Oando Plc Announces Federal High Court’s Adjournment of Hearing on Its Scheme of Arrangement

Oando PLC
(Incorporated in Nigeria and registered as an external
company in South Africa)
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: UNTP
ISIN: NGOANDO00002
("Oando" or the "Company")

   OANDO PLC ANNOUNCES FEDERAL HIGH COURT'S ADJOURNMENT OF HEARING
                    ON ITS SCHEME OF ARRANGEMENT

                          October 12, 2023

Lagos, Nigeria – 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), hereby wishes to notify the public that the Federal High Court, Lagos
Division (the "Court") has further adjourned the hearing of the petition filed on March 25, 2021 by
fourteen (14) shareholders of the Company (the "Petition"), to November 28, 2023.

The adjournment to November 28, 2023, is to enable the Company provide a further report of
compliance with the Court's order dated June 7, 2022, which directed the Company to file its
Scheme of Arrangement document (the "Scheme Document") with the Securities and Exchange
Commission (SEC) and the NGX within 30 days, among other orders.
Ends

For further information, please contact:

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
Chief Compliance Officer & Company Secretary

JSE Sponsor
Questco Corporate Advisory
Date: 12-10-2023 04:52:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.