Investor Presentaiton

Performance by Geography Foreign subsidiaries contributed 12% of total revenue. 12 Months Ended December 2021 (N'million) Nigeria Rest of Africa Europe Eliminations Consolidated Total Revenue Nigeria 2021 88.0% Total Revenue 688,162 74,697 19,315 (16,616) 765,558 Total expense (422,253) (47,451) (14,390) (1,090) (485,184) Profit before tax 265,909 27,246 4,925 (17,706) 280,374 Tax (26,033) (8,937) (846) (35,816) Europe Profit after tax 239,876 18,309 4,079 (17,706) 244,558 2.5% Rest of Africa 9.5% 12 Months Ended December 2020 (million) 2020 Nigeria Rest of Africa Europe Eliminations Consolidated Nigeria 86.1% Total Revenue 605,940 74,675 23,034 (7,199) 696,450 Total expense (387,642) (40,719) (15,427) 3,199 (440,589) Profit before tax 218,298 33,956 7,607 (4,000) 255,861 Tax (14,404) (9,379) (1,513) (25,296) Europe. 3.3% Profit after tax 203,894 24,577 6,094 (4,000) 230,565 Rest of Africa 10.6% © 2021 ZENITH BANK PLC | Full Year Group Results Presentation to Investors & Analysts | Page 37

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