UPDC PLC ANNOUNCES CLOSED PERIOD FOR Q3 2022 UNAUDITED RESULTS

Lagos, Nigeria, Tuesday, 4th October 2022

In accordance with the relevant provisions of the Rule Book of Nigerian Exchange Limited (NGX), the Closed Period for trading in the shares of UPDC PLC (the "Company") commenced on Saturday, October 1, 2022 in respect of the Q3 2022 Unaudited Financial Statements for the period ended 30 September 2022 ("Q3 2022 Unaudited Accounts"). The Q3 2022 Unaudited Accounts will be due for release before or by October 30, 2022.

Hence no Director, persons discharging managerial responsibility, Employees with sensitive information, Advisers and Consultants of the Company, other insiders and their connected persons may directly or indirectly deal in the securities of the Company until 24 hours after the release of the Q3 2022 Unaudited Accounts via NGX's Issuers' Portal and by extension, the general public.

Thank you

Folake Kalaro

Company Secretary / General Counsel

UPDC Plc has a dedicated Investor's Portal on its corporate website which can be accessed via this link: https://www.updcplc.com. The Company's Investors' Relations Officer can also be reached through electronic mail at investorrelations@updcplc.com or telephone on +234 901 000 3017 for any investment related enquiry.

UPDC PLC RC.321582

UAC House, 1-5 Odunlami Street, Lagos.

info@updcplc.com | www.updcplc.com

Directors: Mr. O. Oshin (Chairman), Mr O. Ojo (CEO), Ms. B. Fadayomi (DD), Mr. F. Aiyesimoju, Mr. K. Osilaja, Mr. A. Falade

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UPDC plc published this content on 04 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 October 2022 22:11:08 UTC.