THE NIGERIAN STOCK EXCHANGE FACTBOOK 2008

Published Under the Authority

of the Council of:

THE NIGERIAN STOCK EXCHANGE

STOCK EXCHANGE HOUSE

2/4 Customs Street,

P.O. Box 2457, Lagos

Telephone: 234-01-2660287, 2660305, 2660335, 2669978, 2661293

Telex 23567 STEX.NG

Fax: 234-01-2668281, 2668724

E-mail: nse@nigerianstockexchange.biz

Website:www.nigerianstockexchange.com

BRANCHES:

Abuja (Area Office)

Kaduna

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Ibadan

Yola

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Uyo

EDITORIAL BOARD

Prof. Ndi Okereke-Onyiuke, PhD, OON (Chairman)

Mr. Kene Okafor (Editor)

Mr. Farooq Oreagba (Editor)

Mr. Arize Nwobu (Deputy Editor)

Copyright:

The Nigerian Stock Exchange

ISBN 978 0262 - 1 - 6

Design/Typesetting by: Management Information Technology Department of The Nigerian Stock Exchange, 2/4 Customs Street, Lagos.

Produced by:

Pathway Communications Ltd.,

5/6, Adekunle Odunlami Crescent,

Next to AfriBank Estate,

Ilupeju - Lagos.

Nigeria.

Tel: 01-7911733

FACTBOOK 2008

SMART PRODUCTS NIGERIA PLC

1. Head Office: 373, Agege Motor Road, Chellenge, Mushin P. O. Box 156, Ikeja, Lagos. Tel: 234-01-522535, 520390, Fax: 234-01-522585 2. Nature of Business: Processing of Palm Kernel Oil (Since 2004) 3. Date of Incorporation: 11th January, 1966 4. Date Listed on The Exchange: 26th July, 1992 5. NSE Classification: Emerging Markets/SSM 6. Board of Directors: Sir (Chief) S. O. Oguntimehin, OON (Chairman) A. A. Aderonmu Dr. M. O. Ajaja A. O. Laoye 7. Company Secretary: Genasec Nominees Limited, Kresta Laurel Complex (4th Floor), 376, Ikorodu Road, Maryland, Lagos. 8. Auditors: Oyelami Soetan Adeleke & Co., (Chartered Accountants) Kresta Laurel Complex, (4th Floor), 376, Ikorodu Road, Maryland, Lagos.

9. Company Registrars: City Securities (Registrars) Limited Primrose Tower, 17A, Tinubu Street, Lagos. 10. Subsidiaries/Associates: None. 11. End of Accounting Year 31st December 12. Number of Employees 6 13. Capital Structure i. Authorised: N25 ,000,000.00 ii. Paid-Up N 18,000,000.00 14. Analysis of Shareholding Foreign (Non-Resident) - 20% Nigerians - 80%

FIVE-YEAR FINANCIAL SUMMARY CAPITAL EMPLOYED 2007 2006 2005 2004 2003 N‘000 N‘000 N‘000 N‘000 N‘000 Turnover and other income 12,546 10,556 26,235 98,896 87,777 ====== ====== ====== ====== ====== Profit before taxation 4,760 3,489 (6,567) 726 488 Taxation (894) (1,129) (35) (421) (251) -------- -------- -------- -------- -------- Profit after taxation 3,866 2,360 (6,602) 305 237 ====== ====== ====== ====== ====== BALANCE SHEET: Fixed Assets 72,519 73,767 74,084 80,773 84,344 Investments 3,727 - - - - Current Assets 699 2,770 429 6,205 802 ——— ——— ——— ——— ——— 76,945 76,537 74,513 86,978 85,146 Creditors: (28,167) (9,757) (10,936) (25,173) (23,646) ——— ——— ——— ——— ——— Total Net Assets 48,778 66,780 63,577 61,805 61,500 ====== ====== ====== ====== ====== Share capital 18,000 18,000 16,467 16,467 16,467 Deposit for shares - - 2,758 2,758 2,758 Capital reserve 74,847 74,847 74,847 74,847 74,847 Share premium 5,852 5,852 4,626 4,626 4,626 Deferred revenue 6,887 9,216 8,374 - - General Reserve (56,808) (41,135) (43,495) (36,893) (37,198) --------- --------- -------- --------- -------- Shareholder’s funds 48,778 66,780 63,577 61,805 61,500 ====== ====== ====== ====== ====== Earnings per share (in kobo) 10.74 5.55 (18.34) 0.85 0.66 Net asset per share (in kobo) 135.49 185.50 176.60 171.68 170.83 ==== ==== ==== ==== ==== NOTE: Earnings and net assets per share are based on the number of issued ordinary shares at 31 December, 2006.

Important Note:

While every effort is made to ensure accuracy, no responsibility is accepted for any error, which may occur in this book.

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