International Energy Insurance plc-egm resolutions

9th floor, FF Millennium Tower, 13/14 Ligali Ayorinde Street, Victoria Island, Lagos, Nigeria. Phone: 02012806990-1

31, Adamu Ciroma Crescent, Jabi, Abuja.

10, Evo Road off Olu-Obasanjo way, G.R.A Phase II,

At an Extraordinary General Meeting of International Energy Insurance Plc (the "Company") duly convened and held virtually on 31st December, 2025 the following resolutions were proposed and duly passed:

1. That the deposit for shares in the sum of N2,000,000,000 (Two Billion, Naira) made by Norrenberger Advisory Partners Limited ("NAPL") be converted to equity in favour of NAPL by the creation of 1,250,000,000 (One Billion, Two Hundred and Fifty Million Shares) ordinary shares of N0.50K each at the price of N1.60k per share; ranking pari passu in all respects with the existing ordinary shares in the Company's capital.

2. That the Company be and is hereby authorised to raise an additional capital of up to N17,500,000.00 (Seventeen Billion, Five Hundred Million Naira) or such other amount as the Board of Directors ("Board") may determine, by way of Private Placement, Rights Issue, Public Offer, Strategic Investor Participation, or a combination thereof, in such tranches, series, amounts, pricing, or proportions, and on such terms and conditions, and on such dates as the Board may determine, subject to obtaining all relevant regulatory approvals.

3. That the Share Capital of the Company be and is hereby increased to such amount as may be required to accommodate the new shares to be issued pursuant to the capital raise, ranking pari passu in all respects with the existing ordinary shares of the Company and that the new shares thus created be allotted pursuant to the capital raise and registered with the Securities and Exchange Commission, the Corporate Affairs Commission, the Nigerian Exchange limited and any other regulatory authority.

   reflect the Company's new share capital and any applicable amendment in line with the

   Companies and Allied Matters Act, 2020.

   1. That the Board be and are hereby authorized to take all steps and do all acts that the Board may deem necessary or reasonably desirable to implement the Resolutions above (including but not limited to):

      1. Executing and filing applicable forms, disclosure requirements, documents or applications with the regulatory authorities;

      2. Engaging and hiring such advisers, professionals and parties that it may deem necessary, upon such terms and conditions that it may deem appropriate regarding the implementation of the aforementioned resolutions; and

      3. Complying with the directives of any regulatory authority and do all such other things as may be necessary for or incidental to, or as they deem appropriate to give effect to the spirit and intent of the above resolutions.

   Board Chairman: Alh. Bukar Goni Aji OON, CFR Ag. Managing Director: Joyce M. Odiachi Ph.D. Board Members: Tony Edeh, Mohammed Mijindadi, Chamberlain S. Peterside Ph.D, Adeyinka Hassan Ph.D, Oluwateniola Eleoramo

   International Energy Insurance Plc is authorized, licensed and regulated by the National Insurance Commission (NAICOM) RIC 020

   
   
   

4. That the Memorandum and Articles of Association of the Company be amended accordingly to

6. That all acts carried out by the Board and/or Management of the Company in connection with the above resolutions be and are hereby approved and ratified.

Dated this 31st day of December 2025

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