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

STARCOMMS PLC

1. Head Office: Plot 1261C Bishop Kale Close, Off Saka Tinubu Street, Victroia Island, Lagos. Tel: 234-01-8048000 Fax: 234-01-8710301 E-mail: Website: www. 2. Nature of Business: Telecommunication 3. Date of Incorporation: 19th July,1995 4. Date Listed on The Exchange: 14th July, 2008 5. NSE Classification: NIL 6. Board of Directors: Chief Maan Lababidi, OON (Chairman) Mr. Maher Qubain (MD/CEO) Mr. Omar Lababidi Mr. Navaid Burney Folabi Williams Paul Edwards John Owers Michel Rosse 7. Company Secretaries: INCO Services Limited, 34, Bassie Ogamba Street, Surulere, Lagos.

8. Auditors: KPMG Professional Services 22a, Gerrard Road, Ikoyi, P. M. B. 40014, Falomo, Lagos, Nigeria, 9. Company Registrars: First Registrars Limited Plot 2, Abebe Village Road, Iganmu, Lagos. 10. End of Accounting Year December 11. Number of Employees: 636 12. Capital Structure i.Authorised: N4,000,000,000.00 ii.Paid-Up N 3,439,239,048.00

FIVE-YEAR FINANCIAL SUMMARY 2007 2006 2005 2004 2003 N‘000 N‘000 N‘000 N‘000 N‘000 ASSETS EMPLOYED: Fixed Assets 24,906,382 16,735,894 9,257,991 7,973,039 6,670,981 Intangible Assets 517,875 413,739 22,898 26,958 35,827 Deferred Tax 3,292,176 2,651,184 2,077,712 1,622,024 1,460,529 Long Term Prepayment 973,821 348,790 - - - Net Current Liabilities (8,942,711) (6,796,056) 5,581,542) (7,824,406) (3,837,653) Creditors Falling due After More than one year (13,436,520) (21,503,228) 12,431,719) (5,364,732) (5,917,172) _______ _______ _______ _______ _______ 7,311,023 (8,149,677) (6,654,660) (3,567,117) (1,587,488) ========= ======== ======== ======== ======== FUNDS EMPLOYED: Share Capital 1,846,859 41,280 41,280 41,280 41,280 Deposit for shares - - - 518,750 518,750 Share Premium 12,639,054 - - - - Revenue Reserves (7,174,890) (8,190,957 (6,695,940) (4,127,147) (2,147,518) _______ _______ _______ _______ _______ 7,311,023 (8,149,677) (6,654,660) (3,567,117) (1,587,488) ====== ====== ====== ====== ====== PROFIT & LOSS ACCOUNT: Turnover 20,506,707 13,614,796 6,344,212 5,168,345 3,143,620 ======== ======== ====== ====== ====== Operating Profit/(Loss) 2,302,924 296,559 (1,212,268) (1,042,311) (1,582,488) _______ _______ _______ _______ _______ Profit/(Loss) Before Taxation 451,813 (2,068,489) (3,022,679) (2,136,024) (2,537,503) _______ _______ _______ _______ _______ Profit/(Loss) After Taxation 1,016,067 (1,495,017) (2,568,793) (1,979,629) (1,093,077) ======= ======= ======= ======= ====== Earnings/(Loss) Per Share 1.03 36.22 42.74 47.96 26.48 Adjusted Earnings/(Loss) Per share 0.28 0.40 0.48 0.54 0.30

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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