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Oando Plc - Extension To The Release Of Oando Plcs 2015 Audited Financial Statements

Release Date: 02/06/2016 15:00:00      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: OANDO
ISIN: NGOANDO00002
("Oando" or the ?Company")


EXTENSION TO         THE    RELEASE      OF    OANDO      PLC?s   2015   AUDITED   FINANCIAL
STATEMENTS

This is to inform our valued shareholders and key stakeholders that there has been a further
extension to the release of Oando PLC?s Full Year End (FYE) 2015 Results.

Additional enquiries and further engagement with our auditor, Ernst & Young (?EY?), post
submission of our numbers to them have resulted in delays to the finalization of the Accounts
which in turn has resulted in a delay in submitting the Accounts to the Financial Reporting
Council of Nigeria (?FRCN?) for regulatory review.

Accordingly, the Company was unable to meet with the earlier communicated timeline for the
submission of its Accounts of 31 May, 2016.

We (Oando PLC) will work actively with EY and seek an accelerated approval process when the
Accounts are submitted to the FRCN in order to ensure we conclude and file our Audited FYE
2015 Results on or before 30 June, 2016.

We will keep all concerned abreast of any further developments.


For further information, please contact:

Ainojie ?Alex? Irune
Head, Corporate Communications

2 Ajose Adeogun Street,
Victoria Island,
Lagos, Nigeria.
Email: airune@oandoplc.com
Tel: +234 (1) 2702400 Ext 6270

Yours sincerely,
For: Oando PLC
Ayotola Jagun
Chief Compliance Officer & Company Secretary

2 June 2016
Johannesburg

Sponsor: Sasfin Capital (a division of Sasfin Capital Limited)

Date: 02/06/2016 03:00:00 Supplied by www.sharenet.co.za                     
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