Axa MANSARD - agm resolutions

Lagos, July 11, 2025

AXA Mansard Insurance Plc.

At the 33rd Annual General Meeting of AXA Mansard Insurance Plc (AXA Mansard or the Company), duly convened and held virtually, all resolutions contained in the Notice of the Annual General Meeting were presented to the Shareholders and the following were unanimously resolved as follows:

1. That the Audited Financial Statements for the financial year ended December 31, 2024, and the Reports of the Directors, the Auditor and Audit Committee thereon laid before the meeting be and are hereby received.

2. That the appointment of the following as Directors of the Company be and are hereby approved:

   1. Mr. Dan Shuaib as an Independent Non-Executive Director

   2. Ms. Nuria Fernandez as a Non-Executive Director

   3. Ms. Krithika Kalyanasundaram as a Non-Executive Director

3. That the re-election of the following Directors of the Company be and are hereby approved:

   1. Ms. Abiola Bada for re-election as an Independent Non-Executive Director

   2. Ms. Latifa Said for re-election as a Non-Executive Director

4. That the appointment of Ernst & Young as the External Auditors of the Company is hereby approved.

5. That final dividend of 45 Kobo per ordinary share of N2.00 each in respect of the financial year ended 31st December 2024 be paid today the 10th of July 2025 as dividend subject to the deduction of withholding tax at the applicable rate. The dividend will be paid to shareholders whose names appear in the Company's Register of Members as at the close of business on Wednesday, 25th June 2025 in respect of the financial year ended December 31, 2024.

6. That the Directors be and are hereby authorised to fix the remuneration and expenses of the External Auditors, Ernst & Young on the recommendation of the Audit Committee.

7. That the remuneration of the Managers of the Company, as disclosed on Page 232 of the Audited Financial Statements for the 2024 financial year be and is hereby disclosed

8. That Mrs. Adebisi Bakare, Mr. Henry Akwara, and Mr. Dayo Afelomo be and are hereby elected as the representatives of the Shareholders on the Statutory Audit Committee of the Company for the 2025 financial year. While Ms. Abiola Bada and Mr. Dan Shuaib were the Board representatives for the Audit Committee for the 2025 Financial year.

9. That the Non-Executive Directors' remuneration for the financial year ending December 31, 2025, and for succeeding years until reviewed by the Company in its Annual General, be and is hereby fixed at N750,000 (Seven Hundred and Fifty Thousand Naira Only) for Chairman and N500,000 (Five Hundred Thousand Naira Only) for Non-Executive Directors.

Thank you.

For: AXA MANSARD INSURANCE PLC

Company Secretary