Press Release

As part of efforts at assuring stakeholders of its commitment to an efficient and transparent market, The Nigerian Stock Exchange (NSE) decided to lead by example by filing its Audited Financial Statements for the year ended December 31, 2011 with the Securities and Exchange Commission (SEC), well ahead of the regulatory deadline.

The Financial Statements were submitted to the SEC on April 30, 2012, two clear months ahead of the specified time limit for the submission as the SEC rules permit all capital market operators that it regulates. The Exchange, being a market operator according to the Investment and Securities Act, is required to file its audited results and accounts six months after the end of its year end.

According to the Chief Financial Officer (CFO) of The Exchange, Mr. Cyril Eigbobo, the timely submission of the Financial Statements is in line with the Exchange’s continuous drive to enhance its corporate governance posture. “As a Self-Regulatory Organisation (SRO), the onus is on us to be above board. By doing this, we are better positioned to correct any erring company that fails to comply with the Post-Listing Requirements of The Exchange” said The CFO.

Moreover, the Acting Head, Legal of The Exchange, Ms. Tinuade Awe, noted that “under the Companies and Allied Matters Act (, Section 345), The Exchange is required to lay its financial statements before a general meeting of its members no later than nine months after the year end covered by the statements. Our plan is to convene the AGM for our 31 December 2011 year end, ahead of the 30 September 2012 deadline.”

May 31, 2012

Joseph Kadiri

Corporate Communication

The Nigerian Stock Exchange
Stock Exchange House | 2-4 Customs Street | Lagos| Nigeria
Tel: +234-1-4638333-5 Ext: 1163 | Mobile: +234- 8054081390
Email :jkadiri@nse.com.ng| Website: www.nigerianstockexchange.com