Corporate Profile

July 2020

1

2

Content

FMDQ Group Corporate Overview1.

Corporate Statements

FMDQ’s Strategic Role

Our Business Services

2.

3.

4.

5.

Group Franchise Objectives

Collaborative Relationships

FMDQ’s Milestones & Footprints

Our Sustainability Agenda

7.

8.

6.

Leadership9.

3

NSE Consult

6%

BanksCBN 66%

FMDA

FMDQ Group

12%

16%

Corporate OverviewFMDQ Holdings PLC (FMDQ Group or FMDQ), is Africa’s first verticallyintegrated financial market infrastructure (FMI) group, strategicallypositioned to provide seamless trading, clearing, settlement, riskmanagement, and depository of financial market transactions, as well asdata and information services, across the debt capital, foreign exchange,derivatives and equity markets, through its wholly owned subsidiaries –FMDQ Securities Exchange Limited, FMDQ Clear Limited, FMDQDepository Limited, FMDQ Private Markets Limited and iQx Consult Limited.

OTC - Over-the-counter; CBN – Central Bank of Nigeria; FMDA – Financial Markets Dealers Association; NSE – The Nigerian Stock Exchange; SEC – Securities and Exchange Commission, Nigeria

FMDQ Exchange

FMDQGroup

100%

FMDQ Exchange,registered by SEC as anOTC Market (2012), andas a Securities Exchange(2019), focuses onorganising the financialmarkets and creating aplatform for theregistration, listing,quotation, trading andreporting of securities andfinancial products.

FMDQ Clear, the onlycentral clearing housein Nigeria, wasregistered by SEC inNovember 2017, tofunction as a clearingand settlementcompany in theNigerian capital market,and is positioned todeliver centralcounterparty services.

FMDQ Clear

FMDQGroup

100%

FMDQ Depository wasregistered by the SECin May 2019 and ispositioned to functionas a centralinfrastructure forsettlement andservicing of financialinstruments traded,thereby reducingoperational risk andimproving efficiency.

FMDQGroup

FMDQ Depository

100%

FMDQ Private Markets,incorporated inFebruary 2020, is anorganised hub whereprivate companies,including largecorporates and small-and medium-sizedenterprises, can raisedebt and equity capitalin the Nigerian capitalmarket.

FMDQ Private Markets

FMDQGroup

100%

iQx Consult

FMDQGroup

100%

iQx Consult,incorporated inAugust 2017, is abusiness andcorporate solutionsvehicle, with afocus ontechnologyinnovationsenabling FMDQ’smarkets andbusinesses thrive.

Chart1

Banks

CBN

FMDA

NSE Consult

Ownership Structure

66

15.6

12.3

6.5

Sheet1

Ownership Structure

Banks66

CBN15.6

FMDA12.3

NSE Consult6.5

4

Franchise ObjectivesEfficient platform for theregistration, listing,quotation, noting*, tradingand reporting of securitiesacross all product lines – fixedincome, foreign exchange,derivatives, funds, equities,Islamic finance, etc.

World-class Central Clearing House(CCH), with robust risk waterfallsupported by settlementguarantee fund, and stronggovernance & risk frameworks toclear products in the cash, reposand derivatives markets, positionedto integrate Central Counterparty(CCP) services in the near future.

As a vertically integrated FMI Group, FMDQ operates the largest Exchange in Nigeria focused on fixedincome, currencies and derivatives with an average annual market turnover of circa $643 billion over thelast six (6) years, as well as the only Central Clearing House, and one of the Depositories in the country.

Execute STP STP

*Via FMDQ Private MarketsSTP – Straight-through-Processing

Financial market infrastructures (FMIs)with settlement systems that ensurefinality, certainty and irrevocabilityof settlement across all products tradedand cleared on FMDQ’s platform, aswell as depository services formitigation against operational risksassociated with maintaining financialinstruments.

ClearCCH CCP

Settle

FMDQ Exchange FMDQ Clear FMDQ ClearFMDQ Depository

5

FMDQ’s business models are product innovation and operational excellence driven by its “GOLD” Agenda

Our VISION Our CORE VALUES

Our MISSION

To be the leading Africanbuilder of ecosystems offinancial infrastructure andservices for markets.

We collaborate toempower markets foreconomic progresstowards deliveringprosperity.

Global Competitiveness

Operational Excellence Liquidity Diversity

Corporate StatementsFMDQ Group was established on the foundations of strong governance and principled values that areevident in a culture of excellence, integrity and a strong collaborative disposition.

