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Oao - Oando Plc - Extension Of Application Lodgement Date And Payment Date In

Release Date: 17/02/2010 08:37:02      Code(s): OAO
OAO - Oando PLC - Extension of application lodgement date and payment date in   
respect of excess shares for shareholders on The South African register         
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.              
EXTENSION OF APPLICATION LODGEMENT DATE AND PAYMENT DATE IN RESPECT OF EXCESS   
SHARES FOR SHAREHOLDERS ON THE SOUTH AFRICAN REGISTER                           
Oando shareholders are referred to the declaration data announcement released   
on SENS on Tuesday, 19 January 2010 and published in the South African press    
on Wednesday, 20 January 2010 ("the Declaration Data Announcement") and the     
rights issue circular posted to Oando shareholders on Monday, 1 February 2010   
("the Circular"), 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, 29 January 2010, being    
the Friday prior to the offer opening date for South African shareholders       
("the Rights Issue").                                                           
It was stated in the Declaration Data Announcement and the Circular that        
payments for the Rights Issue shares and the excess shares for which            
shareholders or their renouncees may apply in terms of the Circular are to be   
made by all South African shareholders by 12:00 on Friday, 19 February 2010.    
For shareholders on the South African register, the Company has agreed to       
extend the date for payment in respect of the excess shares until 12:00 on      
Friday, 5 March 2010.                                                           
Shareholders should note that the closing date of the Rights Issue in South     
Africa remains unchanged, being Friday, 19 February 2010, as previously         
disclosed in the Declaration Data Announcement and in the Circular.             
It was stated in the Declaration Data Announcement and the Circular that        
applications in respect of the excess shares are to be made by all South        
African shareholders by 12:00 on Friday, 19 February 2010.                      
The Company has agreed to extend the date on which applications in respect of   
excess shares for which South African shareholders or their renouncees may      
apply.  Applications in this regard must be lodged with the Company`s transfer  
secretaries, Computershare Investor Services, by each shareholder`s CSDP or     
broker, by 12:00 on Wednesday, 3 March 2010. Shareholders should accordingly    
instruct their CSDP or broker in terms of the agreement entered into between    
such shareholder and his/her CSDP or broker to enable the CSDP or broker to     
lodge such application by 12:00 on Wednesday, 3 March 2010. Payment in respect  
of the excess shares must be made by no later than 12:00 on Friday, 5 March     
2010. Excess or rejected application monies will be refunded to shareholders    
on Tuesday, 6 April 2010.                                                       
Shareholders on the Nigerian register should note that the closing and payment  
date of the Rights Issue in Nigeria remains unchanged, being Friday, 19         
February 2010, as previously disclosed in the Circular.                         
Johannesburg                                                                    
17 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: 17/02/2010 08:37:01 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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