Investor Presentaiton

Transaction Structure and Terms Compatible with Principles of Islamic Shari'ah - FRACE Indicative Transaction Term Sheet Issuer Obligor Instrument Issue Size Rental Rate | Tenor Minimum Subscription Amount Use of Proceeds Repayment Status Distribution Listing Transaction Parties FGN Roads Sukuk Company 1 PLC Federal Government of Nigeria Sukuk Al Ijarah(Lease) NGN250 billion 12.80% 10 years Minimum of 10,000 (at #1,000/unit) and in multiples of #1,000 thereafter The funds will be used for key economic roads identified by the Federal Ministry of Works and Housing, Federal Capital Territory Administration and the Ministry of Niger Delta Affairs Bullet sum at maturity Direct, unconditional, unsubordinated unsecured obligations of the Federal Government of Nigeria which ranks pari passu with other outstanding present and future unsecured obligations of the Federal Government of Nigeria Fixed price public offering to all classes of investors Nigerian Exchange Limited and FMDQ Securities Exchange Limited Issuer GREENWICH MERCHANT BANK APEL CAPITAL & Trust Limited Trustees STRICTLY PRIVATE & CONFIDENTIAL Stanbic IBTC Capital VETIVA BURAQ Capital Limited CAPITAL MANAGEMENT LIMITED Issuing Houses Financial Adviser FBNQuest Trustees Abdulai, Taiwo & Co. TSEDAQAH TA ATTORNEYS Legal Advisers FRACE Certification • The Transaction structure and Transaction documents have been assessed by the Financial Regulatory Advisory Council of Experts (FRACE) of the Central Bank of Nigeria The FRACE has certified that the Sukuk complies with the principles of Islamic commercial jurisprudence The scope of FRACE review covers: - Nature of assets Structure of the Sukuk Relationship between Sukuk parties Responsibilities and liabilities of Sukuk parties Transaction documentation Trading of the Sukuk; and Dissolution of the Sukuk 18

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