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

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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.,

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Next to AfriBank Estate,

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Nigeria.

Tel: 01-7911733

FACTBOOK 2008

STACO INSURANCE PLC

1. Head Office: 209, Herbert Macaulay Street, Ebute-Metta, Lagos. Tel: 234-01-7740571, 7741181, 2952696-7, 4758852-3. Fax: 234-01-3425466. E-mail: info@stacoplc.com Website: www.stacoplc.com 2. Nature of Business: Non-Life Insurance Business 3. Date of Incorporation: July 1994 following the restructuring of Alpha Insurance Limited 4. Date Listed on The Exchange: June 21, 2007 5. NSE Classification: Insurance 6. Board of Directors: Mr. Oritsedere Otubu, (Chairman) Mr. S. O. Oyefeso, (MD/CEO) Mr. Pius Olarewaju Mr. I. G. Ogan Mr. Emmanuel Chiejina Mr. L. O. Ojakovo Mr. Babatunde Okoturo Mr. Collins Chikeluba 7. Company Secretary: Ms. R. O. Soile 209, Herbert Macaulay Ebute-Metta, Lagos.

8. Auditors: Messrs Abayomi Dosunmu & Co., (Chartered Accountants) 3rd Floor, Alex Creppy House, 30, King George V Road Onikan, Lagos. 9. Company Registrars: Zenith Registrars Limited 1, Ade Odedina Street, Victoria Island, Lagos. 10. End of Accounting Year 31st December 11. Number of Employees 231 12.Capital Structure i. Authorised: N2,500,000,000.00 ii. Paid-Up N2,414,738,983.00 13. Structure of Shareholding Seaforce Investment Limited - 11.04% Mr. S. O. Oyefeso - 7.56% Mr. O. O. Otubu - 5.79% Other Nigerian Citizens and Asso. - 75.61%

FIVE-YEAR FINANCIAL SUMMARY ASSETS EMPLOYED 2007 2006 2005 2004 2003 N’000 N’000 N’000 N’000 N’000 Fixed assets 778,382 610,988 548,065 218,748 63,820 Statutory deposit 300,000 40,000 40,000 20,000 20,000 Current assets 3,297,520 2,672,071 357,855 247,031 130,229 ------------ ------------ ------------ ----------- ----------- 4,375,902 3,323,060 945,920 485,779 214,049 ====== ====== ====== ====== ====== FINANCED BY Share capital 2,414,739 2,144,739 607,550 300,000 99,000 Share premium 693,455 668,594 - - - Contingency reserve 413,942 240,306 130,925 58,916 42,391 Retained earnings 853,767 269,420 74,156 26,862 33,578 Reserved for bonus issue - - 200,000 100,000 39,600 ------------ ------------ ------------ ----------- ----------- 4,375,902 3,323,060 945,920 485,779 214,568 ====== ====== ====== ====== ====== TURNOVER AND PROFITS Turnover 2,814,784 1,684,208 899,039 621,161 417,274 Profit before tax 868,177 546,905 278,658 142,348 78,931 Profit after tax 757,982 491,462 243,192 124,410 74,242 ====== ====== ====== ====== ====== Earnings per share 0.16k 0.12k 0.41k 0.21k 0.37k ====== ====== ====== ====== ====== Dividend per share - 0.03k - 0.025k 0.05k NOTE: Earnings per share are based on the issued share capital of 4,829,477,966 ordinary shares of N0.50k each as at 31st December, 2007 and are calculated based on profit after taxation.

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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