OANDO PLC - Oando Plc Announces a Delay in the Publication of its 2023 Audited Financial Statements

Oando Plc Announces a Delay in the Publication of its 2023 Audited Financial Statements

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")

       OANDO PLC ANNOUNCES A DELAY IN THE PUBLICATION OF ITS 2023 AUDITED
                          FINANCIAL STATEMENTS

                                             April 8, 2024

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
Limited), hereby wishes to notify the public and its shareholders that pursuant to Rule 1.1.2 of the
Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of the NGX, the Company
missed the deadline to file its 2023 Audited Financial Statements for the year ended 31 December
2023 (2023 AFS) by the due date of 30 March 2024 as a result of delays with finalizing the Oando
Groups' 2022 Audited Financial Statements.

The 2022 Audited Financial Statements of Oando PLC have now been finalized and approved by
the Board on Monday, 8th of April 2024 and will be sent to the Financial Reporting Council of
Nigeria immediately for regulatory approval, prior to their release to the market. The interim results
for 2023 will also be released to the market soon after the 2022 Accounts are published.

Having approved the 2022 Audited Financial Statements, the audit of the 2023 AFS has now
commenced, and the Company is committed to ensuring that the 2023 AFS is published on or
before July 31, 2024.

Oando PLC apologizes for any inconveniences caused and assures the general public that it is
doing everything possible to ensure full compliance with its regulatory obligations within the
shortest possible time.

The press release can be found on the company's website via the following link –
https://www.oandoplc.com/media/press-releases/.


Ends
For further information, please contact:

Adeola Ogunsemi
Chief Financial Officer
The Wings Office Complex
17a Ozumba Mbadiwe Avenue
Victoria Island,
Lagos, Nigeria.
Tel: +234 (1) 270400, Ext 6506
aogunsemi@oandoplc.com


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 (Ms.)
Chief Compliance Officer and Company Secretary

JSE Sponsor to Oando
Questco Corporate Advisory Proprietary Limited

Date: 09-04-2024 07:11:00
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