NSE Enforcement Action - Compliance Status Update

Proshare Nigeria Limited

Compliance Update on Names of Quoted Firms Published by NSE (October) as having concerns with reporting
As at Monday, November 15, 2010

S/No Company Deadline Outstanding Grade Status of the Firm

1 Nigerian Cement Co. Plc 11th Oct, 2010 Concern No Response yet from the company
Audited Account for the period 31st Dec, 2009
2 Arbico Plc 11th Oct, 2010 Q1 - Q3 2010 released.

3 Okitipupa Oil Palm Plc 11th Oct, 2010 Concern No Response yet from the company
4 Flexible Mineral Plc 11th Oct, 2010 Concern No Response yet from the company
5 Golden Guinea Breweries Plc 11th Oct, 2010 Concern No Response yet from the company
6 Wiggins Teaple Plc 11th Oct, 2010 Concern No Response yet from the company
Audited Account for the period 31st Dec, 2009
7 Nigerian Wire and Cable Plc 4th Oct, 2010 Q1 - Q3 2010 released.
8 Krabo Plc 11th Oct, 2010 Concern No Response yet from the company
9 Daily Times of Nigeria Plc 11th Oct, 2010 Concern No Response yet from the company
10 First Capital Investment Trust Plc 11th Oct, 2010 Concern No Response yet from the company
Audited Account for the period 30th June, 2010
11 Stockvis Plc 11th Oct, 2010 Q3 2010 released.
12 New Pak Plc 11th Oct, 2010 Concern No Response yet from the company
13 Albarka Air Plc 11th Oct, 2010 Concern No Response yet from the company
Audited Account for the period 31st Dec, 2009
14 Jos International Breweries Plc 11th Oct, 2010 Q1 - Q3 2010 released.

Q1 to Q4 2009 and Audited Account for the period 31st Dec, 2008
15 Union Dicon Salt Plc 11th Oct, 2010 Q1 - Q3 2010 released.
16 Tropical Petroleum Plc 11th Oct, 2010 Concern No Response yet from the company
17 Foremost Diaries Plc 11th Oct, 2010 Concern No Response yet from the company

Q1 to Q4 2009 and Audited Account for the period 31st Dec, 2008
18 Hallmark Paper Products Plc 11th Oct, 2010 Q1 - Q3 2010 released.

Q1 to Q4 2009 and Audited Account for the period 31st Dec, 2008
19 Ekocorp Plc 11th Oct, 2010 Q1 - Q3 2010 released.
Q4 2009 and Q1 - Audited Account for the period 30th Sep, 2009
20 West African Aluminium Plc 11th Oct, 2010 Q3 2010 released.
Q2 2010 Financial Accounts for the period 30th June,
21 Chams Plc 4th Oct, 2010 Q3 2010 2010 relased
Audited Account for the period 31st Dec, 2009
22 Union Diagonistics and Clinical Services Plc 4th Oct, 2010 Q1 - Q3 2010 released.

Q1-Q4 2008, 2009 Serious Audited Account for the period 31st Dec, 2007
23 Interlinked Technologies Plc 4th Oct, 2010 and Q1-Q3 2010 Concern released.
Q3 2010 Financial Accounts for the period 30th Sept,
24 Scoa Plc 4th Oct, 2010 2010 relased
25 Lennards Nigeria Plc 4th Oct, 2010 Concern No Response yet from the company
Q3 2010 Financial Accounts for the period 30th Sept,
26 Ikeja Hotels Plc 4th Oct, 2010 2010 relased
27 Nigeria Energy Sector Fund Plc 4th Oct, 2010 Concern No Response yet from the company
28 Big Treat Plc 4th Oct, 2010 Concern No Response yet from the company
Q2 2010 Financial Accounts for the period 30th June,
29 Dangote Flour Mills Plc 4th Oct, 2010 Q3 2010 2010 relased
30 Nigeria Sewing Machine Plc 4th Oct, 2010 Concern No Response yet from the company
Q3 2010 Financial Accounts for the period 30th Sept,
31 Nigerian-German Chemicals Plc 4th Oct, 2010 2010 relased
Audited Account for the period 31st Dec, 2009
32 Vono Products Plc 4th Oct, 2010 Q1 - Q3 2010 released.
33 MTI Plc 4th Oct, 2010 Concern No Response yet from the company
34 Evans Medical Plc 4th Oct, 2010 Concern No Response yet from the company
Audited Account for the period 31st Mar, 2010
35 Premier Breweries Plc Not available Q2 - Q3 2010 released.
Audited Account for the period 31st Dec, 2009
36 Pharma Deko Plc 4th Oct, 2010 Q1 - Q3 2010 released.
Audited Account for the period 31st Dec, 2009
37 M-Tech Plc 4th Oct, 2010 Q1 - Q3 2010 released.
Audited Account for the period 31st Dec, 2009
38 African Petroleum Plc 4th Oct, 2010 Q1 - Q3 2010 released.
Q2 2010 Financial Accounts for the period 31st July,
39 C & I Leasing Plc Not available Q3 2010 2010 relased
Q4 2009 and Q1 - Audited Account for the period 30th Sept, 2009
40 PS Mandries Plc 4th Oct, 2010 Q3 2010 released.

