April 11, 2012

The Company, a Dealing Member Firm, has notified The Exchange of the appointment of a new Managing Director and is seeking approval.

Appointment:

Adegboyega Akinola Olatunde: Managing Director/CEO

Profile:

Adegboyega Akinola Olatunde holds a Degree in Agriculture from University of Ilorin. He is an Associate Member of the Chartered Institute of Stockbrokers, Certified Pension Institute of Nigeria and Financial Market Dealers Association.

He has worked with Heptagon Ventures Limited, Hamilton Hammer & Co. Limited, Core Trust & Investment Limited, Nigerian Stockbrokers Limited, FSDH Securities Limited, BGL Securities Limited and BGL Asset Management Limited.

Any objection to the appointment of Mr. Adegboyega Akinola Olatunde as the Managing Director of Primera Africa Securities Limited should be forwarded to The Exchange within 7 days of this publication.