INITIATES : NOTICES OF BOARD MEETING (BM) - NOTICE

THE INITIATES PLC

WASTE MANAGERS & INDUSTRIAL CLEANERS

RC266755

Port Harcourt, Rivers State: 27 March 2023

NOTICE OF THE 45TH MEETING OF THE BOARD OF DIRECTORS OF THE INITIATES

PLC

NOTICE IS HEREBY GIVEN that the 45th Meeting of the Board of Directors of The Initiates Plc. (the Company) which was earlier scheduled to hold on Thursday, the 23rd day of March, 2023 shall now hold on Wednesday, the 29th day of March 2023 by 10:00am to consider among other things:

•  The Company's Growth Strategy

•  Audit Committee Report & Adoption/approval of the Audited Financial Statements for the year ended 31 December 2022 (2022 AFS); and

•  The Management's Report.

Accordingly, in compliance with Nigerian Exchange Limited's post listings requirements, The Initiates Plc. declared the commencement of a closed period for trading in its shares from 1st

January, 2023 and shall remain until 24 hours after the Company's 2022 AFS is announced to the Market.

Consequently, no Director, persons discharging managerial responsibilities, Audit Committee Members, Advisers, Consultants and Employees, with insider information or their connected persons shall deal directly or indirectly in the securities of The Initiates Plc. during this closed period.

For: The Initiates Plc.

Olaide Odejobi Company Secretary

	ANOSIKEH.J.O (CHAIRMAN) OSSAI,R.M (CEO/ MD) OBOH,C.A (NON-EXECUTIVE) Prof.ALIKOR, E.A.D (NON-EXECUTIVE) EBINUM J. (NON-EXECUTIVE) Dr. BASSEY,DOROTHY(INDEPENDENT NON-EXECUTIVE)	Plot 400, Location (New) Road Off Aba/PH Express Rd, By Oyigbo Junction Umuebule 5(502103) P.O. Box 7242 Port Harcourt
Phone [phone] www.initiatesgroup.com EMAIL:[e-mail]