Asset Management

Plot 1601, Adeola Hopewell Street, Victoria Island, Lagos.

October 03, 2023

The Managing Director

May & Baker Nigeria PLC,
3/5, Sapara Street,
Oba Akran Avenue,
Ikeja,
Lagos State.

Attention: Treasury Manager

Dear Sir,

INVESTMENT CERTIFICATE

We hereby confirm your investment with us under the following terms and conditions:

INVESTMENT TYPE TRO-VEST Investment Note

PRINCIPAL N 344,606,484.26
START DATE 02-Oct-23
TENOR 90
MATURITY DATE 31-Dec-23
INTEREST RATE 22.00% p.a
INTEREST AMOUNT N 18,693,721.61
WITHHOLDING TAX AMOUNT N 1,869,372.16
AMOUNT AT MATURITY N 361,430,833.71

Thank you for your patronage.

FROM: TRO-VEST ASSET MANAGEMENT LIMITED

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* Our issuance of this Certificate indicates our mutual agreement on the contract terms.
* Where the investment booking details do not agree with your records, kindly contact our customer care department at
customercare@tro-vestassetmngt.com or your Relationship Manager immediately for regularization.
* The investment will be rolled over at the prevailing market if we do not receive a rollover instruction from you on or before the
maturity date.
* Premature liquidation of the investment shall attract a penal charge of 40% on the accrued interest.
* TRO-VEST Asset Management also reserves the right to adjust the rates upwards or downwards in line with market realities.
* Premature liquidation of the investment will be treated within 72 hours from the date the liquidation request is received.
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**This is an electronically generated certificate and requires no signature. **