Oando PLC’s official statement on the Securities and Exchange Commission’s directive to The Nigerian Stock Exchange to suspend trading of Oando shares

The Company (“the Company” or “Oando”) has received communication from the Nigerian Stock Exchange (NSE) that the Securities and Exchange Commission (SEC) have issued a directive to immediately suspend the trading of Oando shares, a directive to which the NSE has complied.

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The Company is currently reviewing subsequent correspondence received today October 18, 2017 from the NSE and SEC and will provide a full statement of the Company’s position as soon as possible.

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The Company remains committed to act in the best interests of all its shareholders.

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For more information, please contact:

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Ayotola Jagun

Chief Compliance Officer & Company Secretary

ajagun@oandoplc.com

Alero Balogun

Head, Corporate Communications

albalogun@oandoplc.com

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For: Oando PLC

Ayotola Jagun

Chief Compliance Officer & Company Secretary 2, Ajose Adeogun Street,
Victoria Island Lagos, Nigeria

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