OANDO PLC - OANDO PLC Update to Proposed Rights Issue and Freezing of Registers between Exchanges

OANDO PLC – Update to Proposed Rights Issue and Freezing of Registers between Exchanges

 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")

April 29, 2026
Lagos, Nigeria

OANDO PLC – UPDATE ON PROPOSED RIGHTS ISSUE AND FREEZING OF REGISTERS BETWEEN EXCHANGES

The shareholders of Oando Plc (the "Company") are referred to the announcement published on
17 February 2026 wherein shareholders were advised that the Company submitted an application
("Application") to the Nigerian Exchange Limited ("NGX") on Friday, 13 February 2026, for the
approval and listing of a Rights Issue of 4,415,867,342 (four billion, four hundred and fifteen million,
eight hundred and sixty-seven thousand, three hundred and forty-two) ordinary shares of 50 Kobo
each at N50.00 per share, on the basis of 1 (one) new ordinary share for every 2 (two) existing
ordinary shares held (the "Proposed Rights Issue").

The Company is still in the process of obtaining various regulatory approvals in respect of the
Proposed Rights Issue, including the approval of the Nigerian Securities and Exchange
Commission, the NGX, and the JSE Limited (JSE).

Following submission of the Application to the NGX, the qualification date for participation in the
Rights Issue by shareholders in line with the Rules and Regulations of the Securities and Exchange
Commission, Nigeria is set as 13 February 2026 ("NGX Record Date"), irrespective of further
regulatory approval processes required in finalising the Rights Offer. The record date for
shareholders on the JSE register of members ("JSE Record Date") will be determined and
announced in due course, in accordance with the requirements of the JSE.

Shareholders are hereby advised that transfers by shareholders between the two registers must
be restricted between the NGX Record Date and the JSE Record Date. Accordingly, shareholders
in Nigeria whose names appear on the register of members and transfer books of the Company
("Nigerian Share Register") and shareholders in South Africa whose names appear on the register
of members and transfer books of the Company ("South African Share Register") are restricted
from transferring between the Nigerian Share Register and the South African Share Register with
immediate effect, until a further announcement is made in relation to the JSE Record Date.

A further announcement, including salient dates and times relating to the Proposed Rights Issue
will be published in due course.

Ends
For further information, please contact:

Folasade Ibidapo-Obe
Company Secretary
The Wings Office Complex,
17a Ozumba Mbadiwe Avenue,
Victoria Island, Lagos, Nigeria.
Tel: +234 (1) 270400, Ext 6012
fibidapo-obe@Oandoplc.com

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


For: Oando PLC
Mrs. Folasade Ibidapo-Obe
Chief Compliance Officer & Company Secretary


JSE Sponsor to Oando
Questco Corporate Advisory Proprietary Limited

Date: 29-04-2026 03:02:00
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