Lagos, 25th February, 2022

NOTIFICATION OF SHARE DEALING BY INSIDERS

1.

Details of the of Director/Insider

a)

Name

Chief Kolawole Babalola Jamodu

2.

Reason for the notification

a)

Position/status

Non-Executive Chairman

b)

Initial notification/Amendment

Initial notification

3.

Details of the issuer

a)

Name

Nigerian Breweries Plc

b)

Legal Entity Identifier

0292002213B5D1F3B525

4.

Details of the transaction(s): to be repeated for (i) each type of instrument; (ii) each type of

transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the financial instrument,

a)

type of instrument

Ordinary Shares of Nigerian Breweries Plc

Identification Code

ISIN: NGNB00000005

b)

Nature of the transaction

Purchase of shares

Price(s) and volume(s)

(i) 5000 shares at

N

48.10

c)

(ii) 8,500 shares at

N

48.25

(iii) 2,000 shares at

N

48.30

(iv) 4,500 shares at

N

48.50

Aggregate information:

20,000 units

d)

- Aggregated volume

Price

N

48.29 per unit (Average)

e)

Date of Transaction

23rd February, 2022

f)

Place of Transaction

Lagos, The Nigerian Exchange Limited

Dated this 25th Day of February, 2022

Uaboi G. AGBEBAKU

Company Secretary

Nigerian Breweries Plc has a dedicated Investor Relations page on its corporate website: https://nbplc.com/investor-relations.html.For any

investment related inquiries, please reach out to our dedicated Investor Relations Team via e-mail:IR.NBPlc@heineken.com; or telephone: +234 (1) 2717400

DIRECTORS: Chief K.B. Jamodu, CFR - Chairman; H.Essaadi (Dutch) - Managing Director/Chief Executive; J. Anammah (Mrs);A.O. Aroyewun (Mrs); S.Hiemstra (Dutch); A. Ighodalo; R. Kleinjan (Dutch); N.O. Nwuneli (Mrs), MFR; I.M. Omoigui Okauru (Mrs), MFR; R. Pirmez (Belgian); S.L.M. Siemer (Dutch).

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NB - Nigerian Breweries plc published this content on 25 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 14:24:03 UTC.