Northern Nigeria Flour Mills : N NIG. FLOUR MILLS PLC.-NNFM 2023 AGM RESOLUTION

11 September 2023

ORDINARY RESOLUTION OF THE SHAREHOLDERS OF NORTHERN NIGERIA FLOUR MILLS PLC ("THE

COMPANY") PASSED PURSUANT TO SECTION 123 OF THE COMPANIES AND ALLIED MATTERS ACT, 2020

At the 51st Annual General Meeting of Northern Nigeria Flour Mills Plc (NNFM Plc) Held at the Amani Events Centre, No. 3 Tamandu Road GRA Nasarawa Kano, on Thursday, 7 September 2023, the following resolutions were passed;

1. The Audited Financial Statements for the Year ended 31st March 2023 and the Reports of the Directors, Auditors and Audit Committee thereon were received.
2. The declaration of a 35 kobo dividend amounting to sixty-two million, three hundred and seventy thousand (N62,370,000) to ordinary shareholders of the company for the year ended 31st March 2023 was approved.
3. The following directors retiring by rotation and having offered themselves for re-election were re- elected.
4. 1. Mr John G. Coumantaros
   2. Alhaji Yunus Olalekan A. Saliu
   3. Alhaji Sani Umar
5. The appointment of Alhaji Auwalu Mukhtari as a Director of NNFM Plc was approved.
6. The Directors were authorized to fix the remuneration of the external auditors.
7. The following members of the Statutory Audit Committee representing the shareholders were re- elected until the conclusion of the next Annual General Meeting.
8. 1. Alhaji Bello Umar Gwangwazo
   2. Alhaji Lawan Sule Garo
   1. Alhaji Sadiq A Othman
9. The following Directors were nominated to represent the Board on the Statutory Audit Committee.

1. Alhaji Auwalu Mukhtari
2. Alhaji Sani Umar

8. In Compliance with the requirements of section 124 of the Companies and Allied Matters Act 2020 (as amended) and Regulation 13 of the Companies Regulations 2021, the cancellation of 21,800,000 units of unissued ordinary shares of the Company was approved.

Ogwuche Theophilus

Company Secretary