INVESTOR RELATIONS

Presco's initial public offer was successfully completed, and since 9th October 2002 Presco Plc has been listed on the Nigerian Stock Exchange. The public offering of Presco consisted of the sale of approximately 160 million shares at NGN 5 each. The issue was fully subscribed and Presco received approximately NGN 800 million gross (€ 6.5 million).

There are over 6,000 shareholders. The current shareholding structure is as follows:

• Siat Group: 60%
• Nigerian Investors (institutional and private): 40%

Corporate Information:

Registered Office
Obaretin Estate
Km 22, Benin/Sapele Road
Ikpoba-Okha Local Government Area
Benin City, Edo State

Registrar & Transfer Office
First Registrars (Nigeria) Ltd
Plot 2, Abebe Village Road
Iganmu
PMB 12692
Marina, Lagos

Auditors
Akintola Williams Deloitte (Chartered Accountants)
235 Ikorodu Road
Ilupeju, Lagos

Solicitors
Abdulai, Taiwo & Co
Goodwill House
278 Ikorodu Road
Lagos