OANDO PLC - Update on the Publication of the Audited Financial Statements of Oando PLC

Update on the Publication of the Audited Financial Statements of Oando PLC

 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”)


Update on the Publication of the Audited Financial Statements of Oando PLC

Lagos, Nigeria – Oando PLC (“Oando” or the “Company”) wishes to update its shareholders and
stakeholders on the delay in the release of its 2020 and 2021 Audited Financial Statements, as well as Q1-
Q3 2022 Unaudited Financial Statements as prescribed by the NGX Rules on Filing of Accounts and
Treatment of Default Filing.

Further to the Press Release of the Company dated February 3, 2022, the Company held its 43rd Annual
General Meeting in August 2022, at which shareholders approved the 2019 Audited Financial Statements of
the Company and appointed BDO Professional Services as new external auditors for the purpose of auditing
the Company’s 2020 and 2021 Audited Financial Statements.

Unfortunately, due to the lengthy onboarding process required for new external auditors and the complexity
of auditing the several companies that make up the Oando Group, we wish to notify the market that the
conclusion of the audit has been slightly delayed. We envisage that the board of directors and auditors will
be in position to approve our financial statements in line with the now revised timetable below:

 Tentative dates                                                                  Accounts to be released

 1   February 28, 2023                                               2020 Audited Financial Statements
 2   May 31, 2023                                                    2021 Audited Financial Statements
 3   June 30, 2023                                           Q1-Q4 2022 Unaudited Financial Statements
 4   August 31, 2023                                                 2022 Audited Financial Statements

The Company sincerely regrets the inconvenience caused to our esteemed stakeholders by this further delay
and can confirm that concerted efforts are being made to finalize the above-stated accounts as soon as
possible so as to ensure that the Company is in full compliance with its regulatory obligations.

For further information, please contact:

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

Alero Balogun
GM, Business Support Group
The Wings Office Complex
17a Ozumba Mbadiwe Avenue
Victoria Island,
Lagos, Nigeria.
Tel: +234 (1) 270400, ext. 6761
albalogun@oandoplc.com

Lagos
16 January 2023

JSE Sponsor to Oando
Questco Corporate Advisory Proprietary Limited

Date: 16-01-2023 07:05:00
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