AFRICA PRUDENTIAL : AFRIPRUD - RESOLUTIONS PASSED AT ANNUAL GENERAL MEETING

Lagos, Nigeria

May 4, 2023

AFRICA PRUDENTIAL PLC - RESOLUTIONS PASSED AT THE ANNUAL GENERAL MEETING

At the Annual General Meeting of Africa Prudential Plc, held on Tuesday May 2, 2023, at the Transcorp Hilton Hotel, Abuja, the following resolutions were proposed and duly passed:

1. The Audited Financial Statements for the year ended December 31, 2022, and the Report of the Directors, Auditors and Audit Committee thereon.
2. A dividend of N1Billion at 50 kobo per ordinary share of 50 kobo to all shareholders whose names were registered in the Company's Register of Members as of April 14, 2023.
3. The approval of the re-election of Mr Peter Ashade and Mrs Zubaida Rasheed as Non - Executive Director and Independent Non-Executive Directors respectively.
4. The authorization of the Board of Directors to fix the remuneration of the Auditors for the financial year ending December 31, 2023.
5. The re-election of the following as members of the Statutory Audit Committee:

1	Mr. Frank Chikezie	Shareholders Representative.
2	Mr. Tajudeen Adeshina	Shareholders Representative
3	Mr. Kabiru Tambari	Shareholders Representative
4	Mr. Peter Elumelu.	Directors' Representative
5	Mrs. Zubaida Rasheed.	Directors' Representative

6. Disclosure of the remuneration of the Managers on page 118 of the Annual Report was noted by the Shareholders.

1. The approval of the remuneration of the Non-Executive Directors fixed at N60 million for the financial year ending December 31, 2023.
2. The approval for amendment of Article 11, being the Article on number of Directors in the Company's Articles of Association to be amended to increase the number of Directors to maximum of Ten.
3. The approval that, pursuant to Section 11 of the Business Facilitation
   (Miscellaneous Provisions) Act 2022, Article 7 of the Company's Articles of Association be amended by the creation of Article 7 (a) to provide as follows:

"The Company's General Meeting may hold either physically or electronically, provided that the meeting is held in compliance with the Company's Article of Association".

1. The approval that the company's Memorandum and Articles of
   Association be amended to reflect the changes authorized by the foregoing resolution.
2. The approval that the Directors be and are hereby authorized to take, or cause to be taken, all actions necessary to effect the amendment including without limitation, the preparation, execution, and filing of all necessary notifications with the Corporate Affairs Commission and all other relevant regulatory authorities.

Joseph Jibunoh, Esq

Company Secretary.