OANDO PLC - Change to the Board of Directors

Change to the Board of Directors

 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")

Oando PLC Announces the Appointment of a New Director
Lagos, Nigeria

Oando PLC ("Oando" or the "Company") wishes to inform its shareholders and other
stakeholders that the Board of Directors has appointed Mr. Cosmas Iweze as an
Independent Non-Executive Director, effective 16 December 2024. This appointment is
in line with Article 88 of the Company's Articles of Association.

Mr. Cosmas Iwueze

Cosmas Iwueze is a seasoned petroleum engineer and business leader with over three
decades of experience in the oil and gas industry.

Joining Chevron Nigeria Limited (CNL) in 1990, Cosmas rose through positions of
increasing responsibility across Reservoir and Asset Management, Commercial
Development, Operations, Project Management, and Business Strategy. He also gained
international experience working with Chevron in California and Angola.

Cosmas previously held leadership roles as Business Services Director for Chevron's
Nigeria/Mid-Africa unit, General Manager of Operations, and General Manager of Asset
Development and Exploration. Notable achievements include securing third-party
financing for JV projects and contributing to national petroleum policy development during
a secondment to the Nigerian government.

Prior to retiring in November 2024, Cosmas served as Director of the NNPC/Chevron
Joint Venture (JV), overseeing the JV asset development, major projects as well as oil
and gas production with profit and loss accountability. In this role, he led strategic
initiatives, managed multiple general managers, and acted as Managing Director when
required

For: Oando PLC
Ayotola Jagun
Chief Compliance Officer & Company Secretary
The Wings Office Complex, 17a, Ozumba Mbadiwe
Street, Victoria Island Lagos, Nigeria

17 December 2024
JSE Sponsor to Oando
Questco Corporate Advisory Proprietary Limited

Date: 17-12-2024 09:45:00
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