Financial Business News

ROYAL EXCHANGE ASSURANCE PLC released its 9 months result
for period ended September 30, 2007. The Company’s Gross
Premium and Profit after Tax went up by 76% and 101%
respectively.

A.G. LEVENTIS NIGERIA PLC released 9 months result for
period ended September 30, 2007. The company’s Turnover
went down by 9% while Profit after Tax increased by 16%
when compared to the prior period.

LASACO ASSURANCE PLC
UNAUDITED Q-3 RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, 2007
PERIOD 2007 2006 ABSOLUTE CHANGE %CHANGE
TURNOVER (N'b) 2.09 0.54 1.55 288.6%
PBT (N'b) 0.96 0.16 0.81 514.4%
TAXATION (N'b) 0.99 0.12 0.87 739.4%
PAT (N'b) 0.87 0.15 0.72 496.1%
* Means Decrease & * Means Increase
Net Profit Margin 41.51% 27.06%

UNITED BANK of AFRICA PLC
AUDITED ACCOUNT FOR THE YEAR ENDED SEPTEMBER 30, 2007
PERIOD 2007 2006 ABSOLUTE CHANGE %CHANGE
TURNOVER (N'b) 109.51 90.45 19.07 21.1%
PBT (N'b) 25.36 12.81 12.55 98.0%
TAXATION (N'b) 3.92 1.26 2.66 211.1%
PAT (N'b) 21.44 11.55 9.89 85.6%
EXCEPTIONAL ITEMS (N'b) 4.16 nil
* Means Decrease & * Means Increase
Net Profit Margin 19.58% 12.77%
PROPOSED DIVIDEND/SHARE = N1.20k
CLOSURE DATE TO BE ANNOUNCED LATER
PAYMENT DATE TO BE ANNOUCED LATER

EKO CORP PLC
UNAUDITED Q-3 RESULTS FOR THE PERIOD ENDED JUNE 30, 2007
PERIOD 2007 2006 ABSOLUTE CHANGE %CHANGE
TURNOVER(N'm) 405.83 353.47 52.36 14.8%
PBT (N'm) 88.45 110.35 -21.90 -19.8%
TAXATION (N'm) 8.84 11.00 -2.16 -19.6%
PAT (N'm) 79.61 99.32 -19.71 -19.8%
* Means Decrease & * Means Increase
Net Profit Margin 19.62% 28%

FCMB PLC
UNAUDITED Q-2 RESULTS FOR THE PERIOD ENDED OCTOBER 31, 2007
PERIOD 2007 2006 ABSOLUTE CHANGE %CHANGE
TURNOVER (N'b) 21.87 10.88 10.99 101.1%
PBT (N'm) 6.76 2.82 3.94 139.7%
TAXATION (N'm) 1.42 0.59 0.83 140.0%
PAT (N'm) 5.34 2.23 3.11 139.6%
* Means Decrease & * Means Increase
Net Profit Margin 24.43% 20.51%

RED STAR EXPRESS
UNAUDITED Q-2 RESULTS FOR THE PERIOD ENDED SEPTEMBER 30, 2007
PERIOD 2007 2006 ABSOLUTE CHANGE %CHANGE
TURNOVER (N'b) 1.59 1.34 0.25 18.5%
PBT (N'b) 0.21 0.19 0.02 9.4%
TAXATION (N'b) 0.06 0.06 0.01 9.3%
PAT (N'b) 0.15 0.14 0.01 9.5%
* Means Decrease & * Means Increase
Net Profit Margin 9.36% 10.12%

SUPPLEMENTARY ALLOTMENT
The supplementary allotment of 537,281,740 ordinary shares and right issue of 12,170,791ordinary shares of
INTERCONTINENTAL BANK PLC was today listed amongst the Daily Official Listing of the Nigerian Stock
Exchange today at N13.50k.

TECHNICAL SUSPENSION
The shares of JAPAULOIL PLC and INTERNATIONAL BREWERIES PLC were today lifted off technical
suspension following the conclusion of their public offers.