TRANS NATIONWIDE EXPRESS : OUTCOME OF BOARD MEETING

Lagos, 20th March, 2024

OUTCOME OF THE MEETING OF THE BOARD OF DIRECTORS

This is to inform The Nigerian Exchange Limited (NGX) that at the Board of Directors meeting of Trans-Nationwide Express PLC (the Company) held on Tuesday, 19th March, 2024, the Board approved the following:

1. Directors' Report and Audited Financial Statements of the Company for the year ended 31st December, 2023 (2023 AFS).
2. That a Dividend of N0.02k per ordinary share of N0.50k each, amounting to N9,963,001.54 be and is hereby approved and recommended to shareholders for approval at the Company's forthcoming Annual General Meeting.
3. That Pursuant to the Closed Period rule of the Exchange, the Company had commenced its closed period on Monday, 1 January 2024 and will continue until 24 hours after the release of the Audited Financial Results.
4. That the Company be and is hereby authorised to propose raising additional new capital through any methods that the Directors may consider appropriate, for approval at the Company's forthcoming Annual General Meeting.
5. That the date of the Annual General Meeting be fixed for Wednesday, 19th June, 2024 at 11.00 a.m. and the venue of the Annual General Meeting will be communicated to NGX in due course.

The Company shall be uploading the approved 2023 Audited Financial Statements (AFS) on or before 30 March 2024.

Francis Asuquo

Cautious Services Limited

Company Secretaries

Mr. Sulaiman Adedokun (Chairman), Mr. Eric C. Emecheta (MD/CEO), Ms. Daniella F. Suleman,

Mr. Adebayo A. Adeleke, Mr. Kayode Ajakaiye, Mr. Olusegun Adeoye, Mr. Adegoke Olasoko