FirstBank FY'10 & Q1'11 Investor & Analyst Presentation

Risk Mgt & Corporate Financial Review Strategy & Transformation Summary & Outlook Governance Operating Environment Highlights Directors Total Seamless transition on the Board demonstrating institutionalised succession planning FirstBank Since 1894 Corporate Governance Framework Board December Members 2009 December 2010 Executive 8 5 FirstBank Board Directors Non Executive 9 11 17 16 • Continued Board restructuring around the principle that the predominance of non- executive would improve objectivity and independent judgement. Ratio of executive directors to non executive directors is 1:2. This is in line with the provision of the corporate governance code • In addition to the independent non executive director on our board, we intend fast-tracking the appointment of a second independent director in compliance with the corporate governance code. • The Board performs its responsibilities through standing committees whose charters are reviewed regularly ManCo Asset & Liability Committee ManCo General ExCo General MANCO Credit FirstBank FY'10 & Q1'11 Investor & Analyst Presentation - 28/04/2011 Shareholders ExCo Governance Committee Finance & General Purpose Committee Audit & Risk Mgmt Committee Credit Committee Audit Committee Statutory Committee Board Committee Management Committee 23

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