UNITED BANK FOR AFRICA : DIRECTORSDEALINGS

1.

Details of the of Director/Insider

a)

Name

Oliver Alawuba

2.

Reason for the notification

a)

Position/status

Group Managing Director

b)

Initial

Initial Notification

notification/Amendment

a)

Name

United Bank for Africa Plc

b) Legal Entity Identifier

0292002067E3RH4D8768

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

4.

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

been conducted

Description of the financial

instrument, type of

Ordinary Shares of United Bank for Africa Plc

a) instrument

ISIN: NGUBA0000001

Identification Code

b)

Nature of the transaction

Purchase of Shares

Price(s) and volume(s)

500 shares at NGN20.90 per share

1,000,000 shares at NGN20.95 per share

2,676,934 shares at NGN21.00 per share

2,023,429 shares at NGN21.30 per share

50,000 shares at NGN21.40 per share

876,000 shares at NGN21.50 per share

c)

500,000 shares at NGN21.55 per share

1,300,000 shares at NGN21.60 per share

1,300,000 shares at NGN21.60 per share

1,300,000 shares at NGN21.60 per share

1,300,000 shares at NGN21.60 per share

800,000 shares at NGN21.60 per share

2,550,571 shares at NGN21.60 per share

7,138,738 shares at NGN21.60 per share

Aggregate information

d)

-

Aggregated volume

22,816,172 shares

-

Price

NGN21.41

e)

Date of Transaction

November 1, 2023

f)

Place of Transaction

Lagos, NGX