Royal Exchange PlcNSENG: ROYALEX

Notice of appointment of md

· Issued by Royal Exchange Plc

Lagos, Nigeria, Monday, May 12, 2025

NOTIFICATION OF APPOINTMENT OF OF IDU C. OKWUOSA-OKEAHIALAM AS THE MANAGING DIRECTOR OF ROYAL EXCHANGE PLC

Royal Exchange Plc (Royal Exchange or the Company) wishes to inform Nigerian Exchange Limited, its shareholders and the investing public that the Board of Royal Exchange Plc has appointed Ms Idu C. Okwuosa-Okeahialam as the Managing Director of the Company effective Wednesday, May 21, 2025.

The Company is confident that Ms Okwuosa-Okeahialam has the requisite skills and experience to make a meaningful contribution to the Board of the Company and to support the Company's continued growth and success. Royal Exchange further confirms that the appointee has successfully undergone the necessary process prior to her appointment.

PROFILE OF MS IDU C. OKWUOSA-OKEAHIALAM

Ms Okwuosa-Okeahialam is a finance professional with over 15 years' core experience spanning across various industries including oil & gas; banking; and financial services. She is experienced in Funds Management, Compliance and Risk Administration, Sales, Client Relationship Management and Customer Experience. She is expected to provide strategic leadership while exploring new opportunities for the business.

FOR: ROYAL EXCHANGE PLC


OOT NOMINEES LIMITED FRC/2022/COY/160581 COMPANY SECRETARY ROYAL EXCHANGE PLC RC: 6752 New Africa House T.+234 915 221 3054 and +234 915 221 3058

31 Marina E.info@royalexchangeplc.com

P.O. Box 112, Lagos W. https://www.royalexchangeplc.com

Directors: Mr. Kenneth Ezenwani Odogwu (Chairman), Chief (Dr.) Anthony Ikemefuna Idigbe (SAN), Alhaji Ahmed Rufa'i Mohammed, Mr. Adeyinka Adekunle Ojora, Mr. Hewefl Benson