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OANDO PLC - Closing of Rights Issue

Release Date: 21/02/2013 16:33:00      Code(s): OAO     
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: OANDO
(?Oando? or the ?Company?)


Shareholders are referred to the announcements released on the
Stock Exchange News Service (?SENS?) on 21 December 2012, 5
and 8 February 2013 respectively, and are advised that the
Rights Issue of 4,548,236,276 ordinary shares of 50 kobo each
at NGN 12.00 per share on the basis of two (2) new ordinary
shares for every one (1) ordinary share of 50 kobo each held
(the ?Rights Issue?), closed yesterday, 20 February 2013.

The expected date for allotment of the Excess Rights Issue shares
will be on or about Wednesday, 24 April 2013.

21 February 2013

Financial Adviser, JSE Transaction Sponsor and JSE Sponsor
Macquarie First South Capital (Proprietary) Limited

Date: 21/02/2013 04:33:00 Supplied by www.sharenet.co.za                     
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