PRESTIGE ASSURANCE : RESOLUTIONS PASSED AT THE BOARD MEETING

Lagos, 27 July 2023.

RESOLUTIONS PASSED AT THE BOARD MEETING OF PRESTIGE ASSURANCE PLC

Prestige Assurance Plc ("the Company") hereby wishes to inform Nigerian Exchange Limited ("NGX") and the investing Public that the meeting of the Company's Board of Directors held on Wednesday, July 26, 2023 as scheduled and the following resolutions were duly proposed and passed:

1. "That the Unaudited Financial Statements for the 2nd Quarter ended on 30th June 2023 (Q2 2023 UFS) be and are hereby approved.

Consequently, the closed period restricting all Directors and Insiders from dealing in the shares of the Company remains in place until twenty-four (24) hours after the release of the 2023 Q2 UFS to the market.

2. Appointment of MRS. SMITA SRIVASTAVA

MRS. SMITA SRIVASTAVA be and is hereby appointed as a Non-Executive Director of the Company with effect from 26th July 2023, subject to regulatory approvals.

Profile of MRS. SMITA SRIVASTAVA

She holds a B.A. (Honours) in Political Science, and an Associate of the Insurance Institute of India. She has worked in several organizations in various capacities in Health Insurance TPA of India Ltd, The Oriental Insurance Co. Ltd and The New India Assurance Company Limited, Mumbai. She is an accomplished Insurer, and Administrator equipped with track record in diverse areas of the company functions with over 35 years' experience.

Her services cuts across the health insurance, administrative and HRM and Corporate Communication functions. Prior to now, was a General Manager and a Director in The New India Assurance Company Limited.

The Board is optimistic that she will bring her wealth of experience to bear, and the Company would be further strengthened through her invaluable experience.

Mrs. Chidinma Ibe-Louis

Company Secretary