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Oando Plc - Currency Conversion Regarding The Declared Dividend

Release Date: 31/10/2014 14:00:00      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, 27 October 2014 in which the Company
advised that at the 37th Annual General Meeting of Oando held at 10:00
Nigerian Time on 27 October 2014, shareholders of the Company approved
the declaration and payment of a N0.30kobo (Thirty 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
30 September 2014 and for members of South Africa as at close of
business on Friday, 14 November 2014. The dividend will be paid on
17 November 2014, and will be subject to Nigerian withholding tax of
10%.

Shareholders are advised that the currency conversion at close of
business (CAT) on 30 October 2014 was 0.0657 South African Rand = 1
Naira. Accordingly, the dividend equates to South African cents per
ordinary share as follows:

Kobo        South African     Notes
            cents
30          1.971
27          1.7739            Excluding 10% Nigerian Tax
255         1.67535           Excluding 15% South African Dividend Tax

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

31 October 2014
Sandton

JSE Sponsor
Macquarie First South Capital Proprietary Limited

Date: 31/10/2014 02:00:00 Supplied by www.sharenet.co.za                     
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