CORONATION INSURANCE : NOTICES OF ANNUAL GENERAL MEETING (AGM) -

RC 1647

INSURANCE

NOTICE OF ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that the 65th Annual General Meeting of members of CORONATION INSURANCE PLC ("the Company") will hold virtually on October 5, 2023, at 10: 00a.m. to consider and if thought fit pass the underlisted resolutions:

1. SPECIAL BUSINESS/ORDINARY RESOLUTION

1. That the Directors' Fees for the financial year ending December 31, 2023 and for succeeding years until reviewed by the Annual General Meeting be and is hereby fixed at N7, 500,000.00 (Seven Million Five Hundred Thousand Naira only).
2. To authorize the Directors to appoint an external consultant to conduct the Annual Board Performance Appraisal for the Financial Year ending December 31, 2023.

PROXY

A member entitled to attend and vote at the Annual General Meeting is entitled to appoint a proxy to attend and vote in his/her stead and such proxy need not be a member of the Company. A proxy form is attached to the Notice, and it is valid for the purpose of the Meeting. All instruments of proxy should be duly stamped at the Stamp Duties Office and deposited at the office of the Registrars, Coronation Registrars Limited, Plot 9, Amodu Ojikutu Street, off Saka Tinubu Street, Victoria Island, Lagos, not later than 48 hours prior to the time of the Meeting. In the case of Joint Shareholders, the signature of any one of them will suffice, but the names of all the Joint Shareholders must be stated. If the Shareholder is a corporation the proxy form must be under the Common Seal or under the hand of the same officer or attorney duly authorized by the Corporation to act on its behalf.

Dated this 13th day of September, 2023

BY ORDER OF THE BOARD

MARY AGHA

Company Secretary

FRC/2013/NBA/00000002817

NOTES

STAMPING OF PROXY

The Company has made arrangements at its cost for the stamping of duly completed and signed proxy forms submitted to the Company's Registrars within the stipulated time.

LIVE STREAMING OF THE ANNUAL GENERAL MEETING

Further to the signing into law of the Business Facilitation (Miscellaneous Provisions) Act, which allows public companies to hold meetings electronically, this Annual General Meeting will be held virtually. The Annual General Meeting shall be streamed live on the company's website www.coronation.ng

CLOSURE OF REGISTER OF MEMBERS

The Register of Members and Transfer Books of the Company will be closed on September 21, 2023, to enable the Registrar prepare the register of shareholders eligible to attend and vote at the meeting.

STATUTORY AUDIT COMMITTEE

The Statutory Audit Committee consists of three (3) Shareholder members and two (2) Directors.

In accordance with Section 404(6) of the Companies and Allied Matters Act 2020, any Member may nominate a Shareholder as a Member of the Statutory Audit Committee by giving notice in writing of such nomination to the Company Secretary at least 21 (Twenty-One) days before the Annual General Meeting.

Section 404(5) of the Companies and Allied Matters Act 2020 provides that all members of the Statutory Audit Committee shall be financially literate and at least One (1) member shall be a member of a professional accounting body in Nigeria established by an Act of the National Assembly.

The Nigerian Code of Corporate Governance issued by the Financial Reporting Council of Nigeria as well as the Corporate Governance Guidelines issued by the Securities & Exchange Commission respectively also provides that members of the Statutory Audit Committee should be financially literate and able to read and interpret financial statements.

Consequently, a detailed resume disclosing requisite qualifications should be submitted with each nomination.

E-MANDATE

Shareholders are kindly requested to update their E-mandate records with the Registrar - Coronation Registrars Limited. Detachable forms in respect of mandate for unclaimed dividend and shareholders data update are attached to the Annual Report for convenience. The aforementioned forms can also be downloaded from the Coronation Registrars Limited's website at www.coronation.ng/institutional/about-us/registrars

The duly completed forms should be returned to Coronation Registrars Limited, Plot 9, Amodu Ojikutu Street, Victoria Island, Lagos.

E-ANNUAL REPORT

The electronic version of the Annual Report is available at www.coronation.ng. Shareholders who have provided their email details to the Registrar will receive the electronic version of the Annual Report via email. Additionally, Shareholders who are interested in receiving the electronic version of the Annual Report can request via e-mail to [e-mail] or [e-mail]

BIOGRAPHICAL DETAILS OF DIRECTORS FOR RE-ELECTION/APPROVAL

The biographical details of Directors standing for re-election or approval are contained in the Annual Report.

WEBSITE

A copy of this Notice and other information relating to the meeting can be found at www.coronation.ng.

QUESTIONS FROM SHAREHOLDERS

Shareholders and other holders of the Company's securities reserve the right to ask questions not only at the meeting but also in writing prior to the meeting on any item contained in the Annual Report and Accounts. Please send questions, comments or observations to The Company Secretariat, Coronation Insurance Plc, 119, Awolowo Road, Ikoyi, Lagos or by email to [e-mail] not later than 7 days to the date of the Meeting. Questions and answers will be presented at the Annual General Meeting.

www.coronation.ng