October 28, 2024/Futureview Research

TRANSNATIONAL CORPORATION PLC: DELISTING OF THE CURRENT 40,647,990,293 UNITS OF ORDINARY SHARES AND LISTING OF THE NEWLY RECONSTRUCTED 10,161,997,574 UNITS OF ORDINARY SHARES

We refer to our market bulletin with reference number NGXREG/IRD/MB73/24/10/10, dated 10 October 2024, wherein the Market was notified that trading in the shares of Transnational Corporation Plc

(Transcorp or the Company) was placed on suspension effective, Thursday, 10 October 2024, in preparation for the share reconstruction of the Company’s Issued shares. The Market is hereby notified that the entire 40,647,990,293 issued shares of Transcorp were delisted from the Daily Official List of Nigerian Exchange Limited (NGX) today, 28 October 2024, while the newly reconstructed issued share capital of 10,161,997,574 ordinary shares of 50 Kobo each were also today, listed on the Daily Official List of NGX at N44.2 per share. RATIO 4:1 (for every 4 units held you get 1 unit).

The delisting of 40,647,990,293 ordinary shares and listing of 10,161,997,574 ordinary shares on NGX is pursuant to the approval received from the Company’s shareholders at its Annual General Meeting of 27 May 2024 and the no objection received from the Securities and Exchange Commission.

Consequently, following the completion of the share reconstruction, the suspension placed on the securities of the Company has been lifted.