Currency conversion regarding the declared dividend 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”) CURRENCY CONVERSION REGARDING THE DECLARED DIVIDEND Shareholders are referred to the announcement released on the Stock Exchange News Service on Monday, 27 October 2014 in which the Company advised that at the 37th Annual General Meeting of Oando held at 10:00 Nigerian Time on 27 October 2014, shareholders of the Company approved the declaration and payment of a N0.30kobo (Thirty Kobo) per share dividend to holders of ordinary shares whose names appear in the Company’s register of members of Nigeria as at close of business on 30 September 2014 and for members of South Africa as at close of business on Friday, 14 November 2014. The dividend will be paid on 17 November 2014, and will be subject to Nigerian withholding tax of 10%. Shareholders are advised that the currency conversion at close of business (CAT) on 30 October 2014 was 0.0657 South African Rand = 1 Naira. Accordingly, the dividend equates to South African cents per ordinary share as follows: Kobo South African Notes cents 30 1.971 27 1.7739 Excluding 10% Nigerian Tax 255 1.67535 Excluding 15% South African Dividend Tax The tax identification number for Oando is 01061331 – 0001 – Oando PLC. 31 October 2014 Sandton JSE Sponsor Macquarie First South Capital Proprietary Limited Date: 31/10/2014 02:00:00 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.