January 20, 2016.

The Registrar

Pace Registrar Limited

24, Campbell Street

Lagos.

Dear Sir,

LETTER OF INTRODUCTION OF AUTHORISED SIGNATORY

We are pleased to inform you that the following members of staff are Authorised signatories to our documents with you.

NAMECATEGORYSIGNATURE

MR. DAVE ENEJOH‘’A’’ ------

MR. AGBO BEN ANDREW‘’A’’ ------

MR. EZEKIEL AGBEKUNYO‘’B’’ ------

YAHAYA VICTOR IBRAHIM ‘’B’’ ------

EFIONG ASUQUO ‘’B’’ ------

BIODUN AKINYEMI “B” ------

The Category ‘’A’’ can sign alone while any two of category ‘’B’’ MUST sign together.

Also the staff whose signatures and identity card numbers appear below are our Accredited Representatives and are hereby given our mandate to deposit share certificates for verification and collect same on our behalf.

NAME ID. CARD NO.SIGNATURE

EFIONG ASUQUO ZSSL/LG/2016/010------

EMELE LILIAN ZSSL/LG/2016/013------

EZENNOROM MADONNA N. ZSSL/LG/2016/012------

It would be appreciated if you would give them the necessary assistance in the course of their duty.

Thanks

Yours faithfully,

ZION STOCKBROKERS & SECURITIES LIMITED

EFIONG ASUQUODAVE ENEJOH

Authorized SignatoryManaging Director/CEO

January 20, 2016.

The Registrar

Pace Registrar Limited

24, Campbell Street

Lagos.

Dear Sir,

CHANGE OF NAME / RELOCATION OF HEAD OFFICE

We write to inform you that Altrade Securities Limited has changed its name to ZION STOCKBROKERS & SECURITIES LIMITED.

We have also moved our Head Office from:

No. 65c Opebi Road

By Salvation Bus Stop

Opebi

Ikeja

Lagos.

To:

No. 199, Igbosere Road

Opp. Lagos High Court

Lagos

Attached are photocopies of relevant documents.

Kindly update your records accordingly.

Thank you

Yours faithfully,

ZION STOCKBROKERS & SECURITIES LIMITED

EFIONG ASUQUODAVE ENEJOH

Authorized SignatoryManaging Director / CEO

January 11, 2016.

GTL Registrars Limited

2, Burma Road

Apapa

Lagos.

Dear Sir,

LETTER OF INTRODUCTION OF AUTHORISED SIGNATORY

We are pleased to inform you that the following members of staff are Authorized signatories to our documents with you.

NAMECATEGORYSIGNATURE

MR. DAVE ENEJOH‘’A’’ ------

MR. AGBO BEN ANDREW‘’A’’ ------

MR. EZEKIEL AGBEKUNYO‘’B’’ ------

YAHAYA VICTOR IBRAHIM ‘’B’’ ------

EFIONG ASUQUO ‘’B’’ ------

BIODUN AKINYEMI “B” ------

The Category ‘’A’’ can sign alone while any two of category ‘’B’’ MUST sign together.

Thanks

Yours faithfully,

ZION STOCKBROKERS & SECURITIES LIMITED

EFIONG ASUQUODAVE ENEJOH

Authorized SignatoryManaging Director/CEO

January 11, 2016.

GTL Registrars Limited

2, Burma Road

Apapa

Lagos.

Dear Sir,

LETTER OF INTRODUCTION OF ACCREDITED REPRESENTATIVES

We are pleased to inform you that the following members of staff whose signatures and identity card numbers appear below are our Accredited Representatives and are hereby given our mandate to deposit share certificates for verification and collect same on our behalf.

NAME ID. CARD NO.SIGNATURE

EFIONG ASUQUO ZSSL/LG/2016/010------

EMELE LILIAN ZSSL/LG/2016/013------

EZENNOROM MADONNA N. ZSSL/LG/2016/012------

It would be appreciated if you would give them the necessary assistance in the course of their duty.

Thanks

Yours faithfully,

ZION STOCKBROKERS & SECURITIES LIMITED

EFIONG ASUQUODAVE ENEJOH

Authorized SignatoryManaging Director/CEO

January 12, 2015

The Manager

Guaranty Trust Bank Plc

Plot 635, AkinAdesola Street

Victoria Island

Lagos

Dear Sir/Ma,

RE: TRANSFER OF OUR SETTLEMENT ACCOUNT

Please find attached Trading Account Transfer Form. Kindly execute your portion to enable us transfer our Settlement Account.

Thanks for your co-operation

Yours faithfully,

ZION STOCKBROKERS & SECURITIES LIMITED

Agbo, Ben Andrew

CHANGE OF NAME FROM ALTRADE SECURITIES LIMITED TO ZION STOCKBROKERS & SECURITIES LIMITED & RELOCATION OF HEAD OFFICE

We, formerly known as ALTRADE SECURITIES LIMITED wish to inform the Securities & Exchange Commission (SEC), Nigeria Stock Exchange (NSE), Central Securities Clearing System (CSCS), Registrars, Association of Stockbroking Houses of Nigeria (ASHON), Stockbroking Firms, Our Esteemed Clients and the General Investing Public that we have changed our name from Altrade Securities Limited to ZION STOCKBROKERS & SECURITIES LIMITED.

We have also moved our Corporate Head Office from No. 65C Opebi Road, Ikeja, Lagos to No. 199, Igbosere Road, Opp Lagos High Court, Lagos.

The above changes have been communicated to the Regulators and approval obtained. And it is to enable us compete or play more active role in the Nigerian Capital Market.

All correspondences henceforth should be forwarded to our Head Office at 199, Igbosere Road Lagos.

Signed: MANAGEMENT