INITIATES : DIVIDEND INFORMATION

WASTE MANAGERS & INDUSTRIAL CLEANERS

THE INITIATES PLC

RC266755

Corporate Actions Announcement

THE INITIATES PLC hereby announce as follows:

Period Ended

31st December 2023

A Final Dividend of N0.06 for every share of 50 kobo each, subject to

appropriate withholding tax and approval will be paid to shareholders whose

names appear in the Register of Members as at the close of business on 5th

Proposed Dividend

day of July, 2024.

Proposed Bonus

NIL

Closure of Register

The Register of Shareholders will be closed from 8th to 12th July, 2024.

Qualification Date

5th of July, 2024

On 26th of July 2024, dividends will be paid electronically to shareholders

whose names appear on the Register of Members as at 5th day of July, 2024

and who have completed the e-dividend registration and mandated the

Payment Date

Registrar to pay their dividends directly into their Bank accounts.

Shareholders who are yet to complete the e-dividend registration are advised

to download the Registrar's E-DividendMandate Activation Form, which is

also available on the website of the Registrars: www.apel.com.ngcomplete

E-Dividend Registration

and submit to the Registrar or their respective Banks.

Shareholders with dividend warrants and share certificates that have

Unclaimed

Dividend

remained unclaimed, or are yet to be presented for payment or returned for

Warrants

and Share

validation are advised to complete the e-dividend registration or contact the

Certificates

Registrar.

Date of Annual General

Meeting

25th day of July, 2024 at 11:00.am (Venue will be announced in due course)

APEL

CAPITAL REGISTRARSLIMITED, Phone: [phone]; email:

Registrar

[e-mail]: www.apel.com.ng

Investor Relations

Phone No. email: 08036710909, [e-mail]

Dated this 22nd day of March, 2024

Signed:

Olaide Odejobi

Company Secretary

ANOSIKEH.J.O (CHAIRMAN)

OSSAI,R.M (CEO/ MD)

Plot 400, Location (New) Road

OBOH-OZOHEREBE G. (NON-EXECUTIVE)

Off Aba/PH Express Rd, By Oyigbo Junction

Prof.ALIKOR, E.A.D (NON-EXECUTIVE)

Umuebule 5(502103)

EBINUM J. (NON-EXECUTIVE)

P.O. Box 7242

Dr. BASSEY,DOROTHY(INDEPENDENT NON-EXECUTIVE)

Port Harcourt

Phone [phone]

www.initiatesgroup.com

EMAIL:[e-mail]