Extension of rights offer in Nigeria 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”) RIGHTS ISSUE – FURTHER ANNOUNCEMENT South African Oando shareholders (“Shareholders”) are referred to the announcement published on the Stock Exchange News Service of the JSE Limited (“SENS”) on Tuesday, 2 December 2014 (“Announcement”). The Announcement set out information regarding the rights issue of 2,217,265,184 ordinary shares of 50 kobo each at NGN22.00 (ZAR1.3138) per rights issue share on the basis of one (1) new ordinary share for every four (4) ordinary shares of 50 kobo each held as at the close of business on Friday, 25 July 2014, for those shareholders in Nigeria whose names appeared on the Register of Members and transfer books of the Company and shareholders in South Africa whose names appeared on the Register of Members and transfer books as at the close of business on Friday, 19 December 2014, which was the business day prior to the rights issue opening date of Monday, 22 December 2014, for South African shareholders (“Rights Issue"). The Rights Issue closed at 12h00 on Friday, 9 January 2015, in South Africa while the Rights Issue was expected to close on Wednesday, 14 January 2015 in Nigeria. An application was made to the Nigerian Securities & Exchange Commission to extend the closing date of the acceptance list in Nigeria. This request was approved and therefore the Rights Issue will now close on Wednesday, 28 January 2015 in Nigeria. In the event that there is additional information regarding the Rights Issue, same will be communicated to Shareholders. 21 January 2015 Sandton JSE sponsor Sasfin Capital (a division of Sasfin Bank Limited) Leading Issuing House Vetiva Capital Management Limited Joint Issuing Houses FBN Capital Limited FCMB Capital Markets Limited Marina Securities Limited Stanbic IBTC Capital Limited Zenith Capital Limited Date: 21/01/2015 08:00:00 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.