AIICO Insurance Plc- agm resolutions

At the 55th Annual General Meeting of AIICO Insurance Plc (the Company) held at The Civic Center, Ozumba Mbadiwe Road, Opposite 1004 Flats, Lagos State on Tuesday May 27, 2025, the following resolutions were duly passed:

1. That the Reports of the Directors, Auditor, External Consultant on the Board Appraisal and Audit Committee together with the Audited Accounts for the financial year ended December 31,2024 submitted to the meeting be and are hereby received and adopted.

2. A dividend of 7 Kobo per share amounting to N2,562,369,508.70 (Two Billion, Five Hundred and Sixty-two Million, Three Hundred and Sixty-Nine Thousand, Five Hundred and eight Naira, Seventy Kobo) only, [subject to withholding tax] in respect of and out of the profit after taxation for the year ended 31 December 2024, is recommended for payment to members whose names appeared in the register as of May 21, 2025.

3. That the following Directors be and are hereby duly elected/re-elected:

   1. Mr. Samaila Zubairu

   2. Mrs. Folakemi Edun

4. That Messrs. ERNST & YOUNG (E&Y) Professional Services be re-appointed as the Company's Auditors until the end of the current financial year and that the remuneration and expenses of the Company's Auditors, Messrs. ERNST & YOUNG Professional Services be fixed by the Directors in respect of the period ending at the conclusion of the next Annual General Meeting.

5. That the remuneration of the Managers of the Company be and is hereby disclosed to members.

6a. That the following shareholders' representatives be and are hereby elected as members of the Company's Statutory Audit Committee:

• Mrs. Onyenekwe Florence

• Chief Robert Igwe

• Mr. Attu Raphael Nnaji

  6b. That the following Directors be and are hereby appointed to represent the Board on the Statutory Audit Committee:

• Mr. Raimund Snyders

• Mrs. Oluwakemi Adewole

That the Non-Executive Directors remuneration for the period ended December 31, 2024 as contained in Page 246 of the Annual Report and Accounts 2024 be and is hereby approved.