#1in Holdings Investor Presentation FY 2020 15th April 2021 W#2TABLE OF CONTENT in Holdings W Part 1: Strategic Highlights Part 2: Economic Overview Part 3: Part 4: Group Consolidated Performance FY 2020 Subsidiary Performance FY 2020 Part 5: Appendices Investor Presentation FY 2020#3Part 1: Strategic Highlights W in Holdings Investor Presentation FY 2020#4KPIs Enablers Strategic pillars and initiatives Aspiration M Holdings The Group has refreshed its iMara strategy during 2020 ¡Mara 2.0 Strategy Eastern Africa's leading Financial Partner for Growth 1 Driving Business Growth 2 3 Optimising the operating model Build a resilient organisation Key initiatives Key initiatives: 1) 2) 3) Sales Force Effectiveness enhancement 4) Digital Orchestrator 5) Defending Existing Business Revenue diversification 6) framework 7) Embedding cyber security 8) Funding and Liquidity management Enhancing Enterprise risk management Redesigning credit risk systems and processes 9) Embracing Env., Social and Governance Key initiatives 10) Core IT infrastructure resilience 11) Process efficiency - standardisation and shared services 12) Leverage Group synergies Responsibility A Customer Experience Design and delivery with customer at top of mind B Cultural Transformation Transforming to a digital and agile culture D C Data Analytics Strategic Partnerships Collaborations to deliver efficient and profitable growth Data driven decision making % new business revenue PBT ROE % digitally active customers Net Promoter Score Employee Engagement 3#5To support the refreshed strategy there has been a re-organisation and continued investment in existing entities and in Uganda" Group Structure - A new organizational structure has been implemented to oversee operationalization of Group's regional footprint. This will ✓ Improve customer experience. ✓ Unlock synergies through greater integration with subsidiaries. ✓ Drive quality controls for capital expenditure. ✓ Improved governance through standardization of reporting. im Holdings 0 Additional Investment I&M Holdings increased its investment in I&M (Rwanda) Plc through purchase of additional shares valued at RWF 4.4 billion (Approx. KES 480 million) during a rights issue and supported the joint venture, Bank One Limited through a capital injection of MUR 150M. Regional Expansion 1 I&M Holdings is in the final stages of the acquisition of 90% of the shareholding of Orient Bank Ltd, Uganda. The transaction shall be completed upon receipt of all relevant regulatory approvals 4#6A number of investments have been made in the Group's platforms to improve customer experience and resilience Card Management System Implementation and operationalization of an end- to-end solution for issuance and acquiring of Debit, Credit, and Prepaid cards including merchant management and 3D Secure CVP Revamp Review of current product offering and development of customer value propositions M Holdings | I A ම Technology Continued investment in future-state infrastructure paving the way for (i) development of market driven solutions and (ii) achieve operational efficiencies to ultimately improve customer experience $ Anti Money Laundering and Fraud Management Strengthening of AML management through implementation of a platform to further enhance the proactive approach of risk and fraud identification 5#7A number of market driven solutions are being rolled out across the Group оо O Pilot launch of the I&M On the Go project for Corporate and Business Customers. The digital solution is aimed at improving the digital experience for I&M Bank customers using human centered design principles, collaboration and latest technology I&M On the Go I&M Webpay-Link Launch of the e-commerce platform providing a payment solution that allows businesses to accept payments from their customers through VISA, MasterCard and