Chapel Hill Advisory Partners Limited is acting as Financial Adviser to Custodian & Allied Insurance Plc (“Custodian”) on the first Share Buy-back Programme (“Programme”) in Nigeria.

This Programme is the first to be approved under the Securities & Exchange Commission’s new Rules and Regulations, released in September 2008. Custodian secured all shareholder and regulatory approvals in 2009, to acquire up to 5% of its issued shares.

Mr. Wole Oshin, Managing Director of Custodian stated that “Undertaking this Programme reaffirms our confidence in the long-term potential of Custodian and enables us provide liquidity to some of our shareholders.”

‘Bolaji Balogun, Group CEO of Chapel Hill Denham said “Our firm is delighted to be pioneering another ground breaking initiative, which we believe will impact the restoration of investor confidence in the Nigerian Capital Markets.”

Custodian & Allied Insurance Plc is one of the fastest growing general insurance companies in Nigeria and is listed on the Nigerian Stock Exchange.

Chapel Hill Advisory Partners Limited is the investment banking business of the Chapel Hill Denham Group, the leading independent investment banking firm in Nigeria. The Group is headquartered in Lagos, Nigeria, and has offices in Abuja. Chapel Hill Advisory Partners Limited is registered by the Securities and Exchange Commission as an Issuing House and Market Maker.