RC 1647

Coronation Insurance PLC 119 Awolowo Road, lkoyi

P.O. Box 55508, Falomo-lkoyi Lagos, Nigeria +234 1277 4500/555

+234 7099 821284/85 contactcentre@coronationinsurance.com.ng www.coronation.ng

PRESS RELEASE

DATE OF ISSUE: MARCH 5, 2024

PLACE OF ISSUE: LAGOS, NIGERIA

PRESS RELEASE ON THE FILING DEFICIENCY OF THE AUDITED FINANCIAL STATEMENTS OF CORONATION INSURANCE PLC FOR THE YEAR ENDED DECEMBER 31, 2023 AND THE UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDING MARCH 31, 2024

This is to inform our valued Shareholders and the general public that Coronation Insurance Plc ("the Company") will regrettably be unable to file its Audited Financial Statements for the year ended December 31, 2023 within the stipulated time of March 31, 2024 as required under the rules of The Nigerian Exchange Limited ("Exchange"/ "NGX").

This is as a result of unforeseen delays resulting from the Company's first-time adoption of the International Financial Reporting Standard (IFRS 17) in the preparation of its Audited Financial Statement for the 2023 Financial year. This adoption aligns with the directive issued by the National Insurance Commission (NAICOM), effective January 1, 2023. The Company is however making concerted efforts to expedite the process and is optimistic that the requisite submissions will be made no later than July 31, 2024.

The Board of Directors and Management of Coronation Insurance Plc sincerely apologize for any inconvenience that this delay may cause to our Shareholders and various Stakeholders.

Mary Agha Company Secretary (FRC/2013/NBA/00000002817)

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Wapic Insurance plc published this content on 05 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2024 14:28:06 UTC.