July 26, 2012

Transnational Corporation of Nigeria Plc has notified The Exchange that Chief O. B. Lulu-Briggs, one of the longest serving Directors of Transcorp, has retired from the Board with effect from May 3, 2012. Consequently, and in line with the provisions of the articles of Transcorp, Chief (Mrs.) Seinye O. B. Lulu-Briggs who served as an alternate to Chief Lulu-Briggs has ceased to be an alternate Director of Transcorp.

Change of Name

The Company has also informed The Exchange that Mrs. Angela Nwabuoku, a non-Executive Director has changed her name to “Ms. Angela Aneke”.

The retirement and name change have respectively been accepted and noted by the Board of Directors. Consequently, as at July 24, 2012, the Board of Directors of Transcorp comprises of the following:

1. Tony O. Elumelu, MFR               Chairman

2. Obinna Ufudo                          President/CEO

3. Olorogun O’tega Emerhor, OON   Non-Executive Director

4. Mohammed Nasir Umar              Non-Executive Director

5. Kayode Fasola                         Non-Executive Director

6. Julius Kpaduwa                        Non-Executive Director

7. Angela Aneke                          Non-Executive Director

8. Sternley Inye Lawson               Non-Executive Director

9. Chibundu Edozie                      Non-Executive Director

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