Results of AGM 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”) RESULTS OF THE 41st ANNUAL GENERAL MEETING The following resolutions proposed in the notice to shareholders, were unanimously passed at the 41st Annual General Meeting of the Company held at 10:00a.m Nigerian Time on Friday, 27th July 2018: 1. Election of Members of the Audit Committee The following persons were elected as members of the Audit Committee for the 2018 Accounts: - Ike Osakwe - Mobolaji Osunsanya - Tanimu Yakubu - Edah Jackson - Dr. Joseph Asaolu - Olusegun David Oguntoye 2. Re-appointment of Auditors The Company re- appointed Ernst and Young as its auditors. 3. Fixing of Auditors’ Remuneration The Directors were authorized to fix the auditors’ remuneration. 4. Election of Directors The following directors, whose term expired, were elected as a Director of the Company: - Alhaji Bukar Goni Aji with effect from January 19, 2018 - Mr. Muntari Zubairu with effect from February 5, 2018 5. Re-election of Directors The following directors who retired by rotation, were re-elected as Directors of the Company: - Chief Sena Anthony; - Mr. Ike Osakwe; - Mr. Ademola Akinrele SAN 6. Approval of the remuneration of non-executive directors The remuneration of the non-executive directors of the Company were fixed at N5,000,000 per annum for the Chairman and N4,000,000 each per annum for all other non-executive directors with effect from 1 January 2018; which fees are payable quarterly in arrears. 27 July 2018 Lagos JSE Sponsor Sasfin Capital (a member of the Sasfin group) Date: 27/07/2018 02:50:00 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.