UnionPay cards. Businesses do not need to have a website to enjoy this service. Revamp of the Diaspora Banking Introduction of a WhatsApp chat banking facility; pension scheme offering; increased number of I&M Bank Diaspora Banking Agents in several countries; wider range of international money remittance services such as Small World; a Deal Facilitation service for buying property; Special Diaspora Assistance at USD30 - USD50; a unique I&M WebPay facility and I&M Custody and Investment Services. M Holdings Early Warning System Early warning system was developed to predict if and/or when customers fall into arrears or excesses with the aim to save 2% of the cost of provision from change in status from normal to watch for facilities 60#8The Group continues to invest in its shared growth agenda with Society The different entities participated in coordinated activities with governments and other partners to support vulnerable communities impacted by the covid-19 pandemic. I&M Kenya set aside KES 50 Mn, I&M Rwanda Plc contributed RWF 153.4M, Bank One in Mauritius donated Mur 150K and an additional MUR 2 for any transaction done digitally while I&M Tanzania supported the government by donating hand-washing tanks and soap to the Ministry of Health Partnership with the Kenya Community Development Foundation aimed at inculcating a culture of environmental conservation and sustainable management of resources among Children and Youth in 172 learning institutions; in 4 sub-counties within Narok and Kilifi Counties over a three-year period The I&M Foundation provided a grant of KES 2,000,000/- to provide data bundles to facilitate attendance of online classes that benefited 62 financially constrained students at the St. Anne's Suresh Raja Shah Secondary School in Kairi in Form 1 to Form 3. Through the I&M Bank Foundation Maa Trust received KShs.1M to support Maa Beadwork Social Enterprise that engages 579 Maasai women, living in the Maasai Mara, by supporting them to have sustainable livelihoods. Holdings N#9Part 2: Economic Overview W in Holdings Investor Presentation FY 2020#10Economic Overview Global Conditions The IMF estimates the global economy to have shrunk by 4.4% in 2020 as a result of the global Covid-19 pandemic¹. There is great uncertainty about the path of economic growth this year, much of it due to risks surrounding evolution of the virus and the speed and effectiveness of vaccination rollouts². Sub Saharan Africa The regional GDP contracted by 3 percent in 2020 is expected to recover modestly to 3.1 percent in 2021. This outlook is subject to some key downside risks, particularly regarding the path of the COVID-19 pandemic and the resilience of the region's health systems³. Pandemic Impact Kenya's GDP contracted by 0.1% in 2020 having been depressed by slow down of the economy due to Covid-19 containment measures. For 2021, GDP is projected to grow by 7.6% under the assumption that economic activity will normalize due to a full reopening of the economy. This is likely to be revised with a lockdown having been imposed in March 2021 in the capital city and four other counties4. Exchange Rate Developments 3Significant currency depreciations in most Africa currencies observed in April (during the peak of the crisis) continued through the fourth quarter of 2020 and particularly severe in in tourism-dependent economies such as Mauritius and Seychelles Source: 1Reuters update Dec 2020, 2ACCA'S Q4 Global economic conditions survey, ³Source IMF report: Regional Economic Outlook June 2020, 4IMF April 2021 Press release No. 21/98 M Holdings 6#11Part 3: Group Consolidated Performance: FY 2020 W in Holdings Investor Presentation FY 2020#12M Holdings IMHP Performance Highlights Dec 2020 Vs Prior Year Profit Before Tax 10,952m -25% Fee (less LPF) / Income 28% Absolute +1% Cost/Income Ratio 42% Net Interest