NOTIFICATION OF COMPLETION OF SALE OF FBNQUEST MERCHANT BANK LIMITED

In line with the Nigerian Exchange Limited (NGX) Rulebook, we wish to inform NGX and the investing
public that First HoldCo Plc has successfully completed the full divestment of its 100% ownership in
FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP. This transaction has been finalized
after obtaining all necessary regulatory approvals from the Central Bank of Nigeria.

For First HoldCo Plc
Abiola Baruwa
Group Company Secretary