December 12, 2017/ARM

Details of Rights

• Being Issued – 3,097,653,023 Ordinary shares of 50 kobo each
• Rights Price – N42.50 per share
• Gross Issue Proceeds  – N131,650,253,478
• Provisional Allotment – 5 new Ordinary Shares for every 9 Ordinary Shares of 50 kobo each held as at the close of business on 1st November 2017
• Right opens on the 24^th of November 2017 and closes on the 15^th of December 2017

Key Pointers

1. The right is offered at a 15% discount (Right Price of N42.50) to stocks current price of N50
2. The right issue is available to existing shareholders on the basis of 5 new shares for every 9 shares held at close of business Wednesday November 1^st 2017.
3. If you are not willing to take up your rights you can sell.