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

MOBIL OIL NIGERIA PLC

1. Head Office:

Mobil House

Lekki Expressway,

Victoria Island, Lagos.

P. M. B. 12054, Lagos.

Tel: 234-01-2621640, 2621660, 2801600

Fax: 234-01-2801607

Cable: Mobil Oil

Telex: 22608 and 21228

2. Nature of Business:

Marketing of Petroleum Products, Manufacturing of automotive/

Industrial Lubricants and Petroleum Jelly.

3. Date of Incorporation:

Incorporated as a Private Limited Liability Company December 31, 1951

It became a Public Limited Liability Company in 1978.

4. Date Listed on The Exchange:

April 24, 1979

5. NSE Classification:

Petroleum (Marketing)

6. Board of Directors:

Olumide A. Onakoya (Chairman/MD)

Engr. Abdallah N. Bamalli

Mr. John A. C. Bell

Sam A. Kareem

Alastair J. MacNaughton

Adetunji A. Oyebanji

7. Company Secretary:

Emmanuel O. Amade

Mobil Apapa Complex

1 Mobil Road

Apapa Lagos

8. Auditors:

PricewaterhouseCoopers

(Chartered Accountants)

Plot 252E Muri Okunola Street

Off Ajose Adeogun,

P. O. Box 2419

Victoria Island, Lagos.

9. Company Registrars:

Union Registrars Limited

2, Burma Road, Apapa,

P. M. B. 12717, Lagos.

Tel: 234-1-803360 - 9

10. Subsidiaries/Associates:

Nido Gas Limited

11. End of Accounting Year

31st December.

12. Number of Employees

160

13.Capital Structure

i. Authorised: N200,000,000

ii. Paid-Up N120,199,000

14. Analysis of Shareholding

Mobil Oil Corporation Fair Fax, U.S.A.-60%

Nigerian Citizens and Associations - 40%

FIVE-YEAR FINANCIAL SUMMARY

CAPITAL

EMPLOYED 2007 2006 2005 2004 2003

N‘000 N‘000 N‘000 N‘000 N‘000

Share Capital 120,199 120,199 120,199 120,199

Share Premium 14,380 14,380 14,380 14,380 14,380

Reserves 2,113,769 2,699,099 3,170,502 747,972 551,504

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

2,248,348 2,833,678 3,305,081 882,551 686,083

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

ASSETS AND LIABILITIES:

Fixed Assets 8,697,680 7,134,964 5,913,176 5,760,218 5,224,948

Intangible assets 277,161 288,293 179,454 47,850 53,167

Investments 38 38 38 38 38

Working Capital (4,711,697) (2,499,271) (831,640) (3,639,393) (3,225,620)

————— ————— ------------ ------------- -------------

4,263,182 4,924,024 5,261,028 2,168,713 2,052,533

Net Deferred Credits (2,014,834) (2,090,346) (1,955,947) (1,286,162) (1,366,450)

————— ————— ———— ————— —————

Net Tangible Assets 2,248,348 2,833,678 3,305,081 882,551 686,083

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

Turnover 54,541,943 50,809,605 50,914,923 46,546,705 37,108,054

Profit before taxation 1,764,645 2,535,481 3,393,903 1,985,461 2,165,048

Taxation (633,542) (819,273) (971,373) (225,993) (707,568)

————— ————— ———— ————— —————

Profit After Taxation 1,131,103 1,716,208 2,422,530 1,759,468 1,457,480

Reserve beginning of the year 2,699,099 3,170,502 747,972 551,504 575,544

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

3,830,202 4,886,710 3,170,502 2,310,972 2,033,024

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

Bonus issue - - - - (24,040)

Dividends (1,716,433) (2,187,611) (2,187,611) (1,563,000) (1,457,480)

Reserves end of year 2,113,769 2,699,099 3,170,502 747,972 551,504

Earnings per 50k share 471k 714k 1,008k 732k 606k

Dividends per 50k share 470k 714k 910k 650k 606k

Return on capital employed 50% 61% 73% 199% 212%

NOTE:

Earnings and dividend per share are calculated on the basis of the fully paid ordinary shares of 240,396,841. Return on Capital employed (ROCE) represents profit after taxation divided by the total capital employed (shareholders’ equity).

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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