At the Extraordinary General Meeting of Ellah Lakes Plc (the “Company”) held at Workstation, 7, Ibiyinka Olorunbe Close, Victoria Island, Lagos on the Thursday, 26^th day of May 2022, the following resolution was proposed and passed: 

“That the directors be and are hereby authorised to raise additional capital whether by way of debt, equity, or a mixture of both, or via public offering, private placement or right issue in such tranches, series or proportions and such prices or interest rates, within such maturity periods, at such dates and time and on such terms and conditions as may be determined by the directors, subject to the requisite approval of the relevant regulatory authorities.”

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