August 6, 2012

The Company has notified The Exchange of the Resolutions passed at its 25th Annual General Meeting of the company held on Wednesday, July 18, 2012.

1. Dividend: A dividend of 8 kobo on each 50 kobo ordinary share, amounting to N829,500,973.16, subject to deduction of appropriate withholding tax, be and is hereby declared for the year ended December 31, 2011.

2. Re-Election of Directors: Messrs Denis Chemillier-Gendreau and Vincent LeGuennou were elected as Directors of the company.

3. Management Share Ownership Plan: Subject to the approval of regulatory authorities, and pursuant to Article 15 (f) of the Company’s Articles of Association, 5% of the Company’s existing Paid-Up Share Capital, representing518 million ordinary shares of 50 kobo each, be allocated to a Management Share Ownership Plan out of the Unissued Authorized Share Capital of the Company and that the Directors be and are hereby authorized to grant options to eligible staff upon terms and conditions as the Directors may determine.


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