AIICO INSURANCE : DIRECTORSDEALINGS

1.

Details of Director/Insider

a)

Name

AIICO Bahamas Ltd

2.

Reason for the notification

- Statutory Requirement

a)

Position/status

Major Shareholder

b)

Initial

Initial Notification

notification/Amendment

3.

Details of Director/Insider

a)

Name

AIICO Insurance Plc

b)

Legal Entity Identifier

AIICO

4.

Details of the transaction(s): to be repeated for (i) each type of instrument; (ii)

each type of transaction; (iii) each date; and (iv) each place where

transactions have been concluded

a)

Description of the financial

instrument, type of

Ordinary Shares of AIICO Insurance Plc

instrument

ISIN: NGAIICO00006

Identification code

b)

Nature of the transaction

Purchase of Shares

c)

Price(s) and volume(s)

300,000,000 shares at N0.70

d)

Aggregate information

-

Aggregate volume

300,000,000 units of shares

-

Price

N0.70

e)

Date of transaction

1st August, 2023

f)

Place of Transaction

Lagos, Nigerian Exchange Limited