Lagos, Nigeria – July 2, 2024: Access Holdings Plc (“Access Holdings” or “the

Group”) on Tuesday, June 2, 2024, held a formal signing ceremony as part of the

arrangements to raise a total of 351,009,103,017.25 (Three hundred and fifty-one₦

billion, nine million, one hundred and three thousand, seventeen naira and twenty

kobo) by way of a Rights Issue (“the Offer”) to existing shareholders. The Offer is part

of the Group’s strategy to enhance its working capital requirements, which includes

organic growth funding for its banking and non-banking subsidiaries.

The Signing Ceremony with respect to the Offer was held at Access Tower, the

corporate office of Access Holdings in Lagos. Access Holdings’ shareholders had at its

2nd Annual General Meeting (AGM), which held on Friday, April 19, 2024, unanimously

backed its plan to execute a Capital Raising Programme of about US$1.5 billion as well

as the subset initiative to raise capital through a Rights Issue of ordinary shares to its

shareholders.

Under the Rights Issue, 17,772,612,811 (Seventeen billion, seven hundred and

seventy-two million, six hundred and twelve thousand, eight hundred and eleven)

ordinary shares of N0.50 each at N19.75 per share on the basis of 1 (one) new

ordinary share for every 2 (two) existing ordinary shares held as of Friday, June 7,

2024.

At the Signing Ceremony, Acting Managing Director/Chief Executive Officer of Access

Holdings Plc, Bolaji Agbede, disclosed that “The Rights Issue is a significant step in

delivering our 2023-2027 strategic plan. The additional capital will enable us to

maximise emerging opportunities and deliver long-term value to our shareholders.”

Chapel Hill Denham is the Lead Issuing House to the Offer, while Atlas Registrars

Limited will serve as Registrars through the exercise.

The Joint Issuing Houses are Coronation Merchant Bank, Stanbic IBTC Capital, Vetiva

Advisory Services, Greenwich Merchant Bank, FCSL, First Ally Capital, FCMB Capital,

Renaissance Capital Africa and Meristem Capital.

Other parties to the Offer are Coronation Merchant Bank, Coronation Securities,

Chapel Hill Denham Securities Limited, FSDH Capital, Cordros Capital, Cowry

Securities, First Integrated Capital Management Ltd, Network Capital Ltd, CSL

Stockbrokers Limited, Compass Investment & Securities Ltd, PAC Securities Limited,

www.accessbankplc.com

Dynamic Portfolio, Chartwell Securities Limited, Tiddo Securities Limited, and

Futureview Securities Limited.

Subject to approval of the Securities and Exchange Commission (SEC), the

Acceptance and Application Lists for the Rights Issue are expected to open on

Monday, July 8, 2024, and close on Thursday, August 8, 2024.

The Rights Circular for the Issue, which contains a Provisional Allotment Letter and the

Participation Form, will be mailed directly to shareholders of the Group. Printed copies

of the Participation Form can also be obtained at any Access Bank branch and the

offices of the Issuing Houses during the Offer Application Period.

All existing shareholders and prospective investors are encouraged to read the Rights

Circular and Prospectus and, where in doubt, consult their Stockbroker, Fund/Portfolio

Manager, Accountant, Banker, Solicitor, or any other professional adviser for guidance

before subscribing.