Presented by: Aigboje Aig-Imoukhuede (Group CEO Access Bank PLC) October 4, 2012 Nigeria: Africas # 1 Investment Destination

4 Reasons why you must invest in Nigeria Africas Largest Single Market 1 One of the 10 Fastest Growing Economies in the World Nigerias is one of the N11 countries with a GPD growth rate of 7.2% 2 Nigeria ranks as the 10th largest mobile telephoning market 3 and 11 th in internet penetration globally Robust Macroeconomic Indicators Gross External reserves as at Sept. 5, 2012 stood at $41.8b up 18% QoQ and 27% YoY Stable local currency driven by strong focus on FX management Debt to GDP ratio is relatively stable at 17.9% 4 Autonomous Central Bank Inflation at 10.1% but in check and relatively stable Steady Improvement in governance & rule of law Uninterrupted democratic governance since 1999 Executive arm enabling conduct of fair elections Empowered media and civil society 1Youth is years with a national 2The Economist Intelligence Unit 3NCC Statistics 4Debt to GDP ratio was 17.8% in 2010 and 17.6 in One out of every four African consumers is a Nigerian Largely homogenous in taste and preference Nigerias youth 1 population is estimated to rise from 35 million today to 43 million by 2020

Trends in the Nigerian Banking Sector Consolidation (1 st wave) Regulator-driven Consolidation (minimum capital requirement of N25bn) Emergence of 24 banks from previous 89 Liquidity / Solvency Crisis Industry crisis triggered by global events Stock market collapse; significant increase in NPLs CBN Assessment of Banks (liquidity, capital adequacy & corporate governance) and subsequent intervention A New Era of Competition Enhanced competition (potential new foreign entrants, larger banks with increased capacity post consolidation) Push for profitability and earnings sustainability > Major Regulatory Reforms / Consolidation (2 nd wave) M&As, nationalisation of banks Improved regulatory oversight, greater co-ordination amongst regulators Divestment from non-banking businesses Dramatic Expansion Drive to increase capital base Expansion to other African countries Increasing exposure to capital market Top 5 Banks as at 2012 Top 5 Banks as at 2005 Source: Agusto Banking Industry Reports; Access Bank analysis Nigeria = $386m Europe = $60,100m Nigeria = $920m Europe = $75,126m Nigeria = $673m Europe = $34,315m Nigeria = $1,601m Europe = $52,574m TOP 5 BANK PROFIT BEFORE TAX (PBT) COMPARISON 5 Year CAGR ((05 – 11) Nigeria = 23% Europe = -2%

Ranked top 20 in Africa and top 5 in Nigeria Rated by Fitch, S&P and Agusto Operates in the UK and 5 African markets FT/IFC Sustainable Bank of the Year for Africa and Middle East 4 Pick the right banking partner

Sustainable Banking for a Sustainable Future