Income 15,600m Customer Deposits 262.7bn +14% +1% Non Interest Income 8,638m +4% Loans & Advances [Gross] 187.4bn +7% Return on Capital Fee (Less LPF) / Cost Return on Assets 13% 85% 3% Absolute +1% Absolute -3% Absolute -6% Absolute -0.4% 11#13Performance Highlight M Holdings Balance Sheet Growth Loan Performance Non Funded Income I&M Holdings PLC, recorded a 14% growth in its Balance Sheet size for its 2020 Full Year Financial Results, up from Kshs. 315.2 billion in 2019 to Kshs.358.09 billion in 2020, bolstered largely by growth in customer deposits The Group, in line with its Brand Promise on placing its customers' interests first, instituted a raft of measures aimed at cushioning them from the COVID- 19 crisis. Key among them was increased financing to businesses supporting COVID-19 mitigation measures, waiver of fees of select loans like Mortgages and loan repayment holidays for its lending customers. The Group's lending book therefore recorded a growth of 7% compared to December 2019, to close at Kshs 187.3 billion up from Kshs 175.3 billion for the similar period last year Growth of non funded income was marginal during the year, subdued by the different emergency measures arising from the pandemic, to facilitate online customer transactions free of cost for a certain duration this however has accelerated the use of Alternative Banking Channels. 12#14I&M Holdings PLC - Income Statement Highlights Dec 20 vs Dec Dec-18 Dec-19 Dec-20 Particulars 19 Kshs Mn Kshs Mn Kshs Mn Y-Y % ▲ Net Interest Income Non Funded Income 15,594 15,510 15,600 1% 7,597 8,285 8,638 4% Total Operating Income 23,191 23,795 24,238 2% Operating Expenses 8,481 9,461 10,134 7% Profit before Loan Loss Provisions 14,710 14,334 14,104 -2% Loan Loss Provisions 3,807 636 2,473 289% Profit before Share of JV 10,903 13,698 11,631 -15% Share of Profit from JV 595 905 (679) -175% Profit Before Tax Profit After Tax 11,498 14,603 10,952 -25% 8,503 10,769 8,413 -22% M Holdings 13#15I&M Holdings PLC - Balance Sheet Highlights Dec-18 Dec-19 Dec-20 20 vs 19 Particulars Kshs Mn Kshs Mn Kshs Mn Y-Y % ▲ Cash & Bank Balances 14,867 15,386 19,403 26% Investments & Placements 85,832 97,587 120,047 23% Loans & Advances (net) 166,737 175,329 187,391 7% Other Assets 21,086 26,989 31,258 16% Total Assets 288,522 315,291 358,100 14% Customer Deposits 213,139 229,737 262,681 14% Borrowings 13,756 10,856 14,773 36% Other Liabilities 10,753 13,836 12,582 -9% Total Liabilities 237,648 254,429 290,037 14% Shareholders' Funds 50,874 60,862 68,063 12% in Holdings 14#16M Holdings I&M Holdings PLC Liquidity Cost/Income Ratio Net NPA Gross NPA Return on Equity - Ratio Analysis Dec 18 Dec 19 Dec-20 47% 46% 49% 37% 40% 41% 5.8% 4.7% 3.9% 12.6% 11.4% 11.8% 17% 19% 12% Return on Assets 2.9% 3.4% 2.3% Capital Adequacy Ratio 16% 17% 19% Loan to Deposit Ratio Cost of Risk 78% 76% 71% 2.1% 0.3% 1.2% 15#17I&M Holdings PLC CONTRIBUTION TO PBT KSHS 'BN' 12.00 10.3 - Subsidiary Contribution % CONTRIBUTION TO LOANS & 73% 75% ADVANCES % CONTRIBUTION TO DEPOSITS 68% 70% 23% 21% 16% 3% 5% 5% 3% 4% 5%6% 6% 5% ■Dec-19 Dec-20 Kenya Rwanda Tanzania Mauritius Dec-19 Dec-20 Kenya Rwanda Tanzania Mauritius % CONTRIBUTION TO SHAREHOLDERS FUNDS % CONTRIBUTION TO TOTAL ASSETS 0.90 0.50 0.5 0.3 0.3 (0.7) 83% 83% Kenya Rwanda Tanzania Mauritius ■ Dec-19 Dec-20 M Holdings 70% 70% 21%19% 4% 5% 9% 7% 4% 4% 5% 6% 4% 4% Dec-19 Dec-20 Kenya Rwanda Tanzania Mauritius Dec-19 Dec-20 Kenya Rwanda Tanzania Bank One 16#18Sectorial Distribution of Loans & Advances 27% 26% 19% 19% 18% 18% 10% 9% 9% 8% 7% 7% 7% 5% 3% 2% 2% 2% 1% 1% 0% 0% Wholesale and Manufacturing Real estate Others retail trade Building and construction Transport and communicatio n Business services Agriculture Finance and insurance Mining and quarrying Electricity and water Dec-19 ■Dec-20 27% 26% 18% 19% 10% 9% 5% 7% 