OANDO PLC - Oando Announces a Delay in the Publication of its Full Year End (FYE) 2017 Financial Results

Oando  Announces a Delay in the Publication of its Full Year End (FYE) 2017 Financial Results

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
(“the Company”)

Oando PLC Announces a Delay in the Publication of its Full Year End (FYE) 2017 Financial
Results

This is to inform our valued shareholders and key stakeholders that there will be a delay in the
release of Oando PLC’s (the Company) financial results for the twelve months ended December
31, 2017.

The Financial Reporting Council of Nigeria (FRCN) has indicated interest in undertaking a more
detailed review of the Company’s Audited Financial Statements (AFS) as part of their statutory
review due to the issues raised by the recent investigation of the Company by the Securities
and Exchange Commission (SEC).

We envisage that the FRCN’s review might take longer than originally anticipated. Therefore,
the Company may not be able to file the accounts until the second week in May, the exact date
of filing will be dependent on the turnaround time at the FRCN.

Oando PLC apologizes for any inconvenience caused and will update the market in due course.

Lagos, March 1, 2018

For more information, please contact:

Ayotola Jagun
Chief Compliance Officer & Company Secretary
ajagun@oandoplc.com


Alero Balogun
Head, Corporate Communications
albalogun@oandoplc.com


For: Oando PLC


Ayotola Jagun
Chief Compliance Officer & Company Secretary
The Wings Complex, 17a Ozumba Mbadiwe Avenue
Victoria Island Lagos, Nigeria

Sponsor: Sasfin Capital (a member of the Sasfin group)

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