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Oando Plc - Currency Conversion Regarding The Declared Dividend

Release Date: 01/08/2013 09:49:00      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?)

CURRENCY CONVERSION REGARDING THE DECLARED DIVIDEND

Shareholders are referred to the announcement released on the Stock
Exchange News Service on Monday, 29 July 2013 in which the Company
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 on the South African
register 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%.

Shareholders are advised that the currency conversion at close of
business (CAT) on 31 July 2013 was 0.0617 South African Rand = 1
Naira. Accordingly, the dividend equates to South African cents per
ordinary share as follows:

Kobo        South African     Notes
            cents
75          4.62750
67.5        4.16475           Excluding 10% Nigerian Tax
63.75       3.93338           Excluding 15% South African Dividend Tax

The tax identification number for Oando is 01061331 ? 0001 ? Oando
PLC

1 August 2013
Sandton

JSE Sponsor
Macquarie First South Capital (Proprietary) Limited

Date: 01/08/2013 09:49:00 Supplied by www.sharenet.co.za                     
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