UPDC RIGHTS ISSUE

UACN Property Development Company Plc Rights Issue of 15,961,574,145 Ordinary Shares of 50 kobo each at N=1.00 per Share on the basis of 43 new Ordinary Shares for every 7 Ordinary Shares held as at the close of business on Monday, 30 September 2019.

The rights being offered in this Rights Circular are tradable on the floor of The Nigerian Stock Exchange for the duration of the Acceptance period of the Issue.