Emerging Africa Capital GroupEAC Advisory Limited’s Expression of Interest (Provision of Advisory Services) to Anambra State Investment Promotion and Protection AgencyFebruary 2020

…Your Goals Should Be Achieved

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Executive Summary

Corporate Profile

Names and CV of Top Executives

Our Credentials & Track Record

Management Account for 2019

Evidence of registration with relevant authorities

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Outline

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Executive Summary (1/2)

Emerging

Africa is a

leading

financial

service

provider with

extensive

business lines

catering to the

diverse needs

of our clients.

To become

the leading

catalyst for

Africa’s

emergence as

a key global

investment

origin and

destination.

• The Emerging Africa Capital Group (“EAC Group”) commenced business in 2011 with the establishment of

Lakewood Investment and Trusts as a Private Trust and Family office business managing assets of select private

investors.

• In January 2018 , Emerging Africa Capital Limited and EAC Trustees Limited were incorporated as an

Investments holding and Trust company respectively and to assume the business undertaking of Lakewood

Investment and Trusts Limited. EAC Trustees was registered by the Securities and Exchange Commission in the

same year.

• In May 2018, EAC Advisory was incorporated as a Financial Adviser and Issuing House. The company was

subsequently registered by the SEC as an Issuing House and Underwriter. In March 2019, the group

incorporated and established Emerging Africa Asset Management Limited (EAAML), to provide Asset

Management services. EAAML was registered by SEC in the same year.

• Through its various members, the Emerging Africa Capital Group provides integrated Investment Banking

services cutting across

EAC GROUP

Asset Management

Public & Private Trusts

Equity and Debt Capital

Market

Wealth ManagementEstate Planning

Project Finance Advisory

and Capital Raising

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Executive Summary (2/2)

• The promoters of the Group possess cumulative

experience spanning several decades in Investment

Banking, Corporate Finance, Corporate Banking,

Trusteeship, Investment Management, Investor Services

and Capital Markets.

• In addition, the Group has a dedicated team of

seasoned professionals with cumulative local and

international experience of over 100 years and industry

insight across various sectors including oil & gas, power,

financial services, manufacturing, telecommunications,

real estate, information technology etc.

Corporate

FinanceInvestment

Banking

Board Members

Experienced Team

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Corporate Profile

Our Approach

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PURPOSE

“To be the leading catalyst for Africa’s emergence as key global Investment

origin and destination.”

“Providing superior financing and investing solutions, leveraging talent,

innovation and collaboration.”

MISSION

BELIEF SYSTEM

…Your goals should be achieved

Our Core Values

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E - EXCELLENCE

G - GROWTH

A - AMBITION

C - COLLABORATION

Our Group Structure

EAC Finance Group

SME Financing

Venture Capital

EAC Trustees Limited (EACT)

EAC Advisory Limited(EACA)

Syndications & Debentures

Private Trust & Wealth Advisory

Public Trust

EAC Asset Management

Portfolio Management

Fund Management

Retail Brokerage

Proprietary Trading

Agent Banking

Capital Markets and M&A

Project Finance

Financial Advisory

Emerging Africa Capital Group

Licensed to carry out Trusteeship and Issuing House & Underwriting functions, the EAC Group is structured to deliver superior financial services to a diverse client base.

Ongoing ImplementationExisting Subsidiaries

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EAC Advisory Product Offering

Debt Capital Markets

▪ Government and Agency

▪ Bond Issuance

▪ Corporate Bond Issuance

▪ Asset Backed Securities

▪ Sukuk Issuance

▪ High Yield Bond Issuance

▪ Commercial Paper

▪ Bond Restructuring

Equity Capital Markets

▪ Preferred stock issuance

▪ Private placements

▪ Equity and convertible

▪ securities issuance

▪ Initial public offerings

▪ Right issues

Project Finance

▪ Acquisition finance

▪ Debt restructuring and arranging

▪ Leveraged financing

▪ Financial modelling

▪ DFI financing

▪ Agency services

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EAC Advisory Sector Coverage