2% 2% 1% 0% 19% 18% 9% 8% 7% 7% 3% 2% 1% 0% The sectorial distribution comprises the 3 banking subsidiaries, I&M Bank Kenya Ltd, I&M Bank Tanzania Ltd & I&M (Rwanda) Plc Holdings 17 17#19Holdings Distribution of Restructured Loans & Advances 16% Gross loans restructured Segmentation 18% 11% ■ CORPORATE BANKING ■ BUSINESS BANKING manufacturing 20% Real Estate Sectorial 16% 14% 14% 14% 12% Personal/Householde Trade and Commerce ■ RETAIL BANKING The sectorial distribution comprises the 3 banking subsidiaries, I&M Bank Kenya Ltd, I&M Bank Tanzania Ltd & I&M (Rwanda) Plc Transport and Communication Tourism hotel and Restaurant Building and Construction 5% 3% 2% Others Agriculture 18#20Deposit Mix Businesses continue to hold funds in higher yielding deposits with reduced investments activities due to the pandemic The deposit mix comprises the 3 banking subsidiaries Holdings 66% CURRENCY MIX DEPOSIT MIX 66% 31% LCY FCY 69% 34% 34% Dec-19 Low Cost High Cost Dec-20 1999#21NFI [Kshs Mn] +4% Fee/Cost vs Fee/Income NFI [Kshs Mn] Fee/Cost Fee/Income 8,286 8,638 -27% 90% 1,884 73% 88% 2,578 85% +4% 4,170 3.994 FX Income Fees & Commissions Other Income 1,714 2019 33% 36% 27% 35% +51% 2,584 2020 Other income includes; 1. Net income on financial assets at fair value through profit or loss (FVTPL), 2. Rental income Fee implies Non Funded Income [NFI] Holdings 2017 2018 2019 2020 20 20#22Consolidated Loans & Advance and NPLs Gross NPLS 21,310 +11% Interest on Advances Coverage Ratio -2% 22,364 21,885 59% 67% 23,595 Dec-19 Dec-20 Dec-19 Dec-20 Loan Loss Provisions Dec-19 Dec-20 636 Gross NPA 11% 12% Cost of Risk +289% 2,473 1.2% 0.3% Net NPA 5% 4% Dec-19 Dec-20 Dec-19 Dec-20 M Holdings 21#23Value to Shareholders Return on Equity Return on Assets 3.0% 2.9% 3.4% 15% 17% 18% 12% 2.3% 2017 2018 2019 2020 2017 2018 2019 2020 Dividend & Bonus Issue - I&M Holdings board of directors has proposed a dividend of KSh2.25 per share for the year 2020 and a bonus issue of one bonus share for every ordinary share held. Holdings 22#24Other Operational KPIs 2019 System Uptime 98% Performance 99% Branch Transactions 36% 33% Alternate Banking Channels 64% 67% Transactions Above is for I&M Bank Limited, Kenya and also reflective of the Group Holdings Complaint Resolution Rate 2020 - 89% 2019 - 84% 2020 23#25Part 4: Subsidiary Performance: FY 2020 W in Holdings Investor Presentation FY 2020#26Kenyan Banking Sector Overview & Highlights GDP GDP is estimated to grow at 4.4% in 2021 assuming no lockdowns are imposed due to the pandemic Banking Sector The COVID-19 pandemic has led to significant changes in banks' balance sheets and profit and loss positions, but the system remains Source KBA bulletin M sound and stable Policy Measure on Impact of Pandemic % There was growth in credit to the private sector, this relative recovery towards the end of 2020 was supported by continued recovery in demand from the COVID-19 related disruptions and the accommodative monetary policy Liquidity Increase in NPLs Adverse effects of the pandemic on economic activity continue to weaken the capacity of borrowers to service their loans. The loan-to-deposit ratio recovered after a decline in the first half of the year, as banks adjusted their operating strategies in line with the prevailing business environment. Banks' intermediation priorities have been navigating the profitability - liquidity trade-offs Holdings 0 25#27I&M Bank Ltd, Kenya - Financial highlights Highlights Dec 2020 Vs Dec 2019 Reported PBT in KES 2019: 12bn 2020: 10.3bn Net Revenue in KES 2019: 18.4bn 2020: 18.4bn Cost/Income 2019: 33% 2020: 35% NFI/Total Income 2019: 36% 2020: 36% Loans/Deposits 2019: 72% 2020: 69% Gross NPL Ratio 2019: 12% Loans (Kshs Bn) 142 +6% Deposits (Kshs Bn) 150 195 +12% 218 Dec-19 Dec-20 Dec-19 Dec-20 Assets (Kshs Bn) Equity (Kshs Bn) +11% +12% 284 254 47 52 