ARBICO : RESOLUTIONS PASSED AT THE 2024 EXTRAORDINARY GENERAL MEETING

Abeokuta, 21 March 2024

RESOLUTIONS PASSED AT THE 2024 EXTRAORDINARY GENERAL MEETING OF ARBICO PLC

At the Extraordinary General Meeting of Arbico Plc. (the Company) held on Thursday, 21 March 2024, at Park Inn by Radisson, 1 Ibrahim Babangida Boulevard, Kuto Abeokuta at 11:00am, the following resolutions were proposed and duly passed:

• 1. "That subject to obtaining the relevant regulatory approvals and compliance with all applicable regulatory requirements, the shareholders hereby approve the voluntary delisting of the issued and fully paid-up ordinary shares of ARBICO Plc from the Nigerian Exchange Limited;

• 2. "That consequent upon the approval of the voluntary delisting, the shares of dissenting shareholders shall be acquired by the Majority Shareholder and the Registrars shall remit the Exit Consideration as defined in the (Explanatory Memo) to all such dissenting shareholders in accordance with applicable rules of the Nigerian Exchange Limited on delisting;

• 3. "That the Directors be and are hereby authorized to do all acts and things and to approve, sign and/ or execute all documents, appoint such professional parties and advisers, seek approval and comply with the directives of the relevant regulatory authorities, perform all such other acts and do all such other things as may be necessary or incidental to, or deemed appropriate to give effect to the above resolutions without being required to seek any further consent or approval of the members or otherwise to the end and intent that the members shall be deemed to have given approval thereto expressly by the authority of the above resolutions". The motion was carried unanimously.

------------------------------------- Mr. Afolabi Aiyeola

------------------------------- Mr. Eyo Asuquo