BUA CEMENT : ANNOUNCEMENT ON FIRE INCIDENT

LAGOS, 20-03-2022

NOTICE OF ISOLATED FIRE INCIDENT IN SOKOTO DIESEL PORT

BUA Cement PLC hereby gives the Nigerian Exchange and the investing public notice of an isolated fire incident which occurred at a diesel storage tank farm located in the vicinity of one of our factories in Sokoto on 18th March 2022. The incident occurred whilst routine maintenance work was ongoing on one of the storage tanks by a third-party contractor.

Immediately the incident occurred, emergency services were alerted and our team swiftly responded to prevent the extension of the damage to our main plant and equipment. We are however able to confirm the regrettable loss of 3 members of the third-party contractor's staff.

While we are working assiduously to investigate the cause of the fire outbreak at the depot, which had in place adequate safety and control mechanisms, members of the Federal Fire Service, State Fire Service and our fire department were able to bring the fire under control on the 20th of March, 2022.

We would also like to note that operations at the plant and production which were shut down in the aftermath of the incident as a precautionary and preventive measure have since resumed at the factory- which was unaffected by the incident.

ABUBAKAR MAGAJI

COMPANY SECRETARY