OANDO PLC - Appointment of Non-Executive Director

Appointment of Non-Executive Director

Oando PLC
(Incorporated in Nigeria and registered as an external company in South
Africa)
(External Registration number: 2005/038824/10)
Company registration number: RC 6474
Share Code on the JSE Limited: OAO
Share Code on the Nigerian Stock Exchange: UNTP
ISIN: NGOANDO00002
(“Oando” or the “Company”)

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

Pursuant to article 88 of the company’s articles of association the board
of directors (the “Board”) appoint Francesco Cuzzocrea as a non-executive
director to the Board of the company effective 25 July 2013. Summary
Curriculum Vitae of the new director is stated below.

FRANCESCO CUZZOCREA

Mr. Cuzzocrea is a Swiss National with over three decades’ experience in
Private & Investment Banking, Finance and Portfolio Management. He started
his banking career with Credit Suisse in August 1976 before joining Lehman
Brothers Lugano, Milan as Senior Vice President responsible for the
Institutional Equities’ Sales Desk.

He also worked at IBI Bank in Zurich as deputy Chief Executive Officer in
charge of the Private Banking and Asset Management Department resigning in
2005 to establish Albion Finance S.A, Lugano, a multi-client family office
with focus on West Africa, and is currently the President and Partner.

A core professional, Mr. Cuzzocrea’s areas of expertise include – Private
Banking, Portfolio & Asset Management and Advisory Services.

Mr. Cuzzocrea is member of the Swiss Bankers Association and the Swiss
Society of Financial Analyst and Portfolio Managers.   His other board
positions include, independent non-executive director of Heritage Bank
Limited, Nigeria.


29 July 2013
Sandton, Johannesburg

JSE Sponsor
Macquarie First South Capital (Proprietary) Limited

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