Q1-Q4 2008, 2009 Serious Audited Account for the period 31st Dec, 2007
41 Studio Press Nigeria Plc 4th Oct, 2010 and Q1-Q3 2010 Concern released.
Q2-Q4 2008, Q1 -
Q4 2009 and Q1- Serious Audited Account for the period 31st Mar, 2008
42 G.Cappa Plc 4th Oct, 2010 Q3 2011 Concern released.
Q3 2010 Financial Accounts for the period 30th Sept,
43 Conoil Plc 4th Oct, 2010 2010 released
Q2 2010 Financial Accounts for the period 30th June,
44 Daar Communications Plc 4th Oct, 2010 Q3 2010 2010 relased
45 Aluminium Manufacturing Plc-Alumaco 4th Oct, 2010 Concern No Response yet from the company
Audited Account for the period 31st Dec, 2009
46 Tourist Company Plc 4th Oct, 2010 Q1 - Q3 2010 released.
Q3 2010 Financial Accounts for the period 30th Sept,
47 Nigerian Wire Industries Plc 4th Oct, 2010 2010 released
Audited Account for the period 31st Dec, 2009
48 Nigerian Ropes Plc 4th Oct, 2010 Q1 - Q3 2010 released.

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 NSE Enforcement Action - Compliance Status Update

Q3 2010 Financial Accounts for the period 30th Sept,

49 Crusader Plc 4th Oct, 2010 2010 released
Q2 2010 Financial Accounts for the period 30th June,
50 Afrik Pharmaceuticals Plc Watch List Q3 2010 2010 relased
51 Anino Plc Watch List Concern No Response yet from the company
52 Rak Unity Petroleum Plc Watch List Concern No Response yet from the company
53 Rokana Plc Watch List Concern No Response yet from the company
54 Smart Products Plc Watch List Concern No Response yet from the company
55 Udeofson Garment Plc Watch List Concern No Response yet from the company
Q2 2010 Financial Accounts for the period 30th June,
56 Union Ventures & Petroleum Plc Watch List Q3 2010 2010 released
Q3 2010 Financial Accounts for the period 30th Sept,
57 Intercontinental Wapic Insurance Plc No Deadline 2010 released
Q3 2010 Financial Accounts for the period 30th Sept,
58 Regency Alliance Insurance Plc No Deadline 2010 released
Q2 2010 Financial Accounts for the period 30th June,
59 Morison Industries Plc No Deadline Q3 2010 2010 released
60 Afroil Plc No Deadline Concern No Response yet from the company
61 Guinea Nig Insurance Plc No Deadline Concern No Response yet from the company
62 Great Nig Insurance Plc No Deadline Concern No Response yet from the company
63 Investment and Allied Insurance Plc No Deadline Concern No Response yet from the company
Audited Account for the period 31st Dec, 2009
64 Niger Insurance Plc No Deadline Q1 - Q3 2010 released.
65 Universal Insurance Plc No Deadline Concern No Response yet from the company
Audited Account for the period 31st Dec, 2009
66 Standard Alliance Insurance Plc No Deadline Q1 - Q3 2010 released.
Q3 2010 Financial Accounts for the period 30th Sept,
67 Crusader Insurance Plc 2010 released
Audited Account for the period 31st Dec, 2009
68 International Energy Insurance Plc Q1 - Q3 2010 released.
Q2 2010 Financial Accounts for the period 30th June,
69 Staco Insurance Plc Q3 2010 2010 released
Q2 2010 Financial Accounts for the period 30th June,
70 Royal Exchange Plc Q3 2010 2010 released
The Company has notified The Exchange that its
Audited Accounts for the year ended (YE) March 31,
2010 is currently being audited. The company
expects the completion of the audit exercise as well
as the approval by the Central Bank of Nigeria to
take place before the end of November 2010 after
which the Accounts will be submitted for presentation
71 Aso Savings and Loans Plc No Deadline Q1 - Q3 2010 to the market.

The Company has notified The Exchange that its April

30, 2010 year-end result is being audited by its
External Auditors and it promise to submit same
upon the completion of the auditing. In the same
vein the company could not submit its 1st & 2nd
Quarter Accounts for 2010, because of the pending
72 IHS Nigeria Plc Q1 - Q3 2010 2010 financial year audited accounts.
Source: Proshare Research/NSE

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