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

UNION HOMES SAVINGS AND LOANS PLC

1. Head Office: Royal House, 153, Ikorodu Road, Onipanu, Lagos. P. M. B. 041, Shomolu, Lagos Tel: 234-01-5820799. 2. Nature of Business: Mortgage Banking 3. Date of Incorporation: 8th April, 1994 4. Date Listed on The Exchange: 24th April, 2006 5. NSE Classification: Mortgage Companies 6. Board of Directors: Mr. B. B. Ebong (Chairman) Mr. E. A. Aikhorin (MD/CEO) Mr. S. O. Thomas Mr. I. B. Dogo Mr. T. O. I. Akinola Mr. Efiom Kofon Dr. Umar Faruk 7. Company Secretary: A. A. Daniel, Esq., 153, Ikorodu Road, Onipanu, Lagos. 8. Auditors: Oyelami Soetan Adeleke & Co. (Chartered Accountants) Kresta Laurel Complex 376, Ikorodu Road, Maryland, Lagos.

9. Company Registrars: Union Registrars Limited 2, Buma Road, Apapa, Lagos. 10. Subsidiaries/Associates: HFC Bank (Ghana) Limited Union Assurance Limited, UBN Property Company Limited Saffer-Union (W.A) Limited 11. End of Accounting Year 31st March 12. Number of Employees 638 13.Capital Structure i. Authorised: N5,000,000,000.00 ii. Paid-Up N2,500,000,000.00 14. Analysis of Shareholding Union Bank of Nigeria Plc. - 30.6% Union Trustees Limited - 15.3% Williams Street Trustees Limited - 15.3% Others (Public & Staff) - 38.8%

FIVE-YEAR FINANCIAL SUMMARY ASSETS EMPLOYED 2007 2006 2005 2004 2003 N‘000 N‘000 N‘000 N‘0 N‘000 Cash and short-term funds 185,076 183,576 34,286,019 27,695,856 21,776,782 Due from other banks & other financial institutions 33,061,047 28,544,685 - - - Investments 13,130,494 9,326,192 5,552,323 2,264,226 1,215,097 Federal Government securities 7,886,546 6,500,000 2,000,000 2,000,000 - Mortgage loans and advances 11,700,791 11,460,022 9,741,789 6,740,810 3,929,563 Other assets 1,734,459 3,659,789 966,053 979,884 948,114 Fixed assets 1,831,449 2,164,229 2,230,290 1,752,147 1,165,456 --------------- ------------ ------------ ------------ ----------- 69,529,862 61,838,493 54,776,474 41,432,923 29,035,012 ======== ======= ======= ======= ====== LIABILITIES: Deposits 47,788,349 53,105,669 48,574,556 37,074,506 23,826,976 Due to other banks 9,000,000 3,000,000 - - - Tax payable 100,479 36,240 53,400 94,851 174,992 Deferred taxation 271,479 36,240 53,229 231,960 144,992 Dividend - - - - 540,000 Other liabilities 3,421,041 2,416,687 2,875,814 1,623,271 2,355,269 --------------- ------------ ------------ ------------ ----------- 60,581,842 58,859,192 51,798,999 39,024,588 27,042,229 ======== ======= ======= ======= ====== CAPITAL AND RESERVES: Called-up share capital 2,500,000 1,000,000 1,000,000 1,000,000 900,000 Share premium 3,661,391 97,364 150,000 150,000 150,000 Bonus issue reserve - - - - 100,000 Statutory reserve 813,516 613,385 590,042 519,799 426,614 General reserve 1,584,099 783,574 690,203 409,227 36,487 --------------- ------------ ------------ ------------ ----------- Shareholders’ fund 8,559,006 2,494,323 2,430,245 2,079,026 1,613,101 National Housing fund 389,014 484,978 547,230 329,309 379,682 --------------- ------------ ------------ ------------ ----------- 8,948,020 2,979,301 2,977,475 2,408,335 1,992,783 --------------- ------------ ------------ ------------ ----------- 69,529,862 61,838,493 54,776,474 41,432,923 29,035,012 ======== ======= ======= ======= ====== Gross earnings 8,396,222 9,596,101 10,022,612 7,137,314 6,774,592 Profit before taxation 1,061,397 154,022 454,099 594,802 1,006,601 Current tax 89,364 31,941 39,611 41,909 125,674 Deferred tax (28,623) 5,367 63,269 86,968 64,744 Profit after tax 1,000,656 116,714 351,219 465,925 816,183 Dividend - - - - 540,000 ======== ======= ======= ======= ====== PER 50 KOBO SHARE DATA (ADJUSTED): Earnings (N) 0.10 0.02 0.07 0.09 0.16 Dividend (N) - - - - 0.11 Dividend cover (times) - - - - 1.45 Net assets (N) 1.71 0.50 0.49 0.42 0.32 Total assets (N) 13.91 12.37 10.96 8.29 5.81 ======== ======= ======= ======= ====== NOTE: Per share data are based on the number of issued ordinary shares at 31st March, 2007.

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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