Prestige Assurance Plc ("the Company") hereby wishes to inform Nigerian Exchange Limited ("NGX") and the investing Public that the meeting of the Company's Board of Directors held on Wednesday, July 27, 2022 as scheduled and the following resolutions were passed:

Consequently, the closed period restricting all Directors and Insiders from dealing in the shares of the Company remains in place until twenty-four (24) hours after the release of the 2022 Q2 UFS to the market.

Mr. Agrawal Rama Kant be and is hereby appointed as a Non-Executive Director of the Company subject to regulatory approvals.

Profile of Mr. Agrawal Rama Kant M.COM., P.G.D.I.M., A.C.I.I. (LONDON), F.I.1.1.

He holds a Master's degree in Commerce, and a Fellow of the Insurance Institute of India. He started his working career with The New India Assurance Company Limited, Mumbai in 1987. He is an accomplished Insurer, and Administrator equipped with track record in diverse areas of the company functions with over 34 years' experience.

He worked in various capacities in the Divisional Office. His services in the New India Assurance Limited cuts across the administrative and accounting functions. Prior to now, was a Deputy General Manager and he Is currently a General Manager in New India Assurance Company Limited.

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