Coronation Insurance Plc agm resolutions

PLACE OF ISSUE: LAGOS, NIGERIA

At the 68th Annual General Meeting (AGM) of Coronation Insurance Plc held virtually at 10.00a.m on Thursday September 24, 2026, the following resolutions were considered and passed by the Shareholders:

1. That the Audited Financial Statements of Coronation Insurance Plc for the year ended December 31, 2025, together with the Reports of the Directors, Auditors, Board Evaluation Consultants and Audit Committee thereon which was laid before the Shareholders be and is hereby received.

2. That Mr. Olusegun Ogbonnewo retiring by rotation and being eligible and offering himself for re-election, be and is hereby re-elected as a Non-Executive Director of the Company pursuant to Section 282 of the Companies and Allied Matters Act 2020.

3. That Mrs. Titilayo Osuntoki retiring by rotation and being eligible and offering herself for re-election be and is hereby re-elected as an Independent Non-Executive Director of the Company.

4. That the External Auditors, Ernst & Young, being eligible for re-appointment be and are hereby re-appointed to hold office as the External Auditors of Coronation Insurance Plc from the conclusion of this Meeting until the conclusion of the next Annual General Meeting.

5. That the Directors be and are hereby authorized to fix the remuneration of the Auditors for the year ending December 31, 2026.

6. That the remuneration of Managers of the Company as disclosed in the Annual Report and Accounts be and is hereby noted.

7. That the elected and approved members of the Statutory Audit Committee be as follows: Shareholders' Representatives

   • Mr. Chinwendu Achara

   • Mrs. Mary Joke Shofolahan

   • Mr. Adeniyi Adebisi Board Nominees

   • Mrs. Stella Ojekwe-Onyejeli

   • Mrs. Titilayo Osuntoki

     SPECIAL BUSINESS

8. That the Company and its related entities be and are hereby granted a General Mandate in respect of all recurrent transactions entered with a related party or interested person, provided such transactions are of a revenue or trading nature or are necessary for the Company's day-to-day operations, with effect from the date on which this resolution is passed until the date on which the next Annual General Meeting of the Company is held.

9. That the Directors be and are hereby authorized to appoint an independent consultant to conduct the Annual Board Performance Appraisal for the Financial Year ending December 31, 2026.

ISSUE: SEPTEMBER 24, 2026