Resolutions passed at the 33rd agm

At the 33rd Annual General Meeting (AGM) of Cornerstone Insurance Plc (the 'Company') held at Shell Hall, MUSON Centre, Onikan, Lagos on Tuesday, 29th July, 2025, at 2:00 pm, the following resolutions were duly passed:

1. That the Audited Financial Statements for the year ended 31st December 2024, together with the reports of the Directors, Auditors and Audit Committee, be received.

2. That pursuant to Section 238, a total dividend of ₦4,904,926,035.75(Four Billion, Nine Hundred and Twenty Six Million, Nine Hundred and Twenty Six Thousand, Thirty Five Naira and Seventy Five Kobo only) that is twenty seven (27) kobo per ordinary share of fifty (50) kobo each declared, be distributed to members of the Company as dividend.

3. That pursuant to Section 285 (1) of the Companies and Allied Matters Act (CAMA) 2020, the re-election of the retiring Directors- Mr. Stephen Alangbo, Prof. Ogechi Adeola, and Mr. Peter Ekwueme, are hereby approved.

4. That pursuant to the completion of the tenure of the KPMG Professional Services as the External Auditors of the Company, Messrs Deloitte, who have indicated their willingness to act as the Company's External Auditors be and are hereby approved as the Company's External Auditor in accordance with Section 401 (5) of CAMA 2020.

5. That pursuant to Section 408 of CAMA 2020, the Directors be and are hereby authorised to fix the remuneration of the Company's External Auditor, Messrs Deloitte, for the financial year ending 31st December 2025.

6. That pursuant to Section 404 (3) of CAMA 2020, the persons below were elected as representatives of the shareholders on the Statutory Audit Committee:

   1. Henry Olayemi;

   2. Mr. Chibuzor Eke;

   3. Mr. Emelius Oyetunde Olaitan

      The Board representatives on the Statutory Audit Committee are:

   4. Mrs. Elizabeth Amadiume; and

   5. Mrs. Christabel Onyejekwe

7. That the remuneration of the Non- Executive Directors be and is hereby approved.

8. That pursuant to the rules of the Nigerian Exchange Limited governing transactions with related parties or interested persons, the Company is authorised to procure goods and services necessary for its operations from related third parties.