RC: 611238

Lagos, Nigeria, May 30, 2024

Notification of Retirement of a Director, and Appointment of a New Director in Transnational Corporation Plc

Transnational Corporation Plc (Transcorp or the Company) hereby notifies the investing public and the Nigerian Exchange Limited that Mr. Emmanuel Nnorom has retired from the Board of Transnational Corporation Plc as a Non-Executive Director, effective close of business May 27, 2024. The retirement is in accordance with the provisions of Section 307(3) of the Companies and Allied Matters Act 2020 (as amended), which limits the number of public companies in which a director can serve simultaneously.

The Company also wishes to inform the investing public and the Nigerian Exchange Limited that, pursuant to the provisions of the Companies and Allied Matters Act 2020 and the Articles of Association of the Company, the Board of Directors of the Company has approved the appointment of Mr. Chiugo Ndubisi as a Non-Executive Director effective, May 27, 2024.

Mr. Chiugo Ndubisi is currently Group Executive Director, Investments & Business Development, at Heirs Holdings Limited. His career spans over 25 years in the Financial Services industry, including serving as Executive Director, Treasury and International Banking at United Bank for Africa Plc.

Mr. Ndubisi holds a first-class honours degree in Engineering from the University of Nigeria, Nsukka, and an MBA degree from the University of Lagos. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), the Chartered Institute of Bankers of Nigeria (CIBN), and the Chartered Institute of Taxation of Nigeria (CITN). He has attended various local and international programs, including the Advanced Management Programme (AMP) of the Wharton Business School and the Senior Management Programme (SMP) of the Lagos Business School.

ndu

Group Company Secretary

Transnational Corporation Plc

38, Glover Road, Ikoyi Lagos. Tel: +234 - (0) 906 290 9317

Directors: Tony O. Elumelu, CFR (Chairman), Dr. Foluke Abdulrazaq, OON (Vice Chairman/Ind. Director), Dr. Owen D. Omogiafo, OON (President/GCEO), Emmanuel N. Nnorom (Director), Dr. Stanley Lawson (Director), Toyin Sanni (Director), Ahmadu Sambo (Ind. Director), Victor Famuyibo (Ind. Director) OliverAndrews (Ind. Director)

www.transcorpgroup.com

RC: 611238

Transnational Corporation Plc

38, Glover Road, Ikoyi Lagos. Tel: +234 - (0) 906 290 9317

Directors: Tony O. Elumelu, CFR (Chairman), Dr. Foluke Abdulrazaq, OON (Vice Chairman/Ind. Director), Dr. Owen D. Omogiafo, OON (President/GCEO), Emmanuel N. Nnorom (Director), Dr. Stanley Lawson (Director), Toyin Sanni (Director), Ahmadu Sambo (Ind. Director), Victor Famuyibo (Ind. Director) OliverAndrews (Ind. Director)

www.transcorpgroup.com

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Transnational Corporation of Nigeria plc published this content on 31 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2024 09:48:05 UTC.