Financial Institutions▪ Non-bank financial

institutions

▪ Banks

Consumer Goods▪ FMCGs

▪ Retail chain stores

Education▪ Primary

▪ Secondary

▪ Tertiary

Hospitality▪ Hotel operators

▪ Recreation and leisure

facility development

Healthcare▪ Hospital

▪ Pharmaceuticals

▪ Specialist centers

Commodity & Agribusiness▪ Food Processing companies

Oil & Gas▪ Upstream

▪ Downstream

▪ Services

▪ Mining

Telecoms & Tech Enabled▪ Platform vendors

▪ IT Consulting

▪ Power & Utilities

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Our Value Proposition

People

▪ Dedicated team of professionals with cumulative local and international experience of over 100 years

Strong Track Record

▪ Strong track record and experience in capital markets, financial advisory, mergers & acquisition, project finance, trusteeship and wealth management

Experienced & Dedicated Board

▪ Board composition made up of seasoned and experienced industry leaders with diverse

experience in public and private sector institutions.

Relationship, Linkages and Network

▪ Extensive linkages and network of relationships across the entire value chain. Deep relationship with industry practitioners, regulators and fund providers

Technical Expertise

▪ Strong execution and technical capabilities in deal structuring, financial modelling and valuation and investor services

Access to Liquidity & Investors

Access to diverse pool of investors and liquidity locally and internationally

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Our Scope of Work

Advisory Financial Modelling Capital Raising Investor Services

• Preparing

valuations and

independent

fairness opinions.

• Advising on

Corporate

restructuring,

divestitures and

corporate spin-off.

• Supporting

corporates and

advising on

mergers &

acquisitions.

• Building

comprehensive

financial models to

support deal

structuring and

corporate decisions.

• Working with audit

firms to complete

financial model audits

particularly for the

purpose of loan

syndication.

• Preparing key

transaction

documents

• Securing requisite

regulatory approvals.

• Assist in negotiations

between fund

providers and clients.

• Marketing

presentations to

prospective investors.

• Securing investors/fund

providers commitment

and ensuring seamless

financial close

• Covers full range of

nominee services,

asset protection &

trust services.

• Supervision and

Execution of Trust

instruments

• Setting up and

managing trusts

• Holding and

managing charged

security assets and

funds

• Protection of

Investors’ interests in a

fair and professional

manner.

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Names and CV of Top Executives

Kolapo JosephNon-executive Director

• Kolapo is a seasonedinvestment banker withcogent experience in DalOrigination, Mergers &Acquisition, CorporateFinance and DealStructuring.

• He drove the originationand execution of Energyand InfrastructureTransactions in Nigeria andacross Africa.

• In United Capital, Hesuccessfully built the ProjectFinance Division to beamongst the top 3 in Nigeriahaving raises US$10 billion incapital for clients from localand international providersof capital.

• Mallam Mahmoud is anastute accountant withcogent experience inaccountancy and banking.

• His professional experiencecuts across renownedfinancial institutionsincluding Intercity Bank,Ecobank, and InternationalMerchant Bank.

• He was formerly thePermanent Secretary ofNiger State Civil Servicebefore he Retired in 2013.He also Served asCommissioner and Memberof SEC in Niger State.

Lucien MoolenaarNon-executive Director

Mahmoud BelloChairman

• Lucien is a corporatefinance and private equitylawyer with blue chipprivate practice andinvestment bankingexperience in London, NewYork and across Africa.

• As Executive Director andHead of Legal for Africa &Markets, Lucien helpeddevelop and execute thefirm’s strategy and itsexpansion to sevencountries in Africa and theMiddle East.

• Toyin Sanni is an InvestmentBanker, Lawyer, CharteredSecretary, Stockbroker, andAuthor with over 30 yearsexperience in Investmentbanking, Law and Finance

• Until recently the Group CEO ofUnited Capital Plc, She is amultiple award-winning leader(including the FORBES/CNBCAFRICA AABLA Business Womanof the Year, 2017, Pearl CEO ofthe Year 2017 amongst others)and an icon in the Nigerianfinancial services industry.

Toyin F. SanniChief Executive Officer

Directors and Management Team

EAC Advisory Limited

Fadeke OlugbemiNon-executive Director

• Mrs. Olugbemi is an experiencedBusiness Executive with abouttwenty-five years work experience.Her experience spans acrosstelecoms, finance, investment andtreasury roles. She is currently theHead, Investment & PortfolioManagement at Honeywell Group.In addition to her role at theHoneywell Group, Mrs. Olugbemi sitson the boards of FBN Bank, Guinea(a subsidiary of First Bank of Nig. Ltd);Ikeja Hotels Plc & Capital Hotels Plc.

