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Oao - Oando Plc - Amendment To The Audited Results For The Full Year Ended 31

Release Date: 02/07/2009 17:00:02      Code(s): OAO
OAO - Oando Plc - Amendment to the audited results for the full year ended 31   
December 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: NGOANDO00002NG                                                            
("Oando" or "the Company" or "the Group")                                       
Amendment to the audited results for the full year ended 31 December 2008       
Since the release of Oando`s audited results on 8 June 2009, the statement of   
the Group performance on a divisional basis has been amended due to the         
reallocation of certain figures, as follows:                                    
             Exploration  Refining &   Gas & power  Energy       Total          
&            marketing                 services &                  
             production                             Group                       
                                                    office                      
             US$`000      US$`000      US$`000      US$`000      US$`000        
Gross segment 106,240      4,334,425    55,524       35,018       4,531,207     
revenue                                                                         
Inter-segment -            (1,844,663)  -            -            (1,844,663)   
revenue                                                                         
Revenue       106,240      2,489,762    55,524       35,018       2,686,544     
Operating     36,942       78,935       4,316        17,864       138,057       
(loss)/profit                                                                   
Finance costs (5,884)      (36,312)     (2,185)      (2,752)      (47,133)      
- net                                                                           
Profit before                                                     90,925        
income tax                                                                      
Income tax                                                        (16,346)      
expenses                                                                        
Profit for                                                        74,579        
the year                                                                        
Johannesburg                                                                    
2 July 2009                                                                     
Sponsor: Deutsche Securities (SA) (Proprietary) Limited                         
Date: 02/07/2009 17:00:02 Supplied by www.sharenet.co.za                     
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