IKEJA HOTEL : IKEJA HOTEL PLC – NOTIFICATION OF RENEWAL OF DIRECTORS

Lagos, Nigeria, Wednesday August 31, 2022

RESOLUTION ADOPTED AT THE EMERGENCY BOARD MEETING OF IKEJA HOTEL PLC

At the Emergency Board Meeting of Ikeja Hotel Plc (the Company), held on Thursday, August 25, 2022, by teleconference at 11 a.m., the following resolution was considered and passed by the Board.

1. That the following directors be reappointed as directors of the Company in accordance with

SEC Directive:

  1. Alhaji Abatcha Bulama
  2. Mr Ufuoma Ibru.

PROFILE OF ALHAJI ABATCHA BULAMA

Alh. Bulama graduated from Ahmadu Bello University, Zaria with a degree in Accounting and an MBA. He is a Fellow of the Chartered Institute of Bankers of Nigeria (CIBN) and the Institute of Chartered Accountants of Nigeria.

He has over 35 years of varied professional experience. During his career, he has worked in the areas of state civil service, merchant and commercial banking, and capital markets regulation at senior levels of responsibility. At various times, he served on the Boards of SEC, Financial Reporting Council of Nigeria, Board of CIBN, etc. He is currently a member of the Boards of Directors of Tourist Company of Nigeria Plc, Capital Hotels Plc, African Alliance Insurance Plc and member, Audit Committee of CIBN.

PROFILE OF MR UFUOMA IBRU

Ufuoma Ibru has thirteen years of experience in hotel investment and strategy, having participated in the planning, implementation and negotiation of public offerings, special placements, offshore loans, private equity transactions and restructuring of major loans in the hospitality industry in Nigeria.

Ufuoma Ibru has made presentations and articles at various investor and industry forums including the London Stock Exchange, the Renaissance Investor Conference and the Terrapinn Hospitality Conference in South Africa.

FOR: IKEJA HOTEL PLC

PUNUKA NOMINEES LIMITED

FRC/2022/COY/160581

COMPANY SECRETARY

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