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• Mrs. Olugbemi holds a BScAccounting from Obafemi AwolowoUniversity, an MBA from AstonBusiness School, Birmingham, UK andis a Fellow of the Institute ofChartered Accountants of Nigeria..

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Directors and Management Team

Executive Management

Oladele AkinjoHead, Advisory &

Capital Markets

Olubusayo Adeniyi

MD, EAC Trustees

Adaku IjaraHead, Trust Services &

Wealth ManagementBusayo is a Fellow of the

Institute of Chartered

Accountants of Nig. (FCA)

and Associate of

Chartered Institute of

Taxation of Nig. (ACIT) with

over 20 years varied

experience in Finance,

Money & Capital Market

and Trusteeship. His

professional experience

cuts across leading

financial institutions such as

United Capital Plc, Stanbic

IBTC Bank Plc and

Springboard Trust &

Investment Limited.

Oladele’s professional

experience cuts across

renowned financial

institutions including United

Capital Plc, Ecobank

Development Company

Limited and Afrinvest West

Africa Limited.

Adaku possesses over 14

years experience

spanning across roles in

Treasury Marketing,

Consumer Banking,

Private Banking and

Private Trust in notable

institutions such as Fidelity

Bank Plc, Standard

Chartered Bank Limited

and United Capital Plc.

She is a fellow of the

Global Academy of

Finance & Management

and a Chartered Wealth

Manager.

Felicia Sonubi

Deputy MD, EAC Trustees

Felicia has over 20 years

experience in Corporate

Legal Advisory and

Trusteeship. In the course of

her career in the Trust

Industry, she was the

Managing Director/CEO of

Apel Capital & Trust Ltd

and Managing

Director/CEO of Oceanic

Trustees

Nigeria Limited.

She cut her teeth in

Corporate Legal Practice at

various levels in the Legal

Department of Union Bank

of Nigeria Plc after being

called to the Nigerian Bar.

Toyin Sanni is an Investment

Banker, Lawyer, Chartered

Secretary, Stockbroker, and

Author with over 30 years

experience in Investment

banking, Law and Finance.

Until recently the Group CEO

of United Capital Plc, She is a

multiple award-winning

leader (including the

FORBES/CNBC AFRICA

AABLA Business Woman of

the Year, 2017, Pearl CEO of

the Year 2017 amongst

others) and an icon in the

Nigerian financial services

industry.

Toyin F. SanniGroup CEO

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PROJECT TEAM

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Advisory Team

• As Project Director, TFS will be responsible for providing the overall

project leadership on the project

• TFS is a finance and capital markets expert with extensive

experience across Africa

Toyin Sanni

Over 27years of finance and

Investment Banking

Experience.

Project Director

• As Project Manager, Dele will be

responsible for coordinating the day-to-

day activities of the Project

• Dele is a Financial Advisory and Project

Finance expert with extensive experience

across Africa

Project Manager

Oladele Akinjo

10 years of

Investment Banking

Experience

• As Project Associate, Ogochukwu will support

the Project Manager and will be responsible for

preparing relevant documentations for the

Project.

Project Associate

Ogochukwu Odum

Experienced lawyer

with over 6 years of

experience in Legal &

financial advisory.

Adedamola Olabintan

2 years experience in Investment Banking and

Financial Advisory.

Project Analyst

Project Analyst

Temitope Solademi

2 years experience in Advisory, Corporate Banking

and Tax Services

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Our Credentials & Track Record

