Sharenet Sites 
Sharenet Sites
OAO - Oando - Oando Earnings Forecast for the first quarter ending 31 March 2011 Oando PLC (Incorporated in Nigeria and registered as an external company in South Africa) (External Registration number: RC 6474 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") OANDO EARNINGS FORECAST FOR THE FIRST QUARTER ENDING 31 MARCH 2011 In terms of the Listings Requirements and Rules governing listing on the Nigerian Stock Exchange, Oando is pleased to provide the following profit and loss forecast for the first quarter ending 31 March 2011: All figures in Naira millions Q1 2011 Forecast Turnover 101,958 Cost of sales (84,446) Direct contribution 17,513 Operating expenses (8,500) Other operating income/charges 1,061 Operating profit 10,074 Interest payable & similar charges (2,649) Depreciation (1,850) Profit before tax 5,575 Provision for tax (2,665) Profit after tax 2,910 The earnings forecast reported in this announcement has neither been reviewed nor reported on by the auditors of the Company. 25 January 2010 Sandton JSE Sponsor Macquarie First South Advisers (Proprietary) Limited Date: 25/01/2011 13:00:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
