NOTICE OF PROPOSED OFFERING

This notice is issued in reliance on Rule 283 of the Rules & Regulations of the Securities & Exchange Commission, Nigeria.

This notice does not constitute an offer to sell or the solicitation of an offer to buy any securities.

Any offer, solicitation or offer to buy, or any sale of securities will be made only by a prospectus duly registered by the Securities and Exchange Commission, Nigeria (SEC) in accordance with the provisions of the Investments and Securities Act, No. 29, 2007 (the Act) and the rules and regulations of the SEC made pursuant to the Act (the SEC Rules).

NOTICE OF PROPOSED OFFERING

Guaranty Trust Holding Company Plc (GTCOPLC) has filed a preliminary “red herring” prospectus

(Red Herring Prospectus) with the SEC in connection with a proposed offering for subscription

of ordinary shares of 50 kobo each in its share capital (the Ordinary Shares) to raise gross

proceeds of up to N500 Billion (the Proposed Offering). The number of Ordinary Shares to be

offered and the price range for the Proposed Offering have not yet been determined.

The filing of the Red Herring Prospectus was undertaken with a concurrent filing of a preliminary

universal shelf registration statement. The universal shelf registration will permit GTCOPLC to

establish a multi-currency securities issuance programme (the Programme) to issue various

types of securities, or any combination of such securities, in one or more offerings, from time to

time, to raise proceeds in an aggregate amount of up to U.S.$750 million (or equivalent amount

PURPOSE

The net proceeds of the Proposed Offering will be used for (i) the

growth and expansion of the GTCOPLC Group’s businesses. Such

planned growth and expansion will be effected through

investments in technology infrastructure to fortify existing

operations, the establishment of new subsidiaries and selective

acquisitions of non-banking businesses; and (ii) the

recapitalisation of Guaranty Trust Bank Limited.

TARGET INVESTORS

The Proposed Offering is structured as an institutional offering

targeted at eligible investors and a retail offering within Nigeria (the

Nigerian Tranche) and a private placing to persons reasonably

believed to be qualified institutional buyers outside Nigeria (the

International Tranche).

LISTING AND ADMISSION

TO TRADING

An application will be filed for the approval of the Board of the

Nigerian Exchange Limited (NGX) with respect to the listing and

admission to trading of the Ordinary Shares on the NGX Official

List.

ANTICIPATED TIMING OF

THE PROPOSED OFFERING

The Proposed Offering is anticipated to open by July, 2024 in Nigerian Naira) 

in the Nigerian/international capital markets during the validity period of the

Programme.

The Proposed Offering is expected to be the first issuance under the Programme.

This notice does not constitute an offer of securities for sale in the United States or to U.S. persons

(“U.S. persons”), as such term is defined in Regulation S promulgated under the United States

Securities Act of 1933, as amended, (the U.S. Securities Act). The Ordinary Shares being offered

have not been, nor will be, registered under the U.S. Securities Act or any state securities laws,

and may not be offered or sold in the United States or to U.S. persons absent registration or an

applicable exemption from such registration requirements.

About the Issuer

Guaranty Trust Holding Company Plc is the ultimate holding company of the GTCOPLC Group.

The GTCOPLC Group is one of the largest financial services organisations in Africa.

Headquartered in Lagos, Nigeria, the Issuer maintains direct and indirect investments in a network

of operating entities located in 10 countries across Africa and the United Kingdom. Within these

regions, the operating entities provide a comprehensive range of commercial banking and related

financial services to millions of retail, institutional, private banking and wealth management

customers, in addition to asset management, pension fund administration and payment

technology businesses.

For further information, please contact:

Investor Relations:

ir@gtcoplc.com, +234 2012714580