South Africa) 
Registration number: RC 6474                                                    
(External company registration number: 2005/038824/10)                          
Share Code on the JSE Limited: OAO                                              
Share Code on the Nigerian Stock Exchange: UNTP                                 
ISIN: NGOANDO00002                                                              
("Oando" or "the Company" or "the Group")                                       
Recommendation of dividend - Audited results for the full year ended 31December 
2008                                                                            
Dividend                                                                        
The board will be recommending a final cash dividend of Three Naira (Naira 3.00)
for each ordinary share of 50 kobo each, payable on the Monday, 3 August 2009 to
those shareholders, whose names appear in the Company`s Register of Members     
(Nigerian & South Africa) at the close of business on Friday, 3(July, 2009      
(2007: Naira 6.00 per ordinary share) for the twelve months to 31(December 2008.
Shareholders are reminded that an interim cash dividend of Three Naira (Naira   
3.00) was paid on September 30, 2008. The dividend is subject to the approval of
shareholders at the Annual General Meeting to be held on 30 July 2009.          
                                                          2009                  
Currency conversion at 11:00 South African time on         Friday, 5 June       
Last day for trading to qualify for and participate in the Friday, 26 June      
dividend (cum dividend)in South Africa                                          
Trading ex dividend in South Africa commences on           Monday, 29 June      
Record date in South Africa                                Friday, 3 July       
Record date in Nigeria                                     Friday, 3 July       
Register of members and Transfer Books Closed in Nigeria   Monday,6 July -      
                                                          Friday,10 July        
Dividend payment date in Nigeria                           Monday, 3 August     
Dividend payment date in South Africa (electronic and                           
certificated register)                                     Monday, 3 August     
On Monday, 3 August 2009 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 Monday, 3 August
2009. Share certificates may not be dematerialised or rematerialised between    
Monday, 29 June 2009 and Friday, 3 July 2009, both days inclusive.              
Currency conversion                                                             
The currency conversion at 11:00 South African time on Friday, 5 June 2009 was 1
Rand = Naira (19.57). Accordingly, the dividend of three Naira (Naira           
3.00)(being the balance to be paid) per ordinary share equates to (15.32959)    
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) ((13.79663) cents per ordinary share).      
Johannesburg                                                                    
9 June 2009                                                                     
Sponsor:                                                                        
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 09/06/2009 11:44:01 Supplied by www.sharenet.co.za                     
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