Lagos, March 27, 2024

PRESS RELEASE ON ANTICIPATED LATE SUBMISSION OF AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

The Board and Management of Wema Bank Plc (the Bank) wishes to inform the Bank's esteemed shareholders, key stakeholders, and investors that the Bank may not be able to release its Audited Financial Statements for the year ended 31st December 2023 within the regulatory timeline, i.e. March 31, 2024.

The Bank is currently processing the approval of the accounts with one of its regulators and upon receipt of the said approval, the Bank will release the Audited Financial Statements for the 2023 FYE to the public immediately.

We remain committed to adhering to best practices in corporate governance, especially in relation to adequate disclosures to the public and our investing community.

Thank you,

For: WEMA BANK PLC

…………………………………

Johnson Lebile

Company Secretary/General Counsel

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Wema Bank plc published this content on 28 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2024 12:13:06 UTC.