Sector Expertise – Oil & Gas, Project Finance & Advisory

Team Members’ Transaction Credentials In Similar Transactions

CHEVRON/NNPC

Project Finance

US$1.2bn

2015

ORION OIL LIMITED

2015

US$250m

Project Finance

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HYDRO GENERATING

POWER CONCESSION

2013

US$122m

Project Finance

TALAVERAS AFAM POWER

LIMITED

2013

US$260m

Project Finance

EXXON MOBIL

2012

US$1.5bn

Project Finance

ACCUGAS

2016

US$385m

Debt Restructuring

CHEVRON/NNPC

2017

SEPLAT

2016

US$700m

Debt Restructuring

US$780m

Capex raise

SHELL/NNPC

Capex raise

US$1bn

2017

NBET BANK GUARANTEE

Financial Advisory

N50.59bn

2016

Capital Market Transactions Track Record

Team Members’ Transaction Credentials In Similar Transactions

LAGOS STATE

Bond Series 2, Tranches I

& II

N85.14bn

2017

UBA PLC

2017

N15bn

Eurobond Series I & II

FGN

2017

US$300m

Diaspora Bond

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TRANSCORP HOTELS

2015

US$101m

Fixed Rate Unsecured

BondsSeries I & II

FSDH

2016

N15bn

Commercial Paper Notes

Series I & II

FORTE OIL

Fixed Rate Unsecured Bonds

N9bn

2016

FCMB

2015US$118.3m

Fixed Rate Senior Unsecured

Bonds

UBA PLC

2015

US$57m

Rights IssueBAYELSA STATE

2016

N50bn

State Bond

Recently Closed Transactions

Niger State

Government

• Caracal sought to raise up to

$300,000 on a short-term

basis to meet working capital

needs (the “Transaction”).

• Emerging Africa Capital

acted as Financial Adviser

and Arranger to Caracal on

the Transaction.

• We successfully raised

$300,000 short term funding

to meet immediate working

capital needs.

Caracal Oil & Gas

Services Capital Raising

NGN500m

($1.6m)

Capital Raising

$300k

Caracal Oil & Gas

Services Coronation Merchant

Bank

Capital Raising

NGN100bn

($326m)

• Coronation Merchant Bank

Ltd (“the Issuer”), is a leading

Merchant Bank providing

securities trading, treasury

services, and corporate

banking services.

• Emerging Africa Capital

acted as Joint Issuing

House/Arranger to the Issuer

on CMB’s Series III and IV

Commercial Paper under its₦100 billion Commercial

Paper Issuance Programme.

NGN5bn

($16.3m)

Capital Raising

• Niger State Government

sought Bridge Finance of

N5bn for its infrastructure

Projects.

• Emerging Africa Capital

acted as Lead

Arranger/Lead

Underwriter/Facility Agentand Joint Trustee to the ₦5bn

Bridge Finance.

• Caracal sought to raise up

to $1.6m for business

expansion.

• Emerging Africa Capital

acted as Financial Adviser

and Arranger to Caracal

on the Transaction.

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Ongoing Transactions

A State Government

Sukuk Issuance

₦10.00bn

Independent Power Production Company

₦5.00bn

Project Finance

Power Company

Project Finance

₦3.00bn

A Steel Manufacturing Company

Debt Capital Raise

US$50.00m

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A Merchant Bank

Medium Term Note Programme

₦50.00bn

A Merchant Bank

Commercial Paper Series V & VI

₦10.00bn

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Management Account for 2019

Detailed Income Statement For The Period Ended

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INCOME December 2019 YTD

Currency ₦'

Advisory Fees 62,811,340.99

Management Fees -

Interest Income -

Investment Income 44,407,982.43

Commission & Other Income

50,000.00

Interest Expenses

107,269,323.43

-

Net Interest Margin 107,269,323.43

EXPENSES

Other Costs (36,737,700.02)

Depreciation (3,067,431.16)

Staff Cost (57,586,085.71)

-Total (97,391,216.89)

Profit Before Tax 9,878,106.53

TSA (740,857.99)

Profit After Tax 9,137,248.54

BALANCE SHEET AS AT 31ST DECEMBER 2019

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BALANCE SHEET AS AT 31ST December 2019 YTD

Currency ₦'

Asset:

Cash Balance 3,810,286.97

Loans & Advances -

Investment 229,011,151.36

Receivables 101,328,807.09

Other Asset 14,221,832.82

Fixed Asset 9,620,273.72

357,992,351.96

Liabilities:

Borrowings & Other Managed Funds -

Other Liabilities 9,436,513.24

9,436,513.24

Net Assets348,555,838.72

Capital & Reserves:

Share Capital 359,435,800.00

Reserves -

Unappropriated Profit (20,758,067.84)

Profit & Loss to Date 9,878,106.53

Shareholders Fund 348,555,838.69

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Evidence of registration with relevant authorities

Evidence of Registration with CAC

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Evidence of Registration with SEC

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