Acquisition of 100% of TAK Agro & Chemicals Limited

This notification is in respect of a proposed acquisition of the entire issued share capital of TAK Agro and Chemicals Limited ("TAK Agro" or Target) by Trinus Africa Limited (the "Proposed Acquisition"). TAK Agro is a limited liability company engaged in the business of importing, manufacturing and blending fertilizers to serve the agricultural sector in Nigeria. The Company operates blending plants across Nigeria where NPK fertilizers are blended. Trinus Africa Limited (the Acquirer) is a limited liability company incorporated and subsisting under the laws of the Federal Republic of Nigeria. The Acquirer is an investment holding company incorporated to serve as an investment vehicle in various industries. The Acquirer and the Target operate in different market sectors which do not overlap; with the latter operating in the Nigerian fertilizer manufacturing industry and the former operating as an investment holding company, with currently no investments in the Nigerian fertilizer manufacturing industry. The Proposed Acquisition is necessitated by commercial exigencies .