2020: 13% Dec-19 Dec-20 Figures in Kenyan Shillings Dec-19 Dec-20 M Holdings 0 26#28Economic Review - Tanzania GDP The overall GDP rate dropped to 4.5% by Q3-2020 compared to 5.7% registered in Q1-2020 and 7.3% registered in the corresponding period in 2019. The economic outlook remains positive in 2021 as the recovery continue to gather momentum, albeit at a marginal pace. The GDP is projected to grow by 5.5% and 6% in 2020 and 2021, respectively² Economic Outlook • % The protracted global health crisis • that continues in 2021 could undermine global demand and thus the Tanzanian economy. Many downside risks remain as potential further waves of the virus. could weigh on the domestic economy, while the recent surge of cases in the country and globally threatens the recovery of foreign demand¹ Source: ¹IMF World Economic Outlook and Focus Economics Newsletters. 2IMF Country Report M Banking Sector ✓ The total assets in the Banking industry grew by 0.6% to TZS 33.6 trillion in the year 2020. The overall deposits reported an increase of 5.49% to TZS 24.8 trillion. Credit growth registered a net increase of 7% from TZS 17.0 trillion in 2019 to TZS 18.2 trillion in 2020. ✓ The Bank of Tanzania implemented several measures to ease liquidity conditions in the monetary sector, including a reduction in the discount rate. They have also reduced reserve requirements to enhance credit to the private sector and facilitate regulatory flexibility for loan restructuring, where it is warranted². Holdings 27#29I&M Bank (T) Ltd, Tanzania- Financial highlights M Deposits (Kshs Bn) +26% Loans (Kshs Bn) Highlights Dec 2020 Vs Dec 2019 -1% 14 Reported PBT in KES 15 15 2019: 0.4bn 2020: 0.4bn Net Revenue in KES 2019: 1.7bn 2020: 1.7bn Cost/Income 2019: 60% 2020: 63% NFI/Total Income 2019: 23% 2020: 24% Loans/Deposits 2019: 112% 2020: 88% Gross NPL Ratio 2019: 11.7% 2020: 16% Holdings Figures in Kenyan Shillings 7 17 Dec-19 Dec-20 Dec-19 Dec-20 Assets (Kshs Bn) +7% Equity (Kshs Bn) +12% 7 22 24 4 4 Dec-19 Dec-20 Dec-19 Dec-20 28#30Economic Review - Mauritius GDP Country expects a recovery of 7.5% growth in 2021 following the projected contraction of 14.2% with the announcements around COVID-19 vaccines offering some glimmer of hope for 2021. How it should be noted that global passenger travel is expected to take up to 4 years to return to 2019 levels. Policy Measure on Impact of Pandemic % The government introduced several measures to alleviate the impact of the pandemic including a reduction in the cash reserve ratio, a special relief support of MUR 5 billion, a moratorium on loan repayments, and the creation of the MIC with a fund of MUR 2bn to support the affected sectors of the Economy. They have also placed on hold the revised impairment recognition and measurement guidelines for Banks. Source World Bank Report: Global Economic Outlook June 2020 Economy ✓ The country faces the challenge of being listed on the EU Blacklist. However, Significant progress has been made to remedy the five areas of deficiencies identified under the FATF Action Plan and, if matters stay on course, Mauritius is likely to be removed from the list by mid-2021. The borders have since remained closed leading to adverse consequences for the hospitality sector the second largest economic driver of the country Holdings 29#31Bank One, Mauritius- Financial highlights Highlights Dec 2020 Vs Dec 2019 Reported PBT in KES 2019: 1.9bn 2020: -1.5bn Net Revenue in KES 2019: 4.2bn 2020: 3.6bn Cost/Income 2019: 47% 2020: 59% NFI/Total Income 2019: 28% 2020: 30% Net Loans/Deposits 2019: 48% 2020: 39% Gross NPL Ratio 2019: 4.2% 2020: 8.7% Figures in Kenyan Shillings M Holdings Deposits (Kshs Bn) -1% Loans (Kshs Bn) (-19% 133 51 63 132 Dec-19 Dec-20 Dec-19 Dec-20 Assets (Kshs Bn) Equity (Kshs Bn) +2% -4% 154 157 10 9 Dec-19 Dec-20 Dec-19 Dec-20 30#32Economic