Federal High Court of Lagos Grants Oando Injunction 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”) Federal High Court of Lagos Grants Oando PLC’s Group Chief Executive and Deputy Group Chief Executive an Injunction Restraining the Securities and Exchange Commission from Executing Sanctions Lagos, Nigeria – On Monday June 3, 2019 the Federal High Court of Lagos under presiding Judge C M A Olatoregun granted Oando PLC’s (referred to as “Oando” or the “Group”) Group Chief Executive, Adewale Tinubu, and Deputy Group Chief Executive, Omamofe Boyo, an injunction pending the hearing and determination of the applicant’s motion for interlocutory injunction as follows: Restraining the Securities and Exchange Commission (SEC), its servants, agents, employees and / or privies from taking any step concerning and / or acting on the decisions contained in its letter of 31st May 2019 imposing a fine of N91,125,000 on the Jubril Adewale Tinubu and barring both Jubril Adewale Tinubu and Omamofe Boyo from being Directors of public companies for a period of 5 years Restraining Mutiu Olaniyi Adio Sunmonu from acting as the head of the Interim Management of Oando PLC An order staying and / or suspending the execution or the enforcement of the SECs decisions contained in its letter dated 31st May, 2019 imposing a fine of N91,125,000 on Jubril Adewale Tinubu and barring both Jubril Adewale Tinubu and Omamofe Boyo from being Directors of public companies for a period of 5 years Restraining the SEC, its servants and its agents from directing, requesting any Agency of the Government from acting upon the SECs decisions contained in its letter dated 31st May, 2019 The injunction goes on further to say that all parties involved are to maintain the status quo pending the determination of the Motion on Notice. Pursuant to the court order Oando’s management team and Board of Directors remain unchanged. For further information, please contact: Ayotola Jagun Company Secretary The Wings Office Complex 17a Ozumba Mbadiwe Avenue Victoria Island, Lagos, Nigeria. Tel: +234 (1) 270400, Ext 6159 ajagun@oandoplc.com Alero Balogun Head, Corporate Communications The Wings Office Complex 17a Ozumba Mbadiwe Avenue Victoria Island, Lagos, Nigeria. Tel: +234 (1) 270400, ext. 6761 albalogun@oandoplc.com For Oando PLC Ayotola Jagun Chief Compliance Officer & Company Secretary Lagos 4 June 2019 Sponsor: Sasfin Capital (a member of the Sasfin Group) Date: 04/06/2019 07:15:00 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.