OANDO PLC - Results of the 36th annual general meeting

Results of the 36th annual general meeting

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”)

RESULTS OF THE 36th ANNUAL GENERAL MEETING

The   following  resolutions  proposed  in   the   notice  to
shareholders, were unanimously passed at the 36th Annual
General Meeting of the Company held at 10:00a.m Nigerian Time
on Thursday, 25 July 2013:

  1. Dividend Payment
     The shareholders approved payment of 75 kobo (Seventy-
     five Kobo) per share. The dividend will be paid on or
     before the 30th of August 2013 subject to Nigerian
     withholding tax of 10%, where applicable.

  2. Election of members of the audit committee
     The following persons were elected as members of the
     Audit Committee for the 2013 Accounts:

       -   Mr. Oghogho Akpata;
       -   Chief Sena Anthony;
       -   Ammuna Lawan Ali;
       -   Mr. Kabir Babatunde Sarumi;
       -   Mr. Lateef Ayodeji Shonubi; and
       -   Mr. Fidelis Opia Ijoma.

  3. Re-appointment of Auditors
     The Company re-appointed PricewaterhouseCoopers (PWC) as
     its auditors.


  4. Fixing of Auditors’ remuneration
     The directors were authorised      to   fix   the   auditors’
     remuneration.

  5. Re-election of Directors
     The following directors who retired by rotation, were re-
     elected as Directors of the Company:

       -   HRM Michael Adedotun Gbadebo, CFR,
       -   Mr. Olufemi Adeyemo; and
       -   Chief Sena Anthony.
  6. Approval of the remuneration of non-executive directors
     The remuneration of the non-executive directors of the
     Company were fixed at   Naira (N) 5,000,000.00 per annum
     for the Chairman and Naira(N)4,000,000.00 each per annum
     for all other non-executive directors with effect from 1
     January 2013; which fees are payable quarterly in
     arrears.

29 July 2013
Sandton

JSE Sponsor
Macquarie First South Capital (Proprietary) Limited

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