OAO
UNTP
OAO - Oando Plc - Cautionary announcement
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: NG00000UNTP0
("Oando")
Cautionary announcement
Shareholders are referred to the announcement which was released on SENS on 25
February 2008 ("the announcement") detailing the potential acquisition by
Oando of Shell`s entire 49.81% interest in the Production Sharing Contracts
and Joint Operating Agreement respectively in respect of offshore Nigeria Oil
Mining Licence ("OML") 125 and OML 134. Shareholders are advised that certain
of the principal conditions precedent will not be satisfied. Discussions have
commenced regarding a revised transaction structure. Accordingly, shareholders
are advised to exercise caution when dealing in Oando securities until a
further announcement is made.
Johannesburg
2 April 2008
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 02/04/2008 10:00:01 Produced by the JSE SENS Department.
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