Further announcement regarding the extension of closing date of rights issue 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”) FURTHER ANNOUNCEMENT REGARDING THE EXTENSION OF CLOSING DATE OF RIGHTS ISSUE Shareholders are referred to the extension announcement released on the Stock Exchange News Service (“SENS”) on 5 February 2013, informing shareholders that the closing date of the proposed Rights Issue of 4,548,236,276 ordinary shares of 50 kobo each at NGN 12.00 per share on the basis of two (2) new ordinary shares for every one (1) ordinary share of 50 kobo each held (the “Rights Issue”), had been extended from Wednesday, 6 February 2013 to Wednesday, 20 February 2013, and to the revised timetable set out therein. The following in respect of the timetable is clarified below: The expected date for allotment of the Excess Rights Issue shares will be on or about Wednesday, 24 April 2013. Shareholders who have applied for either or both the Rights Issue and the Excess Rights Issue shares should make payment in respect of the relevant shares on Wednesday, 20 February 2013, to be held in escrow until the listing and issuing of the Rights Issue shares and Excess Rights Issue shares anticipated to take place on or about Wednesday, 5 June 2013. This applies to certificated shareholders as well as dematerialised shareholders. 08 February 2013 Sandton Financial Adviser, JSE Transaction Sponsor and JSE Sponsor Macquarie First South Capital (Proprietary) Limited Date: 08/02/2013 02:58:00 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.