Correction: Changes to the board 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: NGOANDO00002NG (“Oando” or “the Company”) APPOINTMENT AND RESIGNATION OF NON-EXECUTIVE DIRECTORS Appointment of director: Shareholders are hereby advised that pursuant to article 88 of the Company’s articles of association, the board of directors of Oando (“the Board”) has appointed Tanimu Yakubu as a non-executive director to the Board of the Company effective June 30 2015. A summary of his curriculum vitae is included below. Summary curriculum vitae of Tanimu Yakubu Tanimu Yakubu was appointed as a non-executive director of Oando PLC effective June 30, 2015. Prior to his appointment he held key positions in both the private and public sectors in Nigeria, the most notable being as Chief Economic Adviser to the President, Commander in Chief of the Federal Republic of Nigeria, during which he also served as a member of the National Economic Management team from 2007 – 2010. He was also appointed as the Deputy Chief of Staff to the then President, Umaru Yar-Adua in 2007. His other notable public service appointment was as the Honourable Commissioner, Ministry of Finance, Budget and Economic Planning, Katsina State from 1999 to 2002. He was Managing Director/Chief Executive Officer of the Federal Mortgage Bank from 2003 - 2007. Tanimu Yakubu has worked in a number of private-sector institutions, including Icon Limited (Merchant Bankers) where he worked in both the Investment Bank's Research and Development Department, as well as in its Capital Issues and Investment Division covering Financial Advisory and Funds Management, before crossing over to Head the Credit and Marketing Department at New African Merchant Bank Limited. A few years later, Tanimu Yakubu headed the Investment and Economics Desk at Afri-project Consortium Limited, Abuja. He currently serves on the boards of The Infrastructure Bank Plc and APT Pension Funds Managers Limited. Tanimu was on the teams that successfully midwifed Nigeria's first Unit Trusts Scheme at Icon Limited and the first mortgage-backed bond (MBB) in Sub Sahara Africa at the Federal Mortgage Bank of Nigeria. Tanimu Yakubu holds a first degree in Economics and an MBA in Finance from Wagner College Staten Island, New York, USA. He also obtained certificates in Commercial Loans to Business and Commercial Lending and Bank Management, from Omega, USA; Marketing Research from the University of Ibadan; and Housing and Infrastructure Finance from the World Bank, Fannie Mae & Wharton School of the University of Pennsylvania, USA. Resignation of director: Shareholders are further notified of the resignation of non-executive director, Ms. Nana Appiah-Korang, from the Board with immediate effect. Ms. Appiah-Korang has tendered her resignation due to increasing demands of other professional interests. While serving on the Board, Ms. Appiah–Korang was an active member of the Board and its sub-committees and contributed to the improvement of Oando’s governance and risk management practices in keeping with global best practice standards. July 07, 2015 JSE sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 07/07/2015 12:29:00 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.