Board meeting outcome

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P. O. Box 70986, Victoria Island, Lagos.

Tel: 09054744444, MUTUAL CARE: 09054644444

E-mail: info@mutuang.com Website: https://www.mutualng.com

Lagos, Nigeria, 6nd March 2026

MUTUAL BENEFITS ASSURANCE PLC - APPROVAL OF AUDITED CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

This is to notify Nigerian Exchange Limited (NGX or The Exchange), shareholders and the investing public that the Board of Mutual Benefits Assurance Plc (the Company) met on 27th February 2026 and approved the Group Audited Separate and Consolidated Financial Statements for the year ended 31 December 2025 and payment of a dividend, subject to the approval of the National Insurance Commission.

The Exchange and the investing public would be notified upon approval of the Group Audited Separate and Consolidated Financial Statements of the year ended 31 December 2025 by the National Insurance Commission.

The Closed Period declared from 1st January 2026 will remain in place until twenty-four (24) hours after the release of the Group Audited Consolidated and Separate Financial Statements to The Exchange and, by extension, the investing public.

Accordingly, no insider of the Company or their connected persons may, directly or indirectly, deal in the Company's shares during the Closed Period.

Thank you.

Mutual Benefits Assurance Plc has a dedicated investors' portal on its corporate website, accessible via this link: https://www.mutualng.com/plc/about-investor. The Company's Investor Relations officer can be reached through electronic mail at investor.relations@mutualng.com or by telephone on +2349054644444 for any investment-related enquiry.

2015 Overall Highest Award (The PEARL of the Capital Market)

(Courtesy: PEARL Awards Nigeria)

Africa's Most Innovative Insurance Company Award, 2015

(Courtesy: African Reinsurance Corporation)

Chairman: Dr. Akin A. Ogunbiyi

Non-Executive Directors: Adesoye Olatunji, Boye Oyewumi, Abidemi Sonoiki, Lateef Bakare, Wunmi Eniola-Jegede, Lamis Sheu Dikko, Asia El-Rufai Managing Director/CEO: Femi Asenuga, Executive Director: Biyi Ashiru-Mobolaji, Joseph Oladokun

AUTHORISED AND REGULATED BY NATIONAL INSURANCE COMMISSION. RIC-027(G)