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Oando Plc - Correction: Changes To The Board

Release Date: 07/07/2015 12:29:00      Code(s): OAO     
Oando Plc
(Incorporated in Nigeria and registered as an external
company in South Africa)
Registration number: RC 6474
(External company registration number: 2005/038824/10)
Share Code on the JSE Limited: OAO
Share Code on the Nigerian Stock Exchange: UNTP
(?Oando? or ?the Company?)


Appointment of director:

Shareholders are hereby advised that pursuant to article 88
of the Company?s articles of association, the board of
directors of Oando (?the Board?) has appointed Tanimu
Yakubu as a non-executive director to the Board of the
Company effective June 30 2015. A summary of his curriculum
vitae is included below.

Summary curriculum vitae of Tanimu Yakubu

Tanimu Yakubu was appointed as a non-executive director
of Oando PLC   effective June   30,   2015.   Prior   to   his
appointment he held key positions in both the private and
public sectors in Nigeria, the most notable being as Chief
Economic Adviser to the President, Commander in Chief of
the Federal Republic of Nigeria, during which he also
served as a member of the National Economic Management team
from 2007 ? 2010.     He was also appointed as the Deputy
Chief of Staff to the then President, Umaru Yar-Adua in
2007. His other notable public service appointment was as
the Honourable Commissioner, Ministry of Finance, Budget
and Economic Planning, Katsina State from 1999 to 2002. He
was Managing Director/Chief Executive Officer of the
Federal Mortgage Bank from 2003 - 2007. Tanimu Yakubu has
worked in a    number    of   private-sector     institutions,
including Icon Limited (Merchant Bankers) where he worked
in both the Investment Bank's Research and Development
Department, as well as in its Capital Issues and Investment
Division covering Financial Advisory and Funds Management,
before    crossing    over    to Head     the    Credit    and
Marketing Department at New African Merchant Bank Limited.
A few years later, Tanimu Yakubu headed the Investment and
Economics     Desk at Afri-project     Consortium     Limited,
Abuja. He   currently   serves   on   the    boards   of   The
Infrastructure Bank Plc and APT Pension Funds Managers
Tanimu was on the teams that successfully midwifed
Nigeria's first Unit Trusts Scheme at Icon Limited and the
first mortgage-backed bond (MBB) in Sub Sahara Africa at
the Federal Mortgage Bank of Nigeria.

Tanimu Yakubu holds a first degree in Economics and an MBA
in Finance from Wagner College Staten Island, New York,
USA. He also obtained certificates in Commercial Loans to
Business and Commercial Lending and Bank Management, from
Omega, USA; Marketing Research from the University of
Ibadan; and Housing                                    and
Infrastructure Finance from the World Bank, Fannie Mae &
Wharton School of the University of Pennsylvania, USA.

Resignation of director:

Shareholders are further notified of the resignation of
non-executive director, Ms. Nana Appiah-Korang, from the
Board with immediate effect.

Ms. Appiah-Korang has tendered her resignation due to
increasing demands of other professional interests. While
serving on the Board, Ms. Appiah?Korang was an active
member of the Board and its sub-committees and contributed
to   the   improvement of  Oando?s   governance  and  risk
management practices in keeping with global best practice

July 07, 2015
JSE sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

Date: 07/07/2015 12:29:00 Supplied by www.sharenet.co.za                     
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