Notification on the release of Oando Plc’s 2015 audited financial statements 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: OANDO ISIN: NGOANDO00002 ("Oando" or the “Company") NOTIFICATION ON THE RELEASE OF OANDO PLC's 2015 AUDITED FINANCIAL STATEMENTS The Management of Oando PLC would like to advise our valued shareholders, key stakeholders, and wider investor community that from available indications we are unlikely to complete our 2015 audit and issue our audited accounts on 31 March, 2016, as required by The NSE Rules (the Rules). We have worked diligently with our external auditor, Ernst & Young (“EY”) to ensure a swift conclusion to the audit process. However, after reviewing the financials, EY indicated that the Accounts may likely need to be referred to the Financial Reporting Council of Nigeria (“FRC”) pursuant to Rule 5 of the recently publicised FRC Rules. We expect the process to be concluded on or before 31 May, 2016, however this is dependent on the completion of the external review process as referred to above. The Company?s management would also like to bring to the attention of its shareholders and the investor community that the accounts of the company at FYE 2015 will be in line with its Q3 2015 performance. The expected decline is attributable to the industry?s downturn, prevalent economic headwinds, as well as fiscal and monetary restrictions driven by a challenging macro environment. While we are actively restructuring the business to adapt to this difficult period, we are optimistic and steadfast in our commitment to return to profitability in 2016. For further information, please contact: Ainojie „Alex? Irune Head Corporate Communications T: +234(1)4484500 Ext 6270 E: airune@oandoplc.com Yours sincerely, For: Oando PLC Ayotola Jagun Chief Compliance Officer & Company Secretary 1 April 2016 Nigeria Sponsor: Sasfin Capital (a division of Sasfin Bank Limited) Date: 01/04/2016 02:55:00 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.