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Oando Plc - Finalisation Information Regarding The Declared Dividend

Release Date: 29/07/2013 07:06:00      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: UNTP
ISIN: NGOANDO00002
(?Oando? or the ?Company?)

FINALISATION INFORMATION REGARDING THE DECLARED DIVIDEND

Shareholders are advised that at the 36th Annual General Meeting of Oando
held at 10:00 Nigerian Time on 25 July 2013, shareholders of the Company
approved the declaration and payment of a 75kobo (Seventy-five Kobo) per
share dividend to holders of ordinary shares whose names appear in the
Company?s register of members of Nigeria as at close of business on the 5th
July 2013 and for members of South Africa as at close of business on the 8th
of August 2013. The dividend will be paid on or about the 30th of August
2013 subject to Nigerian withholding tax of 10%.


Accordingly, the following finalisation information is provided in respect
of the dividend to South African shareholders:

The gross dividend of 75 kobo per share has been declared.

Shareholders are advised that a Nigerian withholding tax of 10% is payable
by all shareholders on the dividend. Accordingly the dividend net of
withholding tax is 67.5 Kobo per ordinary share.

South African shareholders who are not exempt from South African Dividend
Withholding Tax (?dividend tax?) will be required to pay the 15% dividend
tax less the 10% Nigerian withholding tax making the net dividend payable to
those shareholders of 63.75 kobo per ordinary share.

The issued share capital of Oando at the finalisation date is 6,822,354,414
ordinary shares.

In order to comply with the requirements of Strate the relevant details are
as follows:


Event                                          Date
Finalisation date of dividend                            Friday, 26 July 2013
Currency conversion calculated at close of            Wednesday, 31 July 2013
business in South Africa on
Last day to trade cum dividend                        Thursday, 1 August 2013
Ordinary shares commence trading ex dividend             Friday,2 August 2013
Record date (date shareholders recorded in            Thursday, 8 August 2013
books)
Payment date                                          Friday, 30 August 2013
Notes:

1. The above dates and times are based on South African dates and
times.
2. It is anticipated that payment due to certificated shareholders on the
South African registry will either be electronically transferred to
shareholders` bank accounts or, in the absence of suitable mandates,
dividend cheques will be posted to such shareholders by Friday, 30 August
2013.
3. Shareholders who hold dematerialised shares will have their accounts,
at their Central Securities Depository Participant or broker credited by
Friday, 30 August 2013 in respect of the
dividend.
4. Share certificates may not be dematerialised or rematerialised
between Friday, 2 August 2013 and Thursday, 8 August 2013, both days
inclusive.
5. Any amendments to the above dates and times will be published on
SENS.


29 July 2013
Sandton

JSE Sponsor
Macquarie First South Capital (Proprietary) Limited

Date: 29/07/2013 07:06:00 Supplied by www.sharenet.co.za                     
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