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Oando Plc - Currency Conversion Regarding The Declared Interim Dividend

Release Date: 28/11/2014 12:32:00      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
ISIN: NGOANDO00002
(?Oando? or the ?Company?)


CURRENCY CONVERSION REGARDING THE DECLARED INTERIM DIVIDEND

Shareholders are referred to the announcement released on the Stock Exchange
News Service on Thursday, 13 November 2014 in which the Company advised that
the board of directors of the Company has declared a N0.70kobo (Seventy 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 17 November
2014 and for members of South Africa as at close of business on Friday, 12
December 2014. The dividend will be paid on Monday, 15 December 2014, and will
be subject to Nigerian withholding tax of 10%.

Shareholders are advised that the currency conversion at close of
business (CAT) on Thursday, 27 November 2014 was 0.0627 South African
Rand = 1 Naira. Accordingly, the dividend equates to South African cents
per ordinary share as follows:

Kobo        South African     Notes
            cents
70          4.389
63          3.9501            Excluding 10% Nigerian Tax
59.5        3.73065           Excluding 15% South African Dividend Tax

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

28 November 2014
Sandton

JSE Sponsor
Macquarie First South Capital (Proprietary) Limited

Date: 28/11/2014 12:32:00 Supplied by www.sharenet.co.za                     
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