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Oao - Oando Plc - Announcement Regarding Declared Bonus Issue Of Ordinary Shares

Release Date: 16/09/2011 10:00:18      Code(s): OAO
OAO - Oando Plc - Announcement regarding declared bonus issue of ordinary shares
Oando PLC                                                                       
(Incorporated in Nigeria and registered as an external company in South Africa) 
(External Registration number: RC 6474                                          
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")                                                      
Announcement regarding declared bonus issue of ordinary shares                  
Shareholders are referred to the announcements released on the Securities       
Exchange News Service on 5 April 2011 and Friday, 01 July 2011 respectively,    
regarding the declaration of a bonus issue of ordinary shares and are advised   
that the bonus issue as approved by shareholders at the annual general meeting  
held on Thursday, 30 June 2011, was registered by the Nigerian Securities and   
Exchange Commission on Monday, 12 September 2011.                               
The declared bonus shares issued at the rate of one ordinary share of fifty kobo
for every four ordinary shares of fifty kobo each held as April 30, 2011 will be
issued and listed on the Nigerian Stock Exchange and the JSE Limited on or about
Wednesday, 21 September 2011.                                                   
Shareholders` accounts with Central Securities Depository Participants and      
brokers will be credited in South Africa with bonus shares or issue of new share
certificates in respect of the bonus issue on the same day, being Wednesday, 21 
September 2011.                                                                 
Shareholders are advised that they may not trade in their new bonus shares until
they have been issued.                                                          
Rounding principle                                                              
The allocation of bonus shares will be such that shareholders will not be       
allocated a fraction of a bonus share and therefore any bonus share giving rise 
to a fraction of less than one of a bonus share will be rounded down to the     
nearest whole number. This is applicable to investors on both the Nigerian and  
South African share register.                                                   
Sandton                                                                         
16 September 2011                                                               
JSE Sponsor                                                                     
Macquarie First South Capital (Proprietary) Limited                             
Date: 16/09/2011 10:00:18 Supplied by www.sharenet.co.za                     
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