UNIVERSITY PRESS : 2023 AGM RESOLUTIONS

Ibadan, 21 September 2023

RESOLUTIONS REACHED AT THE 45TH ANNUAL GENERAL MEETING (AGM) BY THE MEMBERS OF UNIVERSITY PRESS PLC HELD AT KAKANFO INN & CONFERENCE CENTRE, 1, NIHINLOLA STREET, JOYCE B ROAD, OFF RING ROAD, IBADAN, OYO STATE ON THURSDAY, 21ST SEPTEMBER, 2023

At the 45th Annual General Meeting of the Company, University Press Plc, duly convened and held on Thursday, 21st September 2023 at Kakanfo Inn & Conference Centre, 1, Nihinlola Street, Joyce B Road, off Ring Road, Ibadan, the following resolutions presented before members of the Company were duly passed and approved:

ORDINARY RESOLUTIONS

1. Declaration of a dividend of 10k per share for the financial year ended 31st March 2023.

2. Ratification of PROF TRACIE CHIMA UTOH-EZEAJUGH as an Independent Non- Executive Director.

3. Re-election of MESSRS OBAFUNSO OGUNKEYE AND JOSEPH B. DAUDU as Non-Executive Directors.

4. Authorization of the Directors to fix the remuneration of the Auditors in line with the provisions of Section 408 of the Companies & Allied Matters Act 2020.

5. Election of shareholders' representative on the Statutory Audit Committee:

MR. AYUBA QUADRI YEMI, MRS. UTERE INIBONG OBOT and MR. FOLOWOSELE MICHEAL OLUDARE were elected as shareholder members of the Statutory Audit Committee of the Company. HRM DR. JOSEPHINE A. DIETE- SPIFF AND MR OLAYINKA LAWAL will represent the Board on the Committee.

SPECIAL BUSINESS

6. Approval of Directors' remuneration.

Mrs. Binitie Aboyade-Cole Secretary to the Board