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

PARAMOUNT EQUITY FUND

1. Head office:

NECOM House, (20th Floor),

15, Marina, P. O. Box 4454, Lagos.

Tel: 234-01-2644641, 2664445, 4621112, 4622245; Fax: 234-01-2661763;

E-Mail: info@denham-management.com.

Website: www.denham-management.com.

2. Nature of Fund:

Open-Ended.

3. Date of First Allotment:

8th April, 1991

4. Date Listed on The Exchange:

1991

5. NSE Classification:

Memorandum Quotation

6. Fund Manager:

Denham Management Limited.

7. Directors of The Fund:

Mr. A. O. Edun (Chairman)

Dr. E. Adekunle Ifaturofi

Mrs. Kemi Adeosun (MD/CEO)

Prof. Henry L. Gates Jnr.

Mr. Osaze Osifo

8. Company Secretary:

Kemi Awodein

9. Auditors:

Akintola Williams Deloitte

(Chartered Accountants)

235, Ikorodu Road, Ilupeju

P. O. Box 965, Marina, Lagos.

Tel: 234-01-2717800, 4930720-4

Fax: 234-01-4970023

Website: www.deloitte.com

10.Fund Registrars:

Sterling Registrars Limited

11.Trustees To The Fund:

Denham Management Limited

12. End of Accounting Year

31st December

13.Proposed Portfolio Structure

n.a

14. Current Portfolio Structure:

Equity Investments - 85%

Money Market Investments - 14%

Others (In-House Fund) - 1%

15. Capital Structure (2005):

Authorized: N21,000,000.00

Paid-Up: N20,919,588.00

No. of Units Issued: 20,127,135

FOUR-YEAR FINANCIAL SUMMARY

ASSETS

EMPLOYED 2005 2004 2003 2002 2001

N“000 N“000 N“000 N“000 N“000

Investments 166,153 105,973 102,143 58,114 57,686

Debtors 2,571 6,337 6,230 4,413 5,240

Cash at bank 2,273 2,782 2,118 2,980 1,501

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

170,997 115,092 110,491 65,508 64,427

LIABILITIES

Sundry creditors 5,284 8,910 5,939 3,383 2,371

Taxation 6,265 6,265 6,265 6,265 6,265

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

Net assets 159,448 99,917 98,287 55,860 55,791

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

FINCED BY:

Trust fund 20,920 17,672 18,750 19,335 19,603

Retained earning reserve 6,875 5,549 855 176 306

Revaluation reserve 131,654 76,696 78,682 36,349 35,883

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

Net assets 159,448 99,917 98,287 55,860 55,791

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

PROFIT AND LOSS ACCOUNT

Excess of income over expenditure

before taxation 1,768 7,359 3,044 303 583

Taxation (442) (361) (453) (432) (266)

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

Excess of income

over expenditure after taxation 1,326 6,998 2,591 (130) 317

Proposed dividend - (2,304) (1,912) - -

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

Retained/excess for the year 1,326 4,693 679 (130) 317

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

Earnings per unit (kobo) 7 36 1.4 (0.7) 2

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

Dividend per unit (kobo) - 12 10 - -

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

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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