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

Port Harcourt

Kano

Onitsha

Ibadan

Yola

Benin

Ilorin

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

CONTINENTAL REINSURANCE COMPANY PLC

1. Head Office: St. Nicholas House (8th Floor) 6, Catholic Mission Street, P. O. Box 2401, Lagos. Phone: 234-01-2665350, 2665354, 2665368 Fax: 234-01-2665370. E-mail: info@continental-re.com Website: www.continental-re.com 2. Nature of Business: All classes of Reinsurance Businesses in Africa. 3. Date of Incorporation: Incorporated as a Private Limited Liability Company on July 24, 1985 and Converted to a Public Limited Company on 27th March, 2000. 4. Date Listed on The Exchange: 12th June, 2007 5. NSE Classification: Insurance 6. Board of Directors: Engr. S. A. Laguda (Chairman) Mr. Denis Chemillier-Gendreau (Vice-Chairman) Adeyemo Adejumo (MD/CEO) Mr/ R. O. Falekulo (DMD) Mr. Vincent Le Guennou Mr. Hurley Herman Doddy Ms. Kudzayi Hove Mrs. Nana Appiah-Korang Mr. Monin C. Adam 7. Company Secretary: DTT Services Limited

8. Auditors: Akintola Williams Deloitte (Chartered Accountants) 9. Company Registrars: Sterling Registrars Limited 10. Subsidiaries/Associates C-RE Holding Limited Salag Limited NICON Insurance Corporation 11. End of Accounting Year 31st December 12. Number of Employees 32 13.Capital Structure i. Authorised: N7,500,000,000.00 ii. Paid-Up N1,240,591,000.00 14. Analysis of Shareholding Foreign 70% Nigerian Citizens and Associations 30%

FIVE-YEAR FINANCIAL SUMMARY ASSETS EMPLOYED 2007 2006 2005 2004 2003 N‘000 N‘000 N‘000 N‘000 N‘000 Cash and bank balances 45,619 41,844 140,584 22,077 57,038 Short term investments 7,933,893 754,284 627,569 579,672 861,774 Reinsurance debtors 1,719,212 1,382,333 1,039,233 710,145 467,276 Prepayments & other debit balances 875,896 545,591 282,957 118,785 78,036 Long term investments 2,537,464 1,209,699 774,466 487,318 - Statutory deposits 1,000,000 35,000 35,000 35,000 22,500 Fixed assets 47,562 39,100 32,503 26,947 26,674 ------------ ------------ ------------ ------------ ----------- Total assets 14,159,646 4,230,964 2,932,312 1,979,944 1,513,298 ====== ====== ====== ====== ====== LIABILITIES Bank overdrafts - 77,958 14,694 53,155 7,096 Creditors and accruals 890,169 565,154 433,241 133,225 101,812 Deposit for shares - - - 1,534 174,890 Insurance funds 926,924 774,961 579,612 436,757 253,662 Outstanding claims 205,324 433,070 325,900 292,815 214,120 Taxation 293,210 156,671 120,667 37,787 44,245 Deferred taxation 8,168 8,168 8,168 5,548 3,409 Dividend 20,581 20,581 87,598 60,084 50,369 ------------ ------------ ------------ ------------ ----------- 2,344,375 2,006,560 1,569,880 1,020,906 849,603 ------------ ------------ ------------ ------------ ----------- CAPITAL AND RESERVES Share capital 5,186,372 1,240,591 856,907 658,341 403,667 Reserve for bonus issue - - 190,424 73,149 100,917 Share premium 3,870,959 76,956 - 5,845 - Revenue reserve 688,583 123,881 7,270 2,284 2,677 Investments revaluation reserve 1,162,502 215,993 - - - Exchange equalisation reserve 15,377 (10,661) - - - General reserve fund 373,929 178,448 84,019 26,247 8,936 Contingency reserve 415,127 296,775 223,812 193,173 147,498 Revaluation reserve 102,421 102,421 - - - ------------ ------------ ------------ ------------ ----------- Shareholders’ funds 11,815,271 2,224,404 1,362,432 959,038 663,695 ------------ ------------ ------------ ------------ ----------- Total liabilities & shareholders’ funds 14,159,646 4,230,964 2,932,312 1,979,944 1,513,298 ====== ====== ====== ====== ====== Non-life under- writing profit 332,339 95,899 319,759 40,302 115,720 Profit before tax 818,459 214,782 369,033 146,912 199,713 Taxation (141,773) (78,991) (114,900) (29,913) (40,562) Profit after tax 676,686 135,791 254,133 116,999 159,151 Contingency reserve (111,984) (19,180) (54,711) (58,141) (34,073) Proposed dividend - - (85,691) (59,251) (36,330) ------------ ------------ ------------ ------------ ----------- Profit transferred to revenue reserve 564,702 116,611 113,731 (393) 88,748 ====== ====== ====== ====== ====== Earnings per share (basic) (k) 7 5 30 18 39 Dividend per share (kobo) - - 10 9 9 Net assets per share (k) 114 81 159 146 164 NOTE: Earnings and dividend per share were computed on the profit and the dividend declared for each year on the number of issued and fully paid ordinary shares at the end of the year. Net assets per share were computed on the number of issued and fully paid ordinary shares at the end of the respective year.

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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