UPDC PLC ANNOUNCES CLOSED PERIOD FOR H1 2023 UNAUDITED RESULTS Lagos, Nigeria, 30th June 2023

In accordance with the relevant provisions of the Rule Book of Nigerian Exchange Limited (NGX), the Closed Period for trading in the shares of UPDC PLC (the "Company") will commence on July 1, 2023 in respect of the H1 2023 Unaudited Financial Statements for the period ended 30 June 2023 ("H1 2023 Unaudited Accounts"). The H1 2023 Unaudited Accounts will be due for release before or by July 30, 2023.

Hence no director, persons discharging managerial responsibility, employees with sensitive information, advisers and consultants of the Company, other insiders and their connected persons may directly or indirectly deal in the securities of the Company until 24 hours after the release of the H1 2023 Unaudited Accounts via NGX's Issuers' Portal and by extension, the general public.

Thank you.

Folake Kalaro (Mrs)

Company Secretary/Legal Adviser

UPDC Plc has a dedicated Investor's Portal on its corporate website which can be accessed via this link: https://www.updcplc.com. The Company's Investors' Relations Officer can also be reached through electronic mail at investorrelations@updcplc.com or telephone on +234 901 000 3017 for any investment related enquiry.

UPDC PLC RC.321582

UAC House, 1-5 Odunlami Street, Lagos.

info@updcplc.com | www.updcplc.com

Directors: Mr. O. Oshin (Chairman), Mr O. Ojo (CEO), Ms B. Fadayomi (DD), Mr. F. Aiyesimoju, Mr. O. Osilaja, Mr. A. Falade

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UPDC plc published this content on 03 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 July 2023 09:33:06 UTC.