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

THE IBTC ETHICAL FUND

1. Head office:

IBTC Asset Management Limited

I.B.T.C. Place

Walter Carrington Crescent

Victoria Island, Lagos.

Tel: 234-01-2626520, 2712400

Fax: 234-01-2626541/2, 2626555

E-mail: assetmanagement@IBTC.com

Website: www.IBTC.com

2. Nature of Fund:

Open-Ended Fund excluding Companies in the Breweries and Tobacco Sectors; Companies Producing Arms, Ammunition, etc; Producing and dealing in Narcotic Drugs and psychotropic Substances; Gambling; and any activities that are potentially harmful to Civil Society.

3. Date of First Allotment:

8th December, 2005

4. Date Listed on The Exchange:

20th January, 2006

5. NSE Classification:

Memorandum Quotation

6. Fund Manager:

IBTC Asset Management Limited

I.B.T.C. Place

Walter Carrington Crescent

Victoria Island, Lagos.

Tel: 234-01-2626520, 2712400

Fax: 234-01-2626541/2, 2626555

E-mail: assetmanagement@ibtc.com

Website: www.IBTC.com

7. Directors of The Manager:

Atedo Nari Atowari Peterside, OON

Olusola Adejoke David-Borha

Angela Olabisi Omo-Dare

Olayinka Omotosho Sanni

Opunimi Orikaba Akinkugbe

Akeem Shina Oyewale

8. Company Secretary:

Angela Omo-Dare

IBTC Asset Management Limited

9. Auditors:

PricewaterhouseCoopers

(Chartered Accountants)

Plot 252E, Muri Okunola Street,

Off Ajose Adeogun Street,

Victoria Island, Lagos.

10.Fund Registrars:

First Registrars Nigeria Limited,

Plot 2, Abebe Village Road,

Iganmu Complex, Lagos.

11.Trustees To The Fund:

PHB Capital & TrustLimited,

163/165, Broad Street

Opposite Elephant cement House

Lagos.

12. End of Accounting Year

31st December

13.Unitholders’ Fund (2006):

i. Issued: N1,942,984,000.00

ii. Number of Units Issued: 1,543,508,000

14. Proposed Portfolio Structure:

Equity Market Investments 75%

Money Market Investments 25%

15. Actual Portfolio Structure (2006):

Equity Market Investments 94.29%

Money Market Investments 5.71%

16. Unitholders’ Classification (2006):

Corporate - 24.32%

Joint - 3.85%

Individual - 71.83%

TWO-YEAR FINANCIAL SUMMARY

STATEMENT OF

TOTAL RETURN 2007 2006

N“000 N“000

Net Gain on Trading Activities Income 1,541,944 610,295

Dividend Income 75,803 28,154

Interest Income 61,193 11,030

Operating Expenses (376,523) (236,929)

------------ ------------

Net Income Before Taxation 1,302,417 412,550

Taxation (7,424) (2,815)

------------ ----------

Net Income After Taxation 1,294,993 409,735

======== ======

Net Income per Unit (Naira) 0.39 0.42

======== ======

Proposed Distribution 279,718 (108,046)

------------ ------------

Proposed Distribution 0.085 0.070

====== ======

BALANCE SHEET:

2007 2006

N“000 N“000

Bank Balance 50,983 296,744

Trading Securities 5,884,338 1,651,036

Receivables 5,653 2,560

Money Market Investment 250,000 100,000

Deposit for Shares 171,255 30,000

------------ -------------

Total Assets 6,362,229 2,080,340

Payables (122031) (29311)

------------ -------------

Net Assets 6,240,198 2,051,029

======= =======

REPRESENTED BY:

Unitholders’ Equity 4,657,445 1,641,294

Retained Earnings 1.303,035 301,689

proposed Distribution 279,718 108,046

------------ -------------

Unitholers’ funds 6,240,198 2,051,029

======= =======

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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