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Oao - Oando Plc - Posting Of Rights Issue Circular

Release Date: 01/02/2010 13:36:02      Code(s): OAO
OAO - Oando PLC - Posting Of Rights Issue Circular                              
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")                                                      
The distribution of this announcement, the Rights Issue, and the transfer of    
the Rights Issue shares and/or the rights to subscribe for the Rights Issue     
shares in jurisdictions other than the Federal Republic of Nigeria or South     
Africa may be restricted by law and failure to comply with any of those         
restrictions may constitute a violation of the laws of any such jurisdiction.   
Neither this announcement, nor any form of instruction, may be regarded as an   
offer in any jurisdiction in which it is illegal to make such an offer, and     
in particular, is not for distribution in the United States of America,         
Australia, United Kingdom, Canada or Japan.  In those circumstances, this       
announcement is for information purposes only.                                  
It is the responsibility of any person outside the Federal Republic of          
Nigeria or South Africa (including, without limitation, nominees, agents and    
trustees for such persons) receiving this announcement and wishing to take up   
rights under the Rights Issue, to satisfy himself as to full observance of      
the applicable laws of any relevant territory, including obtaining any          
requisite governmental or other consents, observing any other requisite         
formalities and paying any issue, transfer or other taxes due in such           
territories.                                                                    
POSTING OF RIGHTS ISSUE CIRCULAR                                                
Oando shareholders are referred to the finalisation announcement released on    
SENS on Friday, 22 January 2010 and published in the South African press on     
Monday, 25 January 2010 relating to the proposed rights issue of 301 694 876    
ordinary shares of 50 kobo each at Naira 70.00 (ZAR 3.49) per share on the      
basis of one (1) new ordinary share for every three (3) ordinary shares of 50   
kobo each held as at the close of business on Friday, 18 December 2009 for      
those shareholders in Nigeria whose names appear on the Register of Members     
and transfer books of the Company and shareholders in South Africa whose        
names appear on the Register of Members and transfer books as at the close of   
business on Friday, 29 January 2010, being the Friday prior to the offer        
opening date for South African shareholders ("the Rights Issue").               
South African shareholders are advised that the Rights Issue circular has       
been posted today and that an electronic version of the Rights Issue circular   
may be obtained from Oando`s website (www.oandoplc.com).                        
In addition, hard copies of the Rights Issue circular may be obtained from      
Monday, 1 February 2010 to Friday, 19 February 2010 from the Company`s          
transfer secretaries whose address and contact details are set out below.       
Computershare Investor Services (Proprietary) Limited                           
70 Marshall Street                                                              
Johannesburg, 2000                                                              
Corporate Actions Department                                                    
+27 (0) 11 370 5200                                                             
Johannesburg                                                                    
1 February 2010                                                                 
Leading Issuing House                                                           
Vetiva Capital Management Limited                                               
Joint Issuing Houses                                                            
FCMB Capital Markets Limited                                                    
A member of First City Group                                                    
Stanbic IBTC Bank plc                                                           
A member of the Standard Bank Group                                             
Sponsor to Oando in South Africa                                                
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 01/02/2010 13:36:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          



                                        
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