RC. 2321

Lagos, 6 March 2024

NOTIFICATION OF RECENT DEVELOPMENT IN NGX REGULATION LIMITED, A SUBSIDIARY OF NIGERIAN EXCHANGE GROUP

This is to notify Nigerian Exchange Limited (NGX or The Exchange) and the investing public of the appointment of Mr. Olufemi Shobanjo as the Chief Executive Officer of NGX Regulation Limited (NGX RegCo), the independent Self-Regulatory Organisation subsidiary of Nigerian Exchange Group Plc. Shobanjo's appointment takes effect on Wednesday, 28 February 2024, following the receipt of the Securities and Exchange Commission's No-Objection, as the former CEO, Ms. Tinuade Awe, completed her tenure on Tuesday, 27 February 2024.

Mr. Shobanjo has over 18 years' professional experience spanning across corporate and commercial law, compliance and regulation and banking and financial markets. Prior to this appointment, he served as the Head, Broker-Dealer Regulation at NGX RegCo.

We congratulate Mr. Shobanjo on his appointment. We also express our gratitude to Ms. Awe for her contributions and wish her success in her future endeavours.

Thank you.

Izuchukwu Akpa

Acting Group Company Secretary

Statement on Investors' Relations

Nigerian Exchange Group Plc has a dedicated investors' portal on its corporate website which can be

accessed via this link: https://ngxgroup.com/investor-relations/The Company's Investors' Relations

Department can also be reached through electronic mail at: ir@ngxgroup.com; or telephone on: +234- 1-4489363,+234-1-4489373 for any investment related enquiry.

Nigerian Exchange Group House, 2/4 Customs Street | PO Box 2457, Marina, Lagos, Nigeria | T +234 1 4638333 5 | M +234 700 225 5673 | Econtactcenter@ngxgroup.com

Board of Directors

Group Chairman: Dr Umaru Kwairanga | GMD/CEO: Mr. Temi Popoola | Independent Non-ExecutiveDirectors: Dr. Okechukwu Itanyi, Mrs. Ojinika Olaghere, Mrs. Mosun Belo-Olusoga,

Mrs. Fatima Wali - Abdurrahman | Non-ExecutiveDirectors: Mr. Nonso Okpala, Mr. Mohammed Garuba, Mr. Sehinde Adenagbe, Mr. Ademola Babarinde

Nigerian Exchange Group Plc.

www.ngxgroup.com

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NGX - Nigerian Exchange Group plc published this content on 06 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 March 2024 23:43:03 UTC.