Oando PLC’s official statement on the SEC investigation 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: NGOANDO00002 (“Oando” or the “Company”) OANDO PLC’s OFFICIAL STATEMENT ON THE SEC INVESTIGATION: AGM TO HOLD AS PLANNED Lagos, September 6, 2017 Further to Oando PLC’s (“the Company” or “Oando”) press statement published on Monday, 28th August, 2017 entitled ‘Oando PLC’s Official Statement on Claims of a SEC Investigation’, please find below an update. 1. The Securities & Exchange Commission (SEC) constituted a Special Task Team to review the petitions by Alhaji Dahiru Mangal and Ansbury Inc. To date the Company has fully co- operated with the SEC, availed them of all documents requested, and provided clarification and appropriate rebuttals to the issues raised. 2. The Company received a letter from the SEC on Wednesday, 23 August, 2017, requesting that Oando postpone its 40th AGM so that the Commission could look into the shareholding positions contained in the Company’s 2016 Audited Financial Statements as it was at variance with those alleged by the petitioners. 3. Oando responded officially on Wednesday, 23 August, 2017 addressing all the issues raised by the SEC and concluded that it would not be in the best interests of the Company or our shareholders to postpone the AGM. 4. In a letter dated Thursday, 31 August, 2017, the SEC wrote to the Company and categorically stated: ‘Following the submission of an Interim report by the Special Task Team, the Commission is of the opinion that it is unable to identify any material findings that would warrant the postponement of the Company’s 40th Annual General Meeting (AGM) scheduled to hold on September 11, 2017. Consequently, Oando PLC can proceed with its 40th AGM as currently scheduled.’ The SEC’s response is in line with the Company’s initial position that the request from SEC that Oando postpone its AGM, which was premised upon the allegations and claims raised by the petitioners lacked merit. The reason being that the issues raised by the petitioners were fully and properly disclosed by the Company in its audited financial statements and have received Board, shareholder and where required SEC approval. Other matters highlighted by the petitioners could have been directed to the Company and would have received the necessary clarification. The Company remains committed to act in the best interests of all its shareholders and will continue to fully co-operate with the SEC in the discharge of its duties as the Capital Markets regulator. For more information, please contact: Ayotola Jagun Chief Compliance Officer & Company Secretary ajagun@oandoplc.com Alero Balogun Head, Corporate Communications albalogun@oandoplc.com For: Oando PLC Ayotola Jagun Chief Compliance Officer & Company Secretary 2, Ajose Adeogun Street, Victoria Island Lagos, Nigeria Lagos 7 August 2017 Sponsor: Sasfin Capital (a member of the Sasfin Group) Date: 07/09/2017 09:33:00 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.