Oando Plc Announces Federal High Court’s Adjournment of Hearing on Its Scheme of Arrangement 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: UNTP ISIN: NGOANDO00002 ("Oando" or the "Company") OANDO PLC ANNOUNCES FEDERAL HIGH COURT'S ADJOURNMENT OF HEARING ON ITS SCHEME OF ARRANGEMENT October 12, 2023 Lagos, Nigeria – Oando PLC (referred to as "Oando" or the "Company"), Nigeria's leading indigenous energy group listed on both the Nigerian Exchange Limited (NGX) and Johannesburg Stock Exchange (JSE), hereby wishes to notify the public that the Federal High Court, Lagos Division (the "Court") has further adjourned the hearing of the petition filed on March 25, 2021 by fourteen (14) shareholders of the Company (the "Petition"), to November 28, 2023. The adjournment to November 28, 2023, is to enable the Company provide a further report of compliance with the Court's order dated June 7, 2022, which directed the Company to file its Scheme of Arrangement document (the "Scheme Document") with the Securities and Exchange Commission (SEC) and the NGX within 30 days, among other orders. Ends 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 For: Oando PLC Ayotola Jagun Chief Compliance Officer & Company Secretary JSE Sponsor Questco Corporate Advisory Date: 12-10-2023 04:52:00 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.