CORPORATE ANNOUNCEMENTS – 16th February, 2017

UACN PROPERTY DEVELOPMENT CO. (UPDC) PLC – Earnings Guidance
UPDC Plc. announced today that based on a preliminary review of its Management Accounts for the year ended 31^st December, 2016, it expects to report materially low earnings due to the recognition of significant losses on certain projects and impairment of investments. The Company however noted that it is restructuring and repositioning itself to better deal with the current macroeconomic challenges and explore emerging opportunities.
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FIRST ALUMINIUM NIGERIA PLC – Appointment of Managing Director/CEO
First Aluminium Plc. has announced the appointment of Mr. Elias Igbinakenzua as the Managing Director/CEO of the Company with effect from 1^st February, 2017. Prior to this appointment, Elias had worked as an Executive Director with Zenith Bank Plc. and Access Bank Plc.
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TOTAL NIGERIA PLC – Notice of Board Meeting
Total Nigeria Plc. announced yesterday that a meeting of the Directors of the Company will hold on Friday, 10^th March, 2017 at 10am to consider and approve its 2016 Financial Statements, recommend a dividend, and fix a date for the next Annual General Meeting of the shareholders of the Company.
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