EXTENSION TO 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") EXTENSION TO THE RELEASE OF OANDO PLC’s 2015 AUDITED FINANCIAL STATEMENTS This is to inform our valued shareholders and key stakeholders that there has been a further extension to the release of Oando PLC’s Full Year End (FYE) 2015 Results. Additional enquiries and further engagement with our auditor, Ernst & Young (“EY”), post submission of our numbers to them have resulted in delays to the finalization of the Accounts which in turn has resulted in a delay in submitting the Accounts to the Financial Reporting Council of Nigeria (“FRCN”) for regulatory review. Accordingly, the Company was unable to meet with the earlier communicated timeline for the submission of its Accounts of 31 May, 2016. We (Oando PLC) will work actively with EY and seek an accelerated approval process when the Accounts are submitted to the FRCN in order to ensure we conclude and file our Audited FYE 2015 Results on or before 30 June, 2016. We will keep all concerned abreast of any further developments. For further information, please contact: Ainojie ‘Alex’ Irune Head, Corporate Communications 2 Ajose Adeogun Street, Victoria Island, Lagos, Nigeria. Email: airune@oandoplc.com Tel: +234 (1) 2702400 Ext 6270 Yours sincerely, For: Oando PLC Ayotola Jagun Chief Compliance Officer & Company Secretary 2 June 2016 Johannesburg Sponsor: Sasfin Capital (a division of Sasfin Capital Limited) Date: 02/06/2016 03:00:00 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.