December 20, 2011

Oando has notified The Exchange of its Director’s dealing in the Company’s share in Compliance with Rule 111 of the SEC Rules and Regulations.

Non-Executive Director        Chief Sena Anthony

Nature of transaction:         purchase of shares

Nature of interest:             direct, beneficial

Class of security:               ordinary

Number of securities:         35,000 shares

1. Number of Securities       20,000 shares

    Price                            N29.00 per share

    Date of Purchase           17/09/2011

2. Number of Securities       9,700 shares

    Price                            N21.94 per share

    Date of Purchase           29/09/2011

3. Number of Securities       300 shares

   Price                                       N21.11 per share

   Date of Purchase            29/09/2011

4. Number of Securities       5,000 shares

    Price                            N24.13 per share

    Date of Purchase           04/10/2011

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