ETranzact International : E-TRANZACT INTERNATIONAL PLC-ETRANZACT INTERNATIONAL PLC - 2023 AGM RESOLUTIONS

Lagos, July 21, 2023

RESOLUTIONS PASSED AT THE

ANNUAL GENERAL MEETING OF eTRANZACT INTERNATIONAL PLC

At the 19th Annual General Meeting of eTranzact International PLC (the Company) held at the Function Room, 4th Floor, Fortune Towers, 27/29, Adeyemo Alakija Street, Victoria Island, Lagos on Thursday, 20th July 2023, at 12:00noon, the following resolutions were duly passed:

1. That the Audited Financial Statements for the year ended 31st December 2022, together with the reports of the Directors, Auditors and Audit Committee be received.
2. That pursuant to Section 273 of the Companies and Allied Matters Act 2020, the election of the Directors- Mr. Uche V. Obi, SAN, Mr. Benjamin Dabrah, Mr. Chukwuma Ajene, Ms. Binta Max- Gbinije, Ms. Hauwa Bello, Major General Emeka Onwuamaegbu (rtd) and Mr. Olayiwola Okunolabe and is hereby approved.
3. That pursuant to Section 285 (1) of the Companies and Allied Matters Act 2020, the re-election of the retiring Directors- Mr. Niyi Toluwalope and Mr. Victor Etuokwu be and are hereby approved.
4. That pursuant to Section 408 of the Companies and Allied Matters Act 2020, the Directors be and are hereby authorized to fix the remuneration of the Company's Auditor, Ernst and Young, for the financial year ending 31st December 2023.
5. That pursuant to Section 404 (3) of the Companies and Allied Matters Act 2020, the persons below were appointed as representatives of the shareholders on the Statutory Audit Committee
6. 1. Mr. Dominic Ichaba
   2. Mr. Robert Ibekwe; and
   3. Mr. Mathias Dafur

The Board representatives on the Statutory Audit Committee are

1. 1. Mr. Afolabi Oladele; and
   2. Mr. Uche Val Obi SAN
2. That pursuant to the rules of the Nigerian Exchange Limited governing transactions with related parties or interested persons, the Company is authorized to procure goods and services necessary for its operations from related third parties.
3. That the Directors be and are hereby authorized to enter and execute agreements, deeds, notices or any other documents, and to perform all acts and to do all such other things necessary for or incidental to give effect to resolutions above, including but not limited to appointing professional parties, consultants and advisers and complying with the directives of the regulatory authorities.
   Uloma Okoro