Rights issue - update 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 – UPDATE ANNOUNCEMENT Shareholders on the South African register of Oando (“Shareholders”) are referred to the announcement published on the Stock Exchange News Service of the JSE Limited dated 4 February 2015 (“the Announcement”) regarding the revised terms and dates of the Oando Rights Issue (“the Rights Issue”). Further to the publication of the Announcement, Shareholders are hereby advised that the allotment and listing of the Rights Issue shares is still subject to the receipt of the Nigerian Securities and Exchange Commission’s (“Nigerian SEC”) clearance of the allotment proposal. Accordingly, the dates set out in the Announcement are no longer applicable. Shareholders will be advised of the new dates/information relating to the allotment of shares as well as listing and trading thereof as soon as the Nigerian SEC’s clearance of the allotment proposal has been obtained. . 23 April 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: 23/04/2015 04:26:00 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.