OANDO PLC - Oando PLC - Proposed Rights Issue

Oando PLC - Proposed Rights Issue

 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")

February 17, 2026
Lagos, Nigeria

OANDO PLC - PROPOSED RIGHTS ISSUE

 The shareholders of Oando Plc (the Company) are hereby notified that on Friday, 13 February
 2026, the Company submitted an application to the Nigerian Exchange Limited 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 Proposed Rights Issue remains subject to various regulatory approvals, including the
 approval of the Nigerian Securities and Exchange Commission, Nigerian Exchange Limited
 (NGX), JSE Limited, and the Reserve Bank of South Africa (for shareholders in South Africa).

 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: 17-02-2026 05:19:00
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.