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

INVESTMENT & ALLIED ASSURANCE PLC

1. Head Office: Plot 248B Muri Okunola Street, Victoria Island, Lagos. Tel: 234-01-2714028-9, 7409856, 740957 Fax: 234-01-2714028. 2. Nature of Business: Insurance 3. Date of Incorporation: Nil 4. Date Listed on The Exchange: 9th May, 2008 5. NSE Classification: Insurance 6. Board of Directors: Mr. Abayomi Disu, (Chairman) Mr. Funmi Adenmosun, (Vice-Chairman) Mr. Olusegun Akinyemi, (MD/CEO) Mr. Tony Ubogu Mr. Akin Oladeji Mr. ukunola Imasekha Mr. Martin Bhambhani Mr. Tony Ndah Mr. Remi Olaofe Mr. Basil Chudi Nkazi 7. Company Secretary/Legal Adviser: Nneka Agwumaro E.

8. Auditors: Odutayo Odunuga & Co., (Chartered Accountants) 9. Company Registrars: Nil 10. End of Accounting Year 30th September 11. Capital Structure i. Authorised: N3,000,000,000.00 ii. Paid-Up N2,895,238,000.00 12. No. of Employees Nil 13. Analysis of Shareholding Nil

FIVE-YEAR FINANCIAL SUMMARY RESOURCES EMPLOYED 9 Months 12 Months 12 Months 12 Months 12 Months 2007 2006 2005 2004 2003 N‘000 N‘000 N‘000 N‘000 N‘000 Statutory Deposit 3,000,000 20,150 20,150 20,150 35,000 Short-term investments 3,536,722 2,832,132 125,500 103,114 10,909 Net current asset 242,266 201,924 100,578 84,118 40,029 Fixed assets 36,083 41,621 46,116 34,245 37,918 ------------ ------------ ---------- ---------- ----------- 4,115,071 3,094,828 292,345 241,627 123,856 Insurance fund 61,920 (24,690) (15,149) (32,419) (21,993) ------------ ------------ ---------- ---------- ----------- 4,176,991 3,119,518 277,196 209,208 10,862 ======= ======= ======= ======= ====== FINANCED BY Share capital 2,895,238 2,895,238 200,000 200,000 85,521 Deposit for shares 910,042 - 47,521 521 - Share premium 134,762 134,762 - - - Revenue reserve 176,904 59,439 13,208 (1,847) 7,506 Contingency reserve 59,446 30,079 16,467 10,535 8,835 ------------ ------------ ---------- ---------- ----------- 4,176,991 3,119,518 277,196 209,208 10,862 ======= ======= ======= ======= ====== INSURANCE BUSINESS RESULT Gross written premium 194,771 69,890 40,201 87,287 82,979 Net written premium 91,201 68,230 35,471 67,849 63,318 Profit and loss before taxation 167,246 54,451 23,729 (8,259) 4,603 Profit and loss after tax 146,831 41,025 20,261 (9,354) 3,684 Investment income 272,854 87,276 36,671 3,730 7,871 Management expenses 130,954 65,987 42,217 37,816 35,376 ======= ======= ======= ======= ======

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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