NOTICE OF 62ND ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that the 62nd Annual General Meeting of Sterling Bank Limited will be held at Sterling Towers, 20 Marina, Lagos and virtually on Thursday, the 16th day of May 2024 at 10.00 a.m.

ORDINARY BUSINESS

1. To receive the Audited Financial Statements for the year ended 31^stDecember 2023, the Reports of the Directors and Auditors thereon

2. To declare a Dividend (if any)

3. To re-elect the following Directors retiring by rotation:

• Olatunji Mayaki
• Olusola Oworu

4. To authorize the Directors to fix the remuneration of the Auditors

5. To disclose the remuneration of Managers of the Company in accordance with sections 238 and 257 of the Companies and Allied Matters Act, 2020

SPECIAL BUSINESS:

To consider and if thought fit, pass the following resolution as an ordinary resolution:

6. That the Directors’ Fees for the year ending 31^stDecember 2024 and subsequent years be fixed at N77,600,000 (Seventy-Seven Million, Six Hundred Thousand Naira) for Non- Executive Directors until reviewed by the Company at an Annual General Meeting.

NOTES

PROXY

A member of the Company entitled to attend and vote at the Annual General Meeting is entitled to appoint a proxy to attend and vote in his/her/its stead. A proxy need not be a member of the Company. To be valid, a completed proxy form must be deposited at the office of the Company Secretary, Sterling Bank Ltd, 10^th Floor, Sterling Towers, 20, Marina, Lagos not less than 48 hours before the time of the meeting.

STAMPING OF PROXY

The cost of stamping the instruments of proxy would be borne by the Company.

RE-ELECTION OF DIRECTORS

In accordance with the provisions of the Company’s Articles of Association, the Directors to retire by rotation at the 62^nd  Annual General Meeting are Mr. Olatunji Mayaki and Mrs. Olusola Oworu. The retiring Directors, being eligible, offer themselves for re-election.

The profiles of the Directors retiring by rotation are available on the Company’s website at www.sterling.ng.

BY ORDER OF THE BOARD

TEMITAYO ADEGOKE
Company Secretary
20 Marina,
Lagos