The GTCO Offer for Subscription is Now Closed

GTCOPLC (Guaranty Trust Holding Company Plc) is raising Equity Capital to fund:

1. The Growth and Expansion of the Banking Businesses across Africa, including the recapitalisation of Guaranty Trust Bank Limited (GTBank Nigeria), the Group’s principal banking subsidiary Nigeria.

2. The Growth and expansion of the Group's non-banking Businesses, including its Payments, Funds Management and Pension Fund Administration Businesses.

GTCOPLC is offering 9,000,000,000 (9 Billion) Ordinary Shares of 50 kobo each at N44.50 Per Offer Share.

The Application list opens on Monday, 15 July 2024, and closes Monday, 12 August 2024.

Applications will be accepted from 8.00 a.m. WAT on the Opening Date until 5.00 p.m. WAT (for physical Applications) and 23.59 p.m. WAT (for electronic Applications) on the Closing Date.

Anyone can Apply to the GTCOPLC Public Offer. GTCOPLC is inviting both Retail and Institutional Investors to participate in the Offer. Please refer to page 16 of the Abridged Prospectus for full details on participating in the Offer.

Application for the Offer Shares can be made in both physical and electronic formats.

Physical Application can be done at all GTBank Branches Nationwide and all Receiving Agents listed in the Prospectus. Please see the list of All Receiving Agents on this webpage or refer to page 14 of the Abridged Prospectus.

Electronic Application can be done at www.gtcoplc.com. Please select the “Other Offer Channels” tab and follow the prompts. Please note that for GTBank customers, electronic Application is available on GTWorld and via 737 (Simply dial *737*7000#. For more information on how to Apply and Pay, please refer to page 22 of the Abridged Prospectus.

Yes, Non-Resident Nigerians can participate in the Offer. Please note the following important points when applying as a Non-Resident Nigerian.

1. This Offer is a Naira denominated Offer and only Naira payments will be accepted.

2. A Non-Resident Nigerian Applicant must state his/her Naira Bank Account, CSCS Account and BVN on the Application Form.

3. Where a Non-Resident Nigerian Applicant does not have a Naira Bank Account or CSCS Account or BVN, such Non-Resident Nigerian Applicant will only be able to participate in the Offer by appointing a Custodian and establishing a Custodian Account to facilitate his/her Application. Non-Resident Nigerian Applicants that fall under this category are encouraged to contact a Custodian of their choice for guidance on opening a Custodian Account.

Yes, you can Apply on behalf of another person or a Minor.

For Applications on behalf of a Minor - The given names of the Minor as well as the Parent or Legal Guardian (the Applicant’s Representative) completing the Application Form must be provided in full in the designated spaces on the Application Form.

For Applications on behalf of a Relative (Sibling, Cousin) etc - the given names of the Relative (The Third- Party Individual Investor) as well as the Applicant’s Representative (the person completing the Application Form on behalf of the Relative) must be provided in full in the designated spaces on the Application Form.

Please note that All Names must be provided in full (not initials) with SURNAME FIRST

The Specified currency for the GTCO Offer Shares is Nigerian Naira Only. Kindly refer to page 23 of the Abridged Prospectus for guidance on subscriptions in a currency other than the Specified Currency.

Applications received after the closing date of Monday, 12 August 2024, will not be considered. Physical Applications will be accepted until 5.00 p.m. WAT and 23.59 p.m. WAT for electronic Applications on the Closing Date.

Historically, we have consistently paid out about 45 to 50 percent of profits as dividends. With the potential of enhanced profitability and the stand taken by the CBN on retained earnings (given that it is no longer as important in their assessment of regulatory capital), shareholders can expect higher dividends in coming years.

The Shares will be allotted to successful subscribers after the completion of the CBN Capital Verification Exercise and approval of the Basis of Allotment by the Securities and Exchange Commission. We expect this process to be completed within 3 months from the closing date of the Offer.

Application monies will be returned to Subscribers in the event of over subscription of the two tranches of the Offer. The Retail Offer and the Institutional Offer. Where the over subscription of one tranche cannot be accommodated under the other because it is fully subscribed.

Full details of the Public Offer are in the Offer Prospectus available at All GTBank Branches Nationwide, All Receiving Agents listed in the Offer Prospectus and at www.gtcoplc.com.

Before Subscribing, please contact your Stockbroker, solicitor, banker or an independent adviser registered by the SEC for guidance.