Review - Rwanda GDP 2020 GDP is estimated to have contracted by 0.2% and is projected to recover to 5.7% GDP growth in 2021. This recovery is expected to be driven by improvements in the business environment and investment in major growth sectors². Economic Outlook • • The implementation of the African Continental Free Trade Area is expected to boost intraregional trade, which will support growth-especially if Rwanda increases its share of intraregional exports On the downside, simmering regional political tensions and a resurgence of the COVID-19 virus could result in trade disruptions¹. Source: afdb ¹Rwanda Economic Outlook. 2IMF Country Report January 2021 M Policy Measure on Impact of Pandemic % $ Demand for new loans dropped by 9 percent y/y in 2020H1, but private sector credit continued to grow, supported by loan restructuring. Headline inflation declined to 7.2 percent y/y in October, driven by a decrease in public transport fares and moderation of food inflation². Banking Sector Banks' non-performing loans (NPLs) ratio stood at 5.2 percent at end-September, only slightly above the regulatory benchmark, as they restructured 45 percent of their loan portfolio². Holdings 31#33I&M Bank (Rwanda) Plc - Financial highlights Highlights Dec 2020 Vs Dec 2019 Reported PBT in KES 2019: 1bn 2020: 0.9bn Net Revenue in KES 2019: 3.1bn 2020: 3.4bn Cost/Income 2019: 65% 2020: 57% NFI/Total Income 2019: 23% 2020: 28% Loans/Deposits 2019: 90% Loans (Kshs Bn) +22% 19 23 Deposits (Kshs Bn) +32% 21 27 Dec-19 Dec-20 Dec-19 Dec-20 Assets (Kshs Bn) Equity (Kshs Bn) +34% +30% 34 2020: 83% 46 5 6 Gross NPL Ratio 2019: 2.6% 2020: 3.5% Figures in Kenyan Shillings im Holdings Dec-19 Dec-20 Dec-19 Dec-20 32#34Non Banking Subsidiaries W in Holdings Investor Presentation FY 2020#35I&M Burbidge Capital Ltd I&M Insurance Agency Ltd Revenue The advisory business reported a 12% (KES 5.9Mn) increase in revenues Capital Raising Webinar IMBC in partnership with ISBI hosted its Annual Capital Raising Seminar via webinar Partnered with EAVCA to host a roundtable discussion based on Covid-19 Valuations and Deal Structures Revenue The Insurance agency contributed Kshs 91Mn to Group profitability Partnership with Underwriters The agency is continually partnering with underwriters in developing customized. products in agriculture, ordinary life assurance and Group life and pension. im Holdings IMBC won the Deal Makers Africa 2020 M&A Awards under the Financial Advisers Category (Deal Flow) for the 2nd time 34#36I&M Realty Limited New I&M Head Quarters Teams have relocated in phases into the new headquarters on 1st Parklands Avenue Sustainability The building generates an estimated 100 kWh per year, which covers a portion of its consumption through the use of photo-voltaic solar. Pandemic Relief The company offered tenants rent concessions as a relief from the impact of Covid-19 Pandemic. Holdings 35#37Part 5: Appendices W in Holdings Investor Presentation FY 2020#38Group Overview Our Purpose "To be the partner for Growth for all our Stakeholders" Our Vision To Become A Company Where The Best People Want To Work The First Choice Where Customers Want To Do Business, And Where Shareholder Are Happy With Their Investment M Holdings 37#39Our Culture M Holdings "Nurture A Culture Of Fairness To Our Partners" Employee - Employer This is with regards to 3 key relationships: Customer - Bank Shareholder - Group 38#40Our FootPrint UGANDA WW.NIM KENYA TANZANIA MAURITIUS I&M Bank Limited, Kenya Branches 40 ATMs 56 Staff 1,143 Customers Over 140,000 I&M Bank (Rwanda) Plc Branches 18 ATMs 31 Staff 373 Customers Over 42,000 Other Non Banking I&M Bank Tanzania Limited Entities Staff 32 Branches 8 ATMs 9 Staff 203 Customers Over 16,000 im Holdings Bank One Limited Branches 9 ATMs 10 Staff 421 Customers Over 50,000 39 39#41I&M Holdings PLC (IMHP) Structure I&M Holdings Plc BCR Investment Company Ltd 100% I&M Realty Ltd 100% I&M Burbidge Capital Ltd 65% I&M Capital Ltd 100% Bank One Ltd 50% I&M Bank Ltd 100% I&M Bank (Rwanda) Plc 54.47% Giro Ltd 100% Kenya Tanzania Rwanda Mauritius Uganda Holdings I&M Burbidge Capital (U) Ltd 100% I&M Bank (T) Limited I&M Insurance Agency Ltd 70.38% 100% I&M Nominees Ltd 100% Youjays Insurance Brokers Limited 100% 40 40#42I&M Nominees Ltd I&M Capital Ltd M Holdings Incorporation I&M Nominees Ltd is a private limited company incorporated in 19 July 1993. הווו Incorporation Incorporated in 1963. Giro Limited Incorporation Incorporated in 18 December 1992. Acquisition The Company was previous a wholly owned subsidiary of GA Investments Ltd. It was acquired by IMHP in 2020 Acquisition Acquired by I&M following the reverse takeover of City Trust Limited and changed its name to I&M Capital Limited on July 21, 2015. =::::|| Acquisition Formerly Giro Commercial Bank Limited a full-fledged commercial bank licensed by the CBK was acquired by I&M Group in February 2017. Business It is an investment intermediary that supports I&M Bank customers in making investments. Status *The Company has been dormant. It is currently in the process of acquiring a Fund Manager license Status The Company is currently in the process of being revived to provide asset finance facilities 0 41#43Disclaimer The contents herein have been presented in good faith. The information, statements and opinions set out in this presentation and subsequent discussion do not constitute a public offer for the purposes of any applicable law or an offer to sell or solicitation of any offer to purchase any securities or other financial instruments or any advice or recommendation in respect of such securities or other financial instruments. The information contained in this presentation and subsequent discussion, which does not purport to be comprehensive nor render any form of financial or other advice, has been provided by the Group and has not been independently verified by any party. No responsibility, liability or obligation (whether in tort, contract or otherwise) is accepted by the Group or any member of the Group or any of its affiliates or any of its officers, employees, agents or advisers as to or in relation to this presentation and any subsequent discussions (including the accuracy, completeness or sufficiency thereof) or any other written or oral information made available or any errors contained therein or omissions therefrom, and any such liability is expressly disclaimed. This presentation and subsequent discussion may contain projections, estimates, forecasts, targets, opinions, prospects, results, returns and future outlook with respect to the financial condition, results of operations, capital position and business of the Group. Any such future outlook may involve significant assumptions and subjective judgements which may or may not prove to be correct and there can be no assurance that any of the matters set out are attainable, will actually occur or will be realised or are complete or accurate. The assumptions may prove to be incorrect and involve known and unknown risks, uncertainties, contingencies and other important factors, many of which are outside the control of the Group. Any such future outlook is based on the beliefs, expectations and opinions of the Group at the date the statements are made, and the Group does not assume, and hereby disclaims, any obligation or duty to update, revise or supplement them if circumstances or management's beliefs, expectations or opinions should change. The Financial results of the Group can be sourced from the link https://www.imbank.com/about-us/i-and-m-holdings/investor-relations/financial-results M Holdings 42#44in Holdings Thank You W I&M is regulated by the Central Bank of Kenya