December 6, 2024/FSDH Update

Dangote Sugar Refinery PLC’s (“DSR” or the “Company” or the “Issuer”) Series 6 and 7 Commercial Paper offer of up to ₦50 billion under its ₦150bn Commercial Paper Issuance Programme (the “Offer”). The Offer is NOW OPEN and scheduled to close on Thursday, 12 December 2024.

The Company is a subsidiary of Dangote Industries Limited and is engaged in the refining, distributing, and marketing of granulated sugar to wholesalers and top players in the skin care, food and beverage, and pharmaceutical industries. DSR is Sub-Saharan Africa’s largest sugar refinery, with a combined installed refining capacity of 1.49 MMT per annum. In the medium term, the Company is targeting an additional 1.5MMT of refined sugar from locally grown sugarcane and is on track to becoming a leading global integrated sugar producer with its backward integration plan.

Key Financial Highlights*

*Source: Company’s audited and interim financial statements

Please see below the indicative terms of the Offer: