Monday, 18th March 2024

Lagos, Nigeria.

AXA MANSARD INSURANCE PLC - NOTICE OF DELAY IN FILING AND PUBLICATION OF AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31ST DECEMBER 2023

This is to notify our esteemed shareholders and other stakeholders that AXA Mansard Insurance Plc. ("the Company") may be unable to file its Audited Financial Statements (AFS) for the year ended 31st December 2023, and the Unaudited Financial Statements (UFS) for the quarter ending 31st March 2024 within the regulatory due dates of 30th March 2024 and 30th April 2024 respectively, as required by the Rules of the Nigerian Exchange Limited (NGX) and the Consolidated Rules of the Securities & Exchange Commission.

This is because of unforeseen delays in concluding the approval process within the stipulated time, particularly with the introduction of the IFRS 17 Accounting Standards which require several changes in the disclosure methods. The National Insurance Commission (NAICOM) has obtained, on behalf of insurance companies a general approval for an extension of the time for submission of the accounts.

Please be assured that the Company is making great efforts to ensure that this exercise is expedited so that the AFS for the year ended 31st December 2023 and UFS for the quarter ending 31st March 2024 are filed not later the 30th of May 2024.

AXA Mansard Insurance Plc sincerely regrets the inconveniences that this delay may cause its esteemed shareholders and the investing public.

Thank you.

For: AXA Mansard Insurance Plc.

OMOWUNMI ADEWUSI

Company Secretary

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AXA Mansard Insurance plc published this content on 19 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 March 2024 08:28:02 UTC.