Investor Presentaiton

Nigerian Economy and Key Developments in the Banking Sector • Launch of new forex repatriation scheme "Race to US$200 billion in FX Repatriation (RT200FX) Program". It is a set of policies and program issued to enable Nigeria achieve the goal of US$200 billion in FX repatriation over the next 3-5 years via non-oil exports revenue. Implementation of Basel III Reporting Guidelines for Banks commenced in November 2021. This will run parallel to the existing Basel II for an initial period of six months. • The e-Naira is gaining traction with circa 700,000 downloads globally as at 28th January, 2021. Launched 25th October, 2021. • Launch of NIPOST e-debit card and banking platform to further contribute to financial literacy and inclusion of the Nigerian populace. • The 10-year tax exemption period on some government securities expired on 2 January 2022. • The new Petroleum Industry Act expected to bring respite to oil producing host communities, reduce incidence of youth restiveness and pipeline vandalization, improve efficiency and increase government revenue. • Commencement of Road Infrastructure Credit Scheme is expected improve infrastructure development across the country. ⚫ LIBOR transition to Secured Overnight Financing Rate (SOFR) commenced on 31 December 2021. © 2021 ZENITH BANK PLC | Full Year Group Results Presentation to Investors & Analysts | Page 6

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