GUARANTY TRUST : GTCO'S NOTICE OF PROPOSED OFFERING

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE

OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO ANY

JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL

LAGOS, Nigeria, June 11, 2024.

This notice is issued in reliance on Rule 283 of the Rules & Regulations of the Securities & Exchange Commission, Nigeria.

This notice does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offer, solicitation or offer to buy, or any sale of securities will be made only by a prospectus duly registered by the Securities and Exchange Commission, Nigeria (SEC) in accordance with the provisions of the Investments and Securities Act, No. 29, 2007 (the Act) and the rules and regulations of the SEC made pursuant to the Act (the SEC Rules).

NOTICE OF PROPOSED OFFERING

Guaranty Trust Holding Company Plc (GTCOPLC) has filed a preliminary "red herring" prospectus (Red Herring Prospectus) with the SEC in connection with a proposed offering for subscription of ordinary shares of 50 kobo each in its share capital (the Ordinary Shares) to raise gross proceeds of up to N500 Billion (the Proposed Offering). The number of Ordinary Shares to be offered and the price range for the Proposed Offering have not yet been determined.

	The net proceeds of the Proposed Offering will be used for (i) the
PURPOSE	growth and expansion of the GTCOPLC Group's businesses. Such
	planned growth and expansion will be effected through
	investments in technology infrastructure to fortify existing
	operations, the establishment of new subsidiaries and selective
	acquisitions of non-banking businesses; and (ii) the
	recapitalisation of Guaranty Trust Bank Limited.
	The Proposed Offering is structured as an institutional offering
TARGET INVESTORS	targeted at eligible investors and a retail offering within Nigeria (the
	Nigerian Tranche) and a private placing to persons reasonably
	believed to be qualified institutional buyers outside Nigeria (the
	International Tranche).
LISTING AND ADMISSION	An application will be filed for the approval of the Board of the
TO TRADING	Nigerian Exchange Limited (NGX) with respect to the listing and
	admission to trading of the Ordinary Shares on the NGX Official
	List.
ANTICIPATED TIMING OF	The Proposed Offering is anticipated to open by July, 2024.
THE PROPOSED OFFERING

The filing of the Red Herring Prospectus was undertaken with a concurrent filing of a preliminary universal shelf registration statement. The universal shelf registration will permit GTCOPLC to establish a multi-currency securities issuance programme (the Programme) to issue various types of securities, or any combination of such securities, in one or more offerings, from time to time, to raise proceeds in an aggregate amount of up to U.S.$750 million (or equivalent amount

in Nigerian Naira) in the Nigerian/international capital markets during the validity period of the Programme.

The Proposed Offering is expected to be the first issuance under the Programme.

This notice does not constitute an offer of securities for sale in the United States or to U.S. persons ("U.S. persons"), as such term is defined in Regulation S promulgated under the United States Securities Act of 1933, as amended, (the U.S. Securities Act). The Ordinary Shares being offered have not been, nor will be, registered under the U.S. Securities Act or any state securities laws, and may not be offered or sold in the United States or to U.S. persons absent registration or an applicable exemption from such registration requirements.

About the Issuer

Guaranty Trust Holding Company Plc is the ultimate holding company of the GTCOPLC Group.

The GTCOPLC Group is one of the largest financial services organisations in Africa. Headquartered in Lagos, Nigeria, the Issuer maintains direct and indirect investments in a network of operating entities located in 10 countries across Africa and the United Kingdom. Within these regions, the operating entities provide a comprehensive range of commercial banking and related financial services to millions of retail, institutional, private banking and wealth management customers, in addition to asset management, pension fund administration and payment technology businesses.

For further information, please contact:

Investor Relations: [e-mail], [phone]