Right issue – update announcement

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”)

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RIGHTS ISSUE – UPDATE ANNOUNCEMENT

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Shareholders on the South African register of Oando (“Shareholders  are referred to the announcement published on the Stock
Exchange News Service of the JSE Limited dated 4 February 2015 (“ the Announcement ") ”) regarding the revised terms and dates of
the Oando Rights Issue (“ the Rights Issue ”).

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Further to the publication of the Announcement, Shareholders are hereby advised that the allotment and listing of the Rights Issue shares is
still subject to the receipt of the Nigerian Securities and Exchange Commission’s (“ Nigerian SEC ”) clearance of the allotment proposal.

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Accordingly, the dates set out in the Announcement are no longer applicable.

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Shareholders will be advised of the new dates/information relating to the allotment of shares as well as listing and trading thereof as soon as the
Nigerian SEC’s clearance of the allotment proposal has been obtained.

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23 April 2015

Sandton

JSE sponsor

Sasfin Capital (a division of Sasfin Bank Limited)

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Leading Issuing House
            

                
Vetiva Capital Management Limited
            
        
        
Joint Issuing Houses
            

                
FBN Capital Limited
                
FCMB Capital Markets Limited
                
Marina Securities Limited
                
Stanbic IBTC Capital Limited
                
Zenith Capital Limited
            
        
    

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(Incorporated in Nigeria and registered as an external company in South Africa)