OANDO PLC - Oando PLC's Statement on Allegations of Owning Interests in Maltese Oil Storage & Blending Facility

Oando PLC's Statement on Allegations of Owning Interests in Maltese Oil Storage & Blending Facility

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
ISIN: NGOANDO00002
("Oando" or the "Company")


                                             Lagos, Nigeria

                                              July 26, 2024

Oando PLC's Statement on Allegations of Owning Interests in Maltese Oil Storage & Blending
Facility, Ras Hanzir Oil Terminal Limited

Our attention has been drawn to recent allegations on social and digital media, levelled against Oando
PLC ('Oando' or 'the Company') of being a shareholder, and its Principals of being Board members, in
a Maltese company, Ras Hanzir Oil Terminal Limited that operates an oil storage and blending facility,
and is purportedly responsible for importing adulterated petroleum products into Nigeria.

Considering the above, we wish to refute such claims and attest that neither Oando PLC nor its
Executives have ever held shares, investments, or interests in the said Maltese company.

As part of a comprehensive investigation into the basis of the false claims, we conducted a search of
the Malta Business Registry, the official repository for all registered entities past and current within the
country. Our search yielded no results for a company bearing that name. Subsequent due diligence
efforts similarly failed to uncover any record of the company's existence.

We believe that the false claims are of the malicious intent of misleading the public and our
stakeholders.

We want to reiterate that as a publicly listed company, any corporate actions, such as acquisitions, are
declared publicly in accordance with applicable corporate governance Laws and Rules.

Furthermore, it is imperative that information released about a publicly quoted company such as Oando,
is thoroughly researched and deemed accurate before it is published in the public domain. The
company's securities are traded daily across two exchanges (NGX and JSE). To prevent misinformation
and confusion among investors, as well as our other stakeholders, we implore all members of the Press
to take adequate steps to ensure the veracity of reports by fielding all enquiries with Oando PLC's
Corporate Communications department.


Ayotola Jagun
Company Secretary
The Wings Office Complex,
17a Ozumba Mbadiwe Avenue,
Victoria Island, Lagos, Nigeria.
Tel: +234 (1) 270400, Ext 6159
ajagun@oandoplc.com


Segun Obagbemi
Head, Corporate Communications
The Wings Office Complex,
17a Ozumba Mbadiwe Avenue,
Victoria Island, Lagos, Nigeria.
Tel: +234 (1) 270400, ext. 6432
sobagbemi@oandoenergyresources.com


For: Oando PLC

Ayotola Jagun
Chief Compliance Officer & Company Secretary


JSE Sponsor to Oando
Questco Corporate Advisory Proprietary Limited

Date: 29-07-2024 07:05:00
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