Oando PLC Responds to False Allegations Regarding Jailed Ex-Governor 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 ("Oando" or the "Company" or the "Group") Oando PLC Responds to False Allegations Regarding Jailed Ex-Governor Lagos, Nigeria - Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigerian Stock Exchange and the JSE Limited, today refutes statements circulating in the media and categorically states that Mr. James Ibori does not own ‘a large part of Oando’ and that this statement is incorrect and misleading. Oando is a publicly traded company listed on the Nigerian and Johannesburg Stock Exchanges and does not and cannot control the trading in its securities on the floor of the respective exchanges. Based on our current shareholding register, Mr. James Ibori’s shareholding stands at 443 shares out of a total issued and paid up share capital of 6.8 billion ordinary shares, which is clearly insignificant. Oando also states that sometime in 2004, in the normal course of its business, its affiliate Ocean and Oil Services Limited sold approximately US$2.7 million in 3 separate transactions over a period of about 7 months to companies which have now turned out to be indirectly controlled by Mr. James Ibori. This amount was insignificant considering the company’s turnover of approximately US$800million in 2004. The above constitutes the only transactions between Oando, its affiliates and any company controlled by Mr. Ibori. Consequently, Oando cannot be described as “……a company where James Ibori has hidden assets…” as a result of these foreign exchange transactions. Oando is not a party to the confiscation proceedings nor has it received any invitation to attend or participate in any capacity therein. There is no suggestion from the prosecution of any wrongdoing or involvement in wrongdoing on the part of Oando. Oando is devoted to the principles and implementation of good corporate governance, and recognises the dependence of long-term business prosperity on accountability to its shareholders. Oando is also the first Nigerian energy company to sign the Pact Against Corruption Initiative and the Convention for Business Integrity. 17 September 2013 JSE Sponsor Macquarie First South Capital Proprietary Limited For more information please contact: Ayo Ajose-Adeogun Chief, Strategy Officer Aajose-adeogun@oandoplc.com Tel: +234 (1) 2601290-9, Ext 6296 Tokunboh Akindele Head, Investor Relations aakindele@oandoplc.com Oando PLC 10th Floor 2, Ajose Adeogun Street Victoria Island Lagos, Nigeria Tel: +234 (1) 2601290-9, Ext 6396 Fax: +234 (1) 2611366 Website: www.oandoplc.com Date: 17/09/2013 11:40:00 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.