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.,

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Next to AfriBank Estate,

Ilupeju - Lagos.

Nigeria.

Tel: 01-7911733

FACTBOOK 2008

AFROIL PLC

1. Head Office: The Royal Building (4th Floor), Plot 11/11, Amuwo Odofin Industrial Layout, Mile 2, Lagos. Tel: 234-01-7229863, 08056612549 2. Nature of Business: Marketing of Petroleum Products. 3. Date Listed on The Exchange: 1990 4. NSE Classification: Petroleum (Marketing) 5. Board of Directors: Mr. Ishaq Olakunle O Sanni (Chairman/CEO) Mrs Rita Ifeyinwa Ejezie Chief Adesola Moshood Badmus Mr. Christopher Ehikhuemen Olumese Mrs. Victoria Mosunmola Ige Alhaji Tafida Kasimu Bakori Professor Emmanuel Eghosa Osaghae Engr. Gbolahan Abiodun Agoro 6. Company Secretary: Larry Services Limited 1, Agbolade Onasanya Close Off Cardoso St. Awodi-Ora - Apapa, Lagos .

7. Auditors: Odili Okechukwu & Co., 104, Western Avenue, (1st Floor) Ojuelegba, Surulere, Lagos 8. Company Registrars: Unity Registrars Limited, Unity Bank Building, (2nd Floor) Plot 1683, Sanusi Fafunwa Street Victoria Island, Lagos 9. End of Accounting Year 31st December. 10. Capital Structure i. Authorised: N65,000,000.00 ii. Paid-Up N25,097,495.00 11. Analysis of Shareholding Nigerian Citizens and Associations 100%

FIVE-YEAR FINANCIAL SUMMARY ASSET EMPLOYED 2007 2006 2005 2004 2003 N’000 N’000 N’000 N’000 N’000 Fixed assets 304,575 289,935 32,056 32,898 33,736 Net current assets 18,159 (33,257) 3,853 8,847 13,824 ------------- ------------- ------------- ------------- ------------ 322,734 256,678 35,909 41,743 47,560 ======= ======= ======= ======= ======= CAPITAL AND RESERVES Share capital 30,359 25,097 25,097 25,097 25,097 Share premium 114,227 10,811 10,811 10,811 10,811 Revenue reserve (29,461) (48,534) (35,392) (29,558) (23,741) Capital reserve 436 436 436 436 436 Revaluation surplus 207,173 268,868 34,957 34,957 34,957 ------------- ------------- - ------------ ------------- ------------ 322,734 256,678 35,909 41,743 47,560 ======= ======= ======= ======= ======= TURNOVER AND PROFITS Turnover 68,310 - - - - Profit/(Loss) before taxation (22,219) (10,325) (5,620) (5,585) (5,106) Profit/(Loss) after taxation (23,918) (10,325) (5,620) (5,585) (5,106) Per Share Data (Kobo) Earning/(Loss) (15.76) (8.23) (4.48) (4.45) (4.07) Net assets 212.60 204.54 28.62 33.27 37.90 NOTE: Earnings and net assets per share are based on the number of ordinary shares in issue as at December 31, 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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