History and Future Strategy of Oando

Strategy €30% LPG Market Share (Majors) Operations in Nigeria, Ghana, Benin, Togo and Liberia Oando 2015 Current • Conclude on process of Group's partial divestment from Downstream • Maintain at a minimum (25%) current white products market share of MOMAN • Position for a partial/fully deregulated gasoline market • Maintain LPG leadership strategy amongst MOMAN whilst growing national share from 17% to 20% 2017 Mid-Term • Business expansion and increased efficiencies • Expand white market share of the Majors to 30% • Grow non-fuel revenue 2019 Long-Term • Explore further divestment (Group) 45 (45 杯

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