Stanbic IBTC to hold annual general meeting by June

the 8th Annual General Meeting of Stanbic IBTC Holdings PLC will be held at I.B.T.C. Place, Walter Carrington Crescent, Victoria Island, Lagos on Wednesday, 17 June 2020 at 10.00 am to transact the following business:
Ordinary Business

1. To receive and consider the Report of the Directors and the Financial Statements for
   the year ended 31 December 2019 and the Auditors’ Report thereon.
2. To declare a dividend.
3. To re-elect retiring Directors and to approve the appointment of additional Directors
   for the Company.
4. To authorize the Directors to fix the remuneration of the auditors for the ensuing year.

1. To elect members of the Audit Committee.
   Special Business
2. To consider and if thought fit pass the following as an ordinary resolution: “That the Directors’ annual fees for the year ending 31 December, 2020 be and is hereby fixed at ₦277,512,000.00”

1. To consider and if thought fit pass the following resolution as a special resolution: “That Article 4 of the Articles of Association of the Company be is hereby amended to
   read as follows: “The Quorum necessary for the transaction of the business of the Directors may be fixed by the Directors and unless so fixed shall be two. A meeting of the Board of Directors may be held by conference call, video call or other digital or electronic means. A Director shall be entitled to participate in a Board Meeting by any digital
   or electronic means and where a Director so participates, he shall be counted for the purpose of determining whether a quorum has been constituted and for determining the outcome of any vote taken at the Meeting.”

1. To consider and if thought fit pass the following sub-joined resolution as a Special Resolution: “That the Articles of Association of the Company be and is hereby
   amended by introducing a new Article 5, which shall read as follows: “A Resolution in writing signed (or approved by letter, electronic mail, telegram or telex,
   or by any other electronic means whatsoever) by all the Directors or (unless either the Directors appointing the Committee or the regulations imposed by the Directors on such Committee shall otherwise direct), by all the members of a Committee for
   the time being shall be as valid and effectual as if it had been passed at a meeting of the Directors or as the case may be, such Committee duly called and constituted. Such resolution may be contained in one document or electronic transmission, or in
   several documents or electronic form (email or otherwise), each signed or approved by the Directors or Members of the Committee concerned. For the purpose of this Article, the signature or electronic approval as aforesaid of an alternate Director (if any) entitled to notice of meeting of Directors shall suffice in place of the signature or
   approval the Director appointing him. “That subsequent Articles shall be renumbered accordingly.”

1. To consider, and, if thought fit, pass the following resolution as an Ordinary Resolution: “That in compliance with the Rules of The Nigerian Stock Exchange governing transactions with Related Parties or Interested Persons, the Company and its related entities (‘the Group’) be and are hereby granted a General Mandate in respect of all recurrent transactions entered into with a related party or interested person
   provided such transactions are of a revenue or trading nature or are necessary for the Company’s day-to-day operations {as specified in the General Mandate Circular sent to Shareholders along with the Annual Report}. This mandate shall commence on the date on which this resolution is passed and shall continue to operate until the date on which the next Annual General Meeting of the Company is held in 2021”

Dated this 19 day of May 2020.