.

Aret Adams House, 233, Ikorodu Road, Ilupeju, Lagos.

P. O. Box 70986, Victoria Island, Lagos.

Tel: 09054744444, MUTUAL CARE: 09054644444

E-mail: info@mutuang.com

Website: www.mutualng.com

Lagos, Nigeria, 01st March 2023

DELAY IN FILING AUDITED FINANCIAL STATEMENTS FOR YEAR ENDED 31ST DECEMBER 2022 & QTR 1, 2023 UNAUDITED FINANCIAL STATEMENTS

Mutual Benefits Assurance Plc (Mutual Benefits Assurance or the Company) wishes to inform its valued shareholders, investing public and key stakeholders that the Company may be unable to meet the deadline of 31st March 2023, to file the Audited Financial Statements for the year ended 31st December 2022 (2022 AFS) and consequently also may not be able to file the 1st quarter 2023 Unaudited Financial Statement for the period ended 30th March 2023 (2023 Q1 UFS) in line with the Listing Rules of the Exchange.

We are an entity subject to a Primary Government Regulator (National Insurance Commission) which means that after the completion of the audit exercise, prior approval of the regulator is required before the results can be made public.

The Company shall file the 2022 AFS and 2023 Q1 UFS as soon as the approval of the primary regulator is obtained.

The inconveniences occasioned by the delay to all stakeholders is regretted.

JIDE IBITAYO

COMPANY SECRETARY

Mutual Benefits Assurance Plc has a dedicated investors' portal on its corporate website which can be accessed via this link https://www.mutualng.com/plc/about- investorThe Company's Investors' Relations officer can be reached through electronic mail at investor.relations@mutualng.comor telephone on; +2349054644444 for any investment relation enquiry.

2015 Overall Highest Award (The PEARL of the Capital Market)

(Courtesy: PEARL Awards Nigeria)

Africa's Most Innovative Insurance Company Award, 2015

(Courtesy: African Reinsurance Corporation)

Chairman: Dr. Akin A.Ogunbiyi

Non-Executive Directors: Prof. Pat Utomi, Dr. Eze Ebube (American), Adesoye Olatunji, Kadaria Ahmed, Boye Oyewumi, Abidemi Sonoiki

Managing Director/CEO: Femi Asenuga, Executive Director: Biyi Ashiru-Mobolaji

AUTHORISED AND REGULATED BY NATIONAL INSURANCE COMMISSION. RIC-027(G)

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Mutual Benefits Assurance plc published this content on 01 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2023 15:00:40 UTC.