Centum Investment : 56th AGM Question and Answers

Qsn No.

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Centum 56th AGM

Questions and management reponses

DATE: 27th September 2023

Question

What does the Company intend to do with the Akira Power plant given that it is taking so much time to get the approvals. Also is there any residual value in Amu Power?

What happened to Amu Power? Was this venture abandoned completely? Is there any hope of recovering the amounts written down back in 2016 - 2019?

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Shareholder Name

RUTERE KEN GITONGA

ANONYMOUS

Category Name

Management Repsonses

In our estimation, there is no residual value in Amu Power and it is fully written off in our books. We are in talks with interested investors in a broader fundraise for the project. Once concluded, Centum will have an opportunity to exit and recover the

Centum is supporting the management team to continue growing the bank and enhance profiatbility. Should we receive a

	What are the plans for Sidian bank after the sale fell through?	GATHUKU KEVIN NDUNGU
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	How is the two rivers important to our survival of our company?	AMWOMA MARY KEMUNTO
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	WE REQUEST FOR VIPINGO VISIT	KIGOCI AMOS CERERE
6	How much did Two Rivers Land Company Limited (SEZ entity) spend to buy the
	development rights from Two Rivers Development Limited? Did that include the	ERIC MUSAU
	land only or some property?
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	Can we get a better understanding/explanation for the transfer of the development
	rights and how that works towards improving the current financial status of the	RUTERE KEN GITONGA
	company?
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	How is Nabo Capital performing and what is the future of the compant	MWONGELA
9	the government securities treasury bills and bonds are giving attractive interest
	income,has the company taken advantage of the same to increase income to	ISAAC RUTO
	shareholders
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What are some of the new strategies being used to survive in this ever changing	ATULO DOCKINS OCHIENG
economy of Kenya and the globe

Portfolio Update

compelling offer in the future we could exit the bank to unclock the value created.

With the gazettement of Two Rivers as a Special Economic Zone, we see huge potential for further growth in value of the business and we are actively engaing potential partners to drive offtake and raise funding to grow the busines under Two Rivers International Finance and Innovation Centre (TRIFIC)

Vipingo is open for a visit at any time and there is always a team on the ground to receive stakeholders who wish to pay a visit. The company has noted the request and will facilitate a visit of Vipingo project.

What was acquired are development rights

The sale of development rights by TRDL enabled it to settle its debts and this has reduced its finance costs significantly. TRIFIC which acquired the development rights is financed by suitably structured debt as well as equity in a capital structure that we believe optimizes the value of the business. TRIFIC SEZ's business focus is to develop commercial real estate for sale.

Nabo Capital is profitable and pays a dividend to Centum. Has significant third Assest Under Management in addition to Centum's portfolio.

We are reducing debt to mitigate against rising interest expense. Nabo Capital, who are our fund managers

At Centum level, we continue to reduce risk by paying down USD debt to minimize macroeconomic exposure to FX and rising interest rates. Measures have been put in place to reduce the operating cost strcuture. Some of our portfolio companies such as Greenblade, TRIFIC and Tribus are exported oriented and largely generating hard currency revenues.

CICP AGM Q&A Report.xlsx

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impact of new taxes on company financials

12 We are now looking at a company that is heavily indebted due to the real estate bets. What is CENTUM doing to get back into manufacturing or any other growth areas e.g. startups.

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	Provide the Centum 4.0 report card indicating progress against the set objectives
14	Greetings, 1. why are you changing the Auditors? 2. Amount of loan and interest
	outstanding and dividends to be paid.
15	How much is the dividend payout italipwa lini?
16	when to receive divided
17	Dividend pay date
18	Dividends pay date
19	What are the dividend eligibility and payment dates? Why is this not included in
	the AGM notice?
20	WHEN ARE WE GOING TO BE PAID DIVIDENDS, AND AT WHT RATE?
21	when is dividend pay out
22	Why is the dividends return pay very small?
23	why very low divided
24	pay divided
25	Compliments - Thank you for being customer focused, it has enhanced customers
	satisfaction in running the company. Assessment - exceeding expectations.
26	I REQUEST THE COMPANY TO REVERT TO PHYSICAL ANNUAL GENERAL
	MEETING. SOME SHAREHOLDERS DO NOT HAVE SMART PHONES SO
	THEY ARE UNABLE TO KNOW THE HAPPENINGS OF THE THEIR COMPANY.
27	how to join meeting?
28	ARE WE GOING TO BE GIVEN GIFT PACKS OR DATA BANDLE? AND HOW
	DO WE GET THE GIFTS?
29	when will the physical AGM resume
30	when to resume physical AGMs
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What are we doing for ESG ?

32 Hello...Am Elijah Warui 25years of age ,currently am unemployed..Did Diploma in ICT in Technical University of Kenya 2020...Am energetic and eager to work in your company . Can i get a job in your company .Any kind of job please i dont choose...My email is [e-mail] . Phone number 0700642449

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KIMANI ELIUD KURIA

OWINO JOSEPH MUGA

SIMON KIMARU

MATIVO ANTONY MAINGI

OTIENO DAVID HENRY

MWATHI MARY MARTHA MUGURE KIRIGO MARIAMU

KIRIGO MARIAMU

GATHUKU KEVIN NDUNGU

AWUOR ODIYO ONYANGO

IRUNGU JANET WACHEKE NJUA MARY WANJIRU NDUNGU DAVID ALFRED KARANJA KARANJA ISABELLA HANNAH NGONYO

KIMOTHO PETER NDIRITU

MURUU REGINA WANGUI

NJERI GRACE WANJIKU

AWUOR ODIYO ONYANGO

MURUU BRIGIT NJOKI

NZAU MARGARET NDUKU

JUMA KEVIN

NGENDO ELIJAH WARUI

Business Strategy

Financial Reporting and Audit

Dividend Payment

Compliments

AGM

ESG

Job Inquiry

In FY2023, we saw an increase in deffered tax liability on account of the adjustment of the Capital Gains Tax from 5% to 15%. We continue to adopt tax optimizing investment structures to mitigate leakages.

Centum is not heavily indebted. Over the strategy period, we have paid down debt by Kes 15.2 billion comprising Principal and interest. These payments were funded from internally generated cash flows.

An update on progress against Centum 4.0 strategy is contained in the Chairperson's report

This is in line with Corporate Governance best practices as recommended by CMA. PwC has served the company for 11 years and it was felt that it was necessary to rotate.

FY2023 dividend per share is Kes 0.60 per share and we have scheduled to pay this on or about 30th November 2023. The book closure date is 11th October 2023.

Management and the board of Centum appreciates the compliments

Online AGM has allowed more shareholders to particpate, including those in areas outside Nairobi and would otherwiese find it challenging to travel and attend a physical AGM

Our ESG report has recently been release and will be available on the website. The report highlights Centums impact on Environmental, Social and Governance matters.

Available openings are published on our website. Please put it an application through the online jobs portal and should your qualifications and experience match any openings in the business, you could be considered for interviews.

33	What is the future of centum shares	GICHAMBA AMOS NDAIHIRA
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	when will you offer bonus share	KINUTHIA JOHN MUIGAI

Shareholder Value

We believe that as we continue to grow the Company's fundamental value through the various strategies discussed, the share price will converge to the NAV per share in the medium term. We do not anticpate bonus shares and the immediate focus is to implement the share buyback.

CICP AGM Q&A Report.xlsx