OANDO PLC - Extension of closing date of rights issue

Extension of closing date of rights issue

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: OANDO
ISIN: NGOANDO00002
(“Oando” or the “Company”)

EXTENSION OF CLOSING DATE OF RIGHTS ISSUE

1. INTRODUCTION

Shareholders are referred to the declaration and finalisation
data announcement released on the Stock Exchange News Service
(“SENS”) on 21 December 2013, wherein shareholders were
advised that Oando proposed a Rights Issue of 4,548,236,276
ordinary shares of 50 kobo each at NGN 12.00 per share on the
basis of two (2) new ordinary shares for every one (1)
ordinary share of 50 kobo each held (the “Rights Issue”).

Shareholders are advised that due to the picketing action by
pensioners of the Nigerian Postal Service in late December,
2012/early January 2013, which resulted in disruption of
distribution of Rights Issue circulars to the majority of
Oando   shareholders,   the   Nigerian  Securities   Exchange
Commission has granted Oando a two week extension of the
Rights Issue period. Accordingly, the closing date of the
Rights Issue has been amended from Wednesday, 6 February 2013
to Wednesday, 20 February 2013.


2.   REVISED RIGHTS ISSUE TIMETABLE APPLICABLE TO THE SOUTH
AFRICAN SHAREHOLDERS

The revised salient dates and times relating to the Rights
Issues are as follows:

EVENT                                       2012/2013
Last day to trade in letters of             Wednesday, 13 February 2013
allocation in order to settle trades by
the close of the Rights Issue and
participate in the Rights Issue at the
close of business
Record date for the letters of              Wednesday, 20 February 2013
allocation
Rights Issue closes at 12h00 in South       Wednesday, 20 February 2013
Africa
Payment in respect of the Rights Issue   Wednesday, 20 February 2013
and the Excess Rights Issue shares to
be made by all shareholders and held in
escrow on
Nigerian SEC approval to be received     Wednesday, 24 April 2013
for the allotment of the Rights Issue
and the Excess Rights Issue shares on
or about
Results of the Rights Issue released on Wednesday, 05 June 2013
SENS on or about
CSDP/Broker accounts in respect of the   Wednesday, 05 June 2013
dematerialised shareholders credited
with the Rights Issue and the Excess
Rights Issue shares on or about
Listing of the Rights Issue and Excess   Wednesday, 05 June 2013
Rights Issue shares and trading of the
Rights Issue and Excess Rights Issue
shares on the JSE commencing at 09h00
on or about
Results of the Rights Issue published    Thursday, 06 June 2013
in the South African press on the
business day following the release of
the results on SENS on or about
Notes:
It is expected that the Excess Rights Issue shares will be
allotted on or about Wednesday, 24 April 2013. Shareholders
who have applied for Excess Rights Issue shares should have
the relevant payment available in respect of the excess Rights
Issue shares from the date of the application until Thursday,
25 April, 2013. The listing of the Excess Rights Issue shares
will take place on or about Wednesday, 05 June 2013.

1. Share certificates in respect of the ordinary shares being
   issued under the Rights Issue may not be dematerialised or
   rematerialised from Friday, 28 December 2012 until Friday,
   4 January 2013, both days inclusive;
2. Unless otherwise indicated, all times are South African
   times. Any material variation of the above dates and times
   will be approved by the JSE, released on SENS, and
   published in the South African press;
3. CSDPs effect payment on a delivery versus payment basis in
   respect of dematerialised shares;
4. Dematerialised shareholders are required to inform their
   CSDP or brokers of their instructions in terms of the
   Rights Issue in the manner and time stipulated in the
   agreement   governing    the   relationship  between   the
   shareholder and their CSDP or broker; and
5. Rights Issue and Excess Rights Issue shares may not be
   traded until the date of issue, anticipated to be on
   Wednesday, 05 June, 2013.
05 February 2013
Sandton

Leading Issuing House
Vetiva Capital Management Limited

Joint Issuing Houses
FBN Capital Limited
FCMB Capital Markets Limited

Financial Adviser, JSE Transaction Sponsor and JSE Sponsor
Macquarie First South Capital (Proprietary) Limited

Date: 05/02/2013 12:48:00 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.