THE INITIATES PLC.

WASTE MANAGERS & INDUSTRIAL CLEANERS

RC266755

Lagos, Nigeria

6th May, 2024

Notification of Share Dealing by Insiders

1.

Details of the of Director/Insider

a)

Name

RICHGATE INVEST SEC LTD

2.

Reason for the notification

a)

Position/status

SUBSTANTIAL SHAREHOLDER

b)

Initial notification/Amendment

INITIAL NOTIFICATION

3. Details of the issuer

Name

a)

THE INITIATES PLC

b)

Legal Entity Identifier 1

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

4.

transaction; (iii) each date; and (iv) each place where transactions have been conducted

Description of the financial

a)

instrument, type of instrument

Ordinary Shares

Identification Code

ISIN: NGINITSPLC05

b)

Nature of the transaction

Sale of Holdings

c)

Price(s) and volume(s)

23,359,000 units @ N1.81 per share

Aggregate information

d)

-

Aggregated volume

23,359,000

-

Price

N1.81

e)

Date of Transaction

29/04/2024

f)

Place of Transaction

NGX

Signature:

Name of Signatory: OLAIDE ODEJOBI

Designation of Signatory: COMPANY SECRETARY

J.O. Anosikeh (Chairman)

Plot 400, LOCATION (NEW) ROAD

R.M. Ossai (CEO & MD)

OFF ABA/PH EXPRESS BY OYIGBO JUNCTION

Oboh-OZOHEREBE.G.(NON-EXECUTIVE)

UMUEBULE 5

Prof. E.A.D. Alikor (NON-EXECUTIVE)

P.O.BOX 7242

J. Ebinum (NON-EXECUTIVE)

PORT HARCOURT

Phone 02084-669510

www.initiatesgroup.com

EMAIL: wms@initiatesgroup.com

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Initiates plc published this content on 06 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2024 15:54:07 UTC.