Notice of appointment of a new chairman

Lagos, Nigeria, January 26, 2026

Royal Exchange Plc (the "Company") wishes to inform Nigerian Exchange Limited, its shareholders and the investing public that the Board at its meeting held on January 22, 2026 approved the appointment of Mr Ikeme Osakwe as the Chairman of the Board, with effect from January 22, 2026.

Mr Osakwe succeeds Mr Kenny Ezenweani Odogwu, who resigned as Chairman of the Company. The Board expresses its appreciation to Mr Odogwu for his contributions during his tenure.

Mr Osakwe is a seasoned public and private sector financial management specialist with extensive experience in corporate governance and public finance. He holds bachelor's and master's degrees from the University of Oxford and is an Associate Member of the Institute of Chartered Accountants in England and Wales and a Fellow of the Institute of Chartered Accountants of Nigeria.

He currently serves on the Boards of Oando Plc and other organisations and previously served on the Governing Board of the Federal Inland Revenue Service, where he chaired the Board Committee on Revenue and Finance, and the Board is confident that he will provide strong leadership in advancing the Company's strategic objectives and corporate governance standards.

The general public should please take note.