GDR Delisting

This Circular explains the process by which Guaranty Trust Holding Company Plc (GTCO) will cancel its Global Depositary Receipts (GDRs) listed on the Official List of the United Kingdom Financial Conduct Authority (FCA) and trading on the London Stock Exchange (LSE) and exchange the GDRs for the underlying ordinary shares.

GTCO has opted to list its ordinary shares directly to improve liquidity and simplify access for international investors. This change also positions the Company to more easily raise equity capital internationally in the future should it need to do so in future.

Only Domestic GDR Holders, i.e. those who are Nigerian citizens or residents, should act on this Circular.

Your GDRs will be cancelled and exchanged for the underlying ordinary shares of GTCO. You must submit a Form of Election to indicate how you wish to receive your underlying shares.

You have two options:

• Option 1: Receive Depositary Interests (DIs) representing the underlying shares for trading on the LSE (via the CREST system)
  

• Option 2: Receive the underlying shares directly into your CSCS account for trading on the Nigerian Exchange (NGX)

1. Download or retrieve the Form of Election from www.gtcoplc.com or www.datamaxregistrars.com

2. Complete the Form of Election, selecting either Option 1 or Option 2

3. Submit the completed Form of Election by 5:00 p.m. on July 23, 2025 to DataMax Registrars Limited via:

• Registered mail (physical delivery)
• Email: RMU@datamaxregistrars.com

If you take no action:

• Your shares will remain under administrative custody with the Registrar
• You will not be able to trade your shares on either the NGX or LSE
• You may incur processing fees for any future conversion requests
• You may experience delays in dividend payments in case you are yet to provide your USD domiciliary account details to DataMax Registrars Limited (the Registrar).

No, there are no fees or charges for Domestic GDR Holders during the Cancellation Period.

The last day of trading in the GDRs is July 30, 2025.

The GDRs will be officially delisted from the Official List of the FCA and from trading on the LSE on July 30, 2025.

• If you choose Option 1 (LSE/CREST), DIs will be credited within 5 business days after receipt of a valid Form of Election with CREST details.
• If you choose Option 2 (NGX), the GTCO shares that you are entitled to will be credited to your CSCS account within 5 business days.

You must provide:

• Your CHN and CSCS Account Number
• Naira bank account details (for dividends in Naira)
• Your BVN (Bank Verification Number)

Yes. You may submit USD domiciliary account details to receive dividends in USD.

GTCO Investor Relations

Tel: 0700 123 8239

Email: IR@gtcoplc.com

DataMax Registrars Limited

Tel: 0706 400 0751

Email: investorsenquiries@datamaxregistrars.com