TRANSCORP DELIVERS GAINS FOR ITS SHAREHOLDERS, SHOWS RECORD GROWTH IN 2013 Lagos, 9 December 2013 Transnational Corporation

of Nigeria Plc (Transcorp) on Monday, December 9, 2013 visited the Nigerian Stock Exchange (NSE) for a facts behind the figures presentation to management of the NSE, stockbrokers and analysts. The presentation highlighted the key fundamentals of the Companys business dynamics that has driven its recent impressive performance on the stock market. Transcorps strategy of seeking synergistic investments across the value chain in Nigeria, with the power purchase complementing existing investments in oil and gas, has been welcomed by investors. The Chairman of Transcorp, Tony O. Elumelu, CON, said, Transcorp represents the new Nigeria dynamic, globally competitive, transparent and founded on good governance. We promised our investors that they would reap the rewards of their patience, and now we have built a company that is not only sharing the tangible fruits of our labour, it is also a vehicle for all Nigerians to gain access to the opportunities that our country offers. Transcorps presentation made by the President/CEO, Obinna Ufudo highlighted the companys investments benefiting key sectors across the Nigerian economy. In the power space, Transcorp acquired the 1000MW Ughelli Power Plant in November, after paying a bid price of $300m. In agribusiness, the company is making new investments in food processing through its subsidiary, Teragro, following its recent attainment of global certifications in international safety standards for its juice concentrate products. In the hospitality sector, Transcorp has commenced the refurbishment and expansion of the award-winning Transorp Hilton Hotel, Abuja. In oil and gas, the company expects to see production start on oil block OPL 281 next year. Elumelu further stated: Transcorp is one of the few ways through which institutional investors can obtain diversified access to Nigerias key economic sectors, from power and hospitality to oil and gas and agriculture. Our long term sustainable investment philosophy remains our ability to create value. Speaking at the Exchange, Transcorps CEO, Obinna Ufudo, further stated: We are delighted to be able to come to the Exchange having delivered on our promises. We believe the Transcorp transformation is only the beginning and we look forward to recording further success for our shareholders, stakeholders and staff. We also pay tribute to the critical role our strategic investor, Heirs Holdings has played in catalyzing change." Transcorps performance has been transformed from a loss of N8.88 billion loss in 2007, to a profit after tax (PAT) of N1.257 billion in 2011. This was improved in 2012 with a PAT of N2.527 billion, and by the end of September 2013, Transcorp recorded a profit before tax of N5.1 billion for the first three quarters of the year.

-ENDSAbout Transcorp Transnational Corporation of Nigeria Plc (Transcorp) is a publicly quoted conglomerate with a diversified shareholder base of over 300,000 investors, the most prominent of which is Heirs Holdings Limited, a pan-African proprietary investment company. The Transcorp portfolio comprises strategic investments in the power, hospitality, agribusiness and energy sectors. Our notable businesses include Transcorp Hilton Hotel, Abuja; Transcorp Hotels, Calabar; Teragro Commodities Limited, operator of Teragro Benfruit plant - Nigerias first-of-its-kind juice concentrate plant; Transcorp Ughelli Power Limited and Transcorp Energy Limited, operator of OPL 281. For more information about Transcorp, please visit www.transcorpnigeria.com Contact: Dupe Kupoluyi Olusola Director of Resources Transnational Corporation of Nigeria Plc 38 Glover Road (formerly 22B) Ikoyi, Lagos Tel: +234-1-9033946-50 Email: dolusola@transcorpnigeria.com