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OANDO PLC - Extension of rights offer in Nigeria

Release Date: 21/01/2015 08:00:00      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: OANDO
(?Oando? or the ?Company?)


South African Oando shareholders (?Shareholders?) are referred to the announcement
published on the Stock Exchange News Service of the JSE Limited (?SENS?) on Tuesday,
2 December 2014 (?Announcement?). The Announcement set out information regarding the
rights issue of 2,217,265,184 ordinary shares of 50 kobo each at NGN22.00 (ZAR1.3138)
per rights issue share on the basis of one (1) new ordinary share for every four (4) ordinary
shares of 50 kobo each held as at the close of business on Friday, 25 July 2014, for those
shareholders in Nigeria whose names appeared on the Register of Members and transfer
books of the Company and shareholders in South Africa whose names appeared on the
Register of Members and transfer books as at the close of business on Friday, 19 December
2014, which was the business day prior to the rights issue opening date of Monday, 22
December 2014, for South African shareholders (?Rights Issue").

The Rights Issue closed at 12h00 on Friday, 9 January 2015, in South Africa while         the
Rights Issue was expected to close on Wednesday, 14 January 2015 in Nigeria.               An
application was made to the Nigerian Securities & Exchange Commission to extend           the
closing date of the acceptance list in Nigeria. This request was approved and therefore   the
Rights Issue will now close on Wednesday, 28 January 2015 in Nigeria.

In the event that there is additional information regarding the Rights Issue, same will be
communicated to Shareholders.

21 January 2015

JSE sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

Leading Issuing House
Vetiva Capital Management Limited

Joint Issuing Houses
FBN Capital Limited
FCMB Capital Markets Limited
Marina Securities Limited
Stanbic IBTC Capital Limited
Zenith Capital Limited

Date: 21/01/2015 08:00:00 Supplied by www.sharenet.co.za                     
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