25 March 2024

Lagos, Nigeria

NOTICE OF DELAY IN FILING AND PUBLICATION OF AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31ST DECEMBER 2023 AND THE UNAUDITED FINANCIAL STATEMENTS FOR THE FIRST QUARTER ENDING 31ST MARCH 2024

Consolidated Hallmark Holdings Plc ("Company") wishes to notify its esteemed Shareholders, and the investing public that the filing of the Company's Audited Financial Statements (AFS) for the year ended 31st December 2023 and the Unaudited Financial Statements (UFS) for the first quarter ending 31st March 2024 may be delayed beyond the regulatory due dates of 31st March 2024 and 30 April 2024 respectively, as required under the Rules of the Nigerian Exchange Limited (NGX).

The delay is attributed to unanticipated challenges arising from the implementation of the new IFRS 17 standard and the subsequent delay in filing and obtaining the approval of the National

InsuranceCommission

(NAICOM)fortheauditedaccountsofitsflagshipsubsidiary, Consolidated Hallmark Insurance Limited for the period ended 31st December 2023. The adoption and the implementation of the International Financial Reporting Standard (IFRS 17), became operational for all Insurance Companies in Nigeria from 1st January 2023.

The Nigerian Insurers Association (NIA) has had various engagements with the National Insurance Commission (NAICOM) with respect to the above subject matter and has obtained on behalf of listed Insurance Companies, an extension of time for submission of the Audited Financial Statements (AFS) for the year ended 31st December 2023 and the Unaudited Financial Statements (UFS) for the first quarter ending 31st March 2024 to the Exchange and the Securities & Exchange Commission.

We wish to assure all our stakeholders that the Company is working diligently to expedite the approval process and ensure that the AFS for the year ended 31st December 2023 and the UFS for the first quarter ending 31st March 2024 are filed not later than 29th and 30th May 2024 respectively.

We regret any inconvenience this delay may cause to our esteemed stakeholders and the investing public and appreciate your understanding and patience as we work to fulfil our regulatory obligations.

Thank you.

FOR: CONSOLIDATED HALLMARK HOLDINGS PLC

Rukevwe Falana

Company Secretary

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Consolidated Hallmark Insurance plc published this content on 25 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2024 10:58:06 UTC.