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Investor Presentaiton

Global Markets (1/2) Globally, IPOs and mergers and acquisitions fell in the first half; sales of green bonds outpaced those of fossil fuel bonds; and mainland China reopens (1/2) Global IPOs decline by 50% In H1 2023, global IPOs raised a total of $63 billion. This represents a 50% decrease in the $96 billion in proceeds from global IPOs in H1 2022. The Asia Pacific area made up the majority of the funds raised via IPOs in H1 2023, but it also saw a 30% decrease in proceeds of issue compared to H1 2022. $300 billion raised in Green bond issuances in H1 2023 According to Bloomberg, a total of $347.6 billion was raised through the sale of green bonds in H1'23, representing a 15.8% rise over the $300.1 billion in value of green bonds issuances in 2022. This is the first time that more money was raised overall from the sale of green bonds than from fossil fuel bonds. 100 80 88 Value of IPOS ($'billions) 60 37 40 20 20 400 347.6 300 36.6 200 56.1 100 26 0 H1'2023 H1 2022 Q1 Q2 Source Global IPO Watch, 2022 and 2023, PwC UK The Nigerian Capital Market Update PwC 0 Source: Bloomberg 316.5 300.1 233.2 H1'23 FY'23 ■Green bonds ■ Fossil fuel bonds August 2023 10
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