NCR (NIGERIA) : RESIGNATION AND APPOINTMENTS OF DIRECTORS

NCR NIGERIA PLC

RC. 751

6 Broad Street

Lagos

Lagos, 31 January 2022

NCR (NIGERIA) PLC - NOTIFICATION OF RESIGNATION AND APPOINTMENTS OF NEW DIRECTORS

At the meeting of the Board of Directors of NCR (Nigeria) PLC (the "Company")

held by teleconference on Thursday, 27th January 2022, the Board noted the resignation of Chief Mathew Akinlade from the Board of the Company with effect from 12th January 2022.

The Board also approved the appointments of Engineer Bisade Biobaku and Mr Ayomide Mathew Adefila as Directors of the Company with effect from 27th January 2022 subject to ratification by the Shareholders at the next Annual General Meeting of the Company.

Engineer Biobaku is an accomplished Engineer. He graduated with a Bachelor of Science, Civil Engineering, from the Manchester University (UMIST) in 1973 and qualified as a Chartered Engineer in the United Kingdom in 1976.

Since graduation, Engr Biobaku has been very active in the profession, with 12 years in the United Kingdom and over 35 years in Nigeria. While in the United Kingdom Engr Biobaku worked for prestigious Contractors such as Taylor Woodrow, Cementation Construction, and Try Construction and leading Consulting Engineers such as Baynham Meikle Partnership, Owen Williams, White Young and Green and Oscar Faber UK.

In Nigeria he has worked for the leading Consulting Engineers Ove Arup & Partners; Oscar Faber (Nigeria); evolving to become Chief Executive of Biobaku Faber & Partners.

Mr Adefila is a widely experienced Insurance broker with over 30 years of experience in the field. He rose within the ranks to become the Managing Director of Capital Trust Brokers in which he has served for decades.

Directors: Otunba Adekunle Ojora OFR, CON, FNIM, J.P. (Chairman), Ms Christiana Yisa (Country Manager), Ms Louise Georgiou (Cypriot), Mr Michael Vallier (USA), Chief Bisade Biobaku BSc, En, MNSE, MICE, PTS, Mr Mathew Adefila

NCR NIGERIA PLC

RC. 751

6 Broad Street

Lagos

He is a graduate of University of Lagos (1982) where he bagged Bsc (Hons) in Accounting. After his graduation he worked with Balogun Badejo & Co. Chartered Accountants as a Senior Audit Manager/Senior Consultant before joining Capital Trust Brokers and becoming the Company's Managing Director.

ALSEC NOMINEES LIMITED

OLUBUKOLA OLONADE-AGAGA

Company Secretaries

Directors: Otunba Adekunle Ojora OFR, CON, FNIM, J.P. (Chairman), Ms Christiana Yisa (Country Manager), Ms Louise Georgiou (Cypriot), Mr Michael Vallier (USA), Chief Bisade Biobaku BSc, En, MNSE, MICE, PTS, Mr Mathew Adefila