CEO's Welcome Speech - The Nigerian Stock Exchange

THE CEO SECTORAL DINNER FOR INDUSTRIAL GOODSWelcome RemarksByOscar OnyemaCEOThe Nigerian Stock ExchangeOriental Hotel | April 9, 2013

| Objective of the CEO Dinner |Objective• The CEO dinner was inaugurated as part of our initiatives to add valueand create an avenue for prospects to interact with listed companiesand key influencers within the same sector. These dinners highlight:The Benefits & Roles of the Capital MarketIssues of Common Concern for Advocacywith Policy Makers2

|About The Nigerian Stock Exchange |2 nd Largest Exchange in Africa by Market CapApprox. 5 million investors: Foreign (40.3% ofmarket activity); Local investors (59.7% ofmarket activity)238 Active dealing member firms;48 Dealing members/Issuing Houses20 Ordinary members/Issuing Houses44 Non-members/issuing HousesEquity and bond products: 200 listed equitieswith N11.14t in market cap (193 operatingcompanies); 56 bonds (N3.82t in FGN bonds,N441b in State bonds and N1.39t in Corp.bonds) 1 ETF (N956.4m)Founded in 196014 electronic trading floors around NigeriaFigures as at Monday April 8 20133

| Snapshot of The Nigerian Stock Exchange |NSE All Share Index34,810.25Equity MarketCapitalizationN11.14tn201323.97%(YTD)24.16%(YTD)Total MarketCapitalizationFixed IncomeMarket cap:N5.67tn193 listedcompaniesTwo key indicesAll Share Index(NSE ASI)NSE 30 Index(NGSE30:IND)Equity ProductsMarket capN11.14tn.N16.82tn [ 10.98% YTD]Statistics as at April 8, 20134

|NSE 2012 Achievements |NSE PILLARS1. Targeted Business Development Efforts NSE Lotus Islamic IndexX-Value Services2. Strong Regulatory Environment New Listing RulesBroker TraX ToolX-Compliance ReportX-Qual Report3. 21st Century Technologies Strategies New Web SiteX-Net VPNX-Gen DevelopmentMarket DataACHIEVEMENTS4. Growth-Enabling Market Structure Equity Primary Market Making5. First-Rate Investor Protection Programs Financial Literacy6. Market Development and Improved OperationalEfficiencySecurities Lending and Short SellingInvestor Protection Fund LaunchVAT and Stamp Duty EliminationMargin Debt ReliefInvestments in OTC Trading Platforms5

| Key 2013 Initiatives |PILLARS FOR GROWTHKEY INITIATIVES1. Targeted Business Development Efforts • ASeM Re-Launch• Derivatives Feasibility Study• Product Innovation (e.g. ETFs, NDRs)2. Strong Regulatory Environment • Enhanced Rulebook• Issuer’s Portal• Improved Cooperation with Other Exchanges andGlobal Organizations• Whistle Blowing Programme3. 21st Century Technologies Strategies • Delivery of New Trading Platform• Automation of Transaction Lifecycle4. Growth-Enabling Market Structure • Transaction Cost Analysis• Market Optimization5. First-Rate Investor Protection Programs • Financial Literacy Programme• Operation of Investor Protection Fund6. Market Development and Improved OperationalEfficiency• Policy Advocacy• Corporate Social Responsibility (CSR) Programme• Demutualization6

| The Industrial Goods Sector |Segmentationof the IndustrialGoods SectorIndustrialGoodsConstruction/Real EstateConsumerGoodsConglomeratesSubsectors• Building Materials• Electronic &Electrical Products• Packaging/Containers• Tools & MachineryFinancialServicesHealthcareAgricultureICTNaturalResourcesOil & GasUtilitiesServices• 27 companies listed in the Industrial Goods Sector• Contributes 28% of total market cap• 100 prospects currently in pipeline.7

| Major Issues affecting the Industrial Sector |Based on feed-back from some of our listed companiesInfrastructureProliferation ofsmuggledgoodsInflux ofsub-standardgoodsUnfavourableImport tariffregimeInconsistentGovernmentpolicies8

| Introducing the NSE Industrial Index |• 10 companies selected from total of 27companies listed in the Industrial GoodsSector• Selection based on marketcapitalization and liquidity• Full Year Return of 40.36% (2012)• YTD Return of 41.18% (2013)• Provides opportunity for creation ofproducts such as Exchange TradedFunds (ETFs), Options and Futures• Rebalanced twice a year – first businessday of January and July• Available on the NSE Daily Official Listand WebsiteFoundation Members of the Index:1. Ashaka Cement Plc2. Nigerian Bag Manufacturing Co. Plc3. Dangote Cement Plc4. Lafarge Cement WAPCO Nig. Plc5. CAP Plc6. Cement Co. of Northern Nig. Plc7. Berger Paints Plc8. Cutix Plc9. DN Meyer Plc10. Portland Paints & Products Nig. Plc9

Thank YouStock Exchange House2 - 4 Customs StreetP.O. Box 2457, MarinaLagos Island, Lagos, Nigeriawww.nse.com.ngoonyema@nse.com.ng