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OANDO PLC - Information regarding the declared interim cash dividend for the period ended 30 June 2014

Release Date: 12/11/2014 17:15:00      Code(s): OAO     
Oando PLC
(Incorporated in Nigeria and registered as an external company in South
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?)

30 JUNE 2014

Shareholders are advised that the board of directors of the Company has
declared a NGN0.70kobo (Seventy Kobo) per share interim dividend to holders of
ordinary shares whose names appear in the Company?s register of members of
Nigeria as at close of business on 17 November 2014, and for members of South
Africa as at close of business on Friday, 12 December 2014. The interim
dividend will be paid on Monday, 15 December 2014, and will be subject to
Nigerian withholding tax of 10%.

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

A gross interim dividend of NGN0.70kobo (Seventy Kobo) per share has been
declared. A Nigerian withholding tax of 10% is payable on the interim dividend
by all shareholders. Accordingly the interim dividend net of withholding tax is
NGN0.63kobo (Sixty-three Kobo) per ordinary share.

South African shareholders who are not exempt from South African interim
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 NGN0.595kobo (fifty nine and a half Kobo) per
ordinary share.

The issued share capital of Oando at the declaration date is 9,084,693,738
ordinary shares.

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

Event                                                             Date (2014)
Currency conversion calculated at close of business     Thursday, 27 November
in South Africa on
Finalisation date of interim dividend                     Friday, 28   November
Last day to trade cum interim dividend                     Friday, 5   December
Ordinary shares commence trading ex interim dividend       Monday, 8   December
Record date (date shareholders recorded in books)         Friday, 12   December
Payment date                                              Monday, 15   December

12 November 2014

JSE Sponsor
Macquarie First South Capital (Proprietary) Limited

Date: 12/11/2014 05:15:00 Supplied by www.sharenet.co.za                     
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