Teamwork and Collaboration

Value-Adding

Integrity

Innovation

FMDQ Group

6

Integrating issuers, sell-side, buy-side,retail investors and all end-users

Promoting transparency, liquidity,market efficiency and market conduct

Minimising credit and operational risks

Facilitating market education

Market Organiser

OrganisedMarkets

Post-trade Services

Housing and Infrastructure Capital

Championing innovative measuresand frameworks to enhancegovernment revenue, access tocapital and financial markets

Advocating global best practices

Promoting innovative private sector-ledsolutions to the nation’s housingchallenge

Projecting the debt capital market asthe key source of finance forinfrastructure development

Catalyst for Infrastructure Capital Financial Markets Diplomat

Adviser to Government & Regulators

Promoting Nigeria as the investmentdestination in Africa

Disseminating unbiased financialmarkets information

Sustainable Finance

Advocacy Advisory

IntegrationWith ExternalMarkets

Foreign Capital

Sustainability

FMDQ’s Strategic Role in the Ecosystem

7

Business ServicesFMDQ Group provides a range of business services in fulfilment of its market development, organiserand governance mandates, whilst addressing the needs and adding value to its diverse stakeholdergroups.

With a strategic mandate to transform the Nigerian financial markets, FMDQ Group has championedthe introduction of several innovative market development initiatives to the Nigerian financial markets.

Collateral Management

Registrations, Listings & Quotations

Clearing & Settlement

Market Connectivity

Data & Information Memberships

Market Governance & Regulation

Asset Servicing

Private Companies’

Bonds Noting

8

Collaborative Relationships…

Sustainable Finance

LegendMarket DevelopmentMedia

HousingFinancial Market Risk Management

9

2013 2015 2016 201720122011 2014

SEC Approval of FMDQ Exchange Bond Listing &

Quotation Rules

Release of FMDQ Exchange CP

Quotation Rules & Process

Licencing of Dealing Member

(Banks)

FMDQ Exchange Incorporated

FMDQ Exchange Registered

by SEC

Introduction of FMDQ Exchange’s

Flagship Daily Quotations List

Launch of FMDQ

Commencement of Listing of FGN & Corporate Bonds

Commencement of Quotation of

Nigerian Treasury Bills &

CPs

Admission to ASEA

and ICMA

NIBOR Reform

Attained Affiliate Exchange of

the WFE

Wins BusinessDay 2017 Award for Most

Innovative in the Financial Market

Pioneer Listing of FGN

Eurobond on FMDQ Exchange

SEC Approval of FMDQ Exchange

Sukuk Listing Rules

SEC Approval of STB Rules & Process

Launch of Naira-settled OTC FX Futures Market

Launch of FMDQ

Academy

FMDQ Exchange

Partners with PenCom towards

Improved Governance

Launch of

DCMD Project

MOU Execution with NMRC

FMDQ Clear

Registered by SEC

SEC – Securities and Exchange Commission; WFE – World Federation of Exchanges; ASEA: African Securities Exchanges Association; ICMA: International Capital Markets Association; FGN – Federal Government of Nigeria; MOU – Memorandum of Understanding; NIBOR – Nigerian Inter-bank Offered Rate; DCMD –Debt Capital Markets Development; CP – Commercial Papers; STB – Short Term Bonds; S4 – Scripless Securities Settlement SystemPenCom – National Pension Commission; NMRC – Nigeria Mortgage Refinance Company ;OTC – Over-the-Counter; FX – Foreign Exchange; IOSCO – International Organisation of Securities Commissions, ISDA – International Swaps and Derivatives Association; FC4S – Financial Centre for Sustainability

Launch of FMDQ Exchange Price Ticker Tape on Channels TV

Launch of Private Companies’

Bonds Noting Service

2018

Operationalisation of FMDQ Clear

Launch of Nigerian Green Bond Market

Development Programme

Q-ex/S4 integration

Go-Live

Launch of the FMDQ New Building -

Exchange Place

Admitted as an Affiliate Member

of IOSCO

Launch of FMDQ-Next -flagship Corporate

Responsibility Programme

British Prime

Minister visits FMDQ

FMDQ’s 1st Lustrum

Maiden FMDQGOLD Awards

2019

FMDQ’s Milestones

Admission to ISDA

Incorporation of FMDQ

Depository Limited

Listing of first

CorporateGreen Bond

FMDQ DepositoryRegistered

by SEC

Appointment as the FC4S Lagos Secretariat

Operationalisation of FMDQ

Depository

Nigerian Capital Markets

Conference & GOLD Awards

Launch of FC4S Lagos

10

FMDQ’s Milestones…/2FMDQ’s Milestones

2020

Reorganisation of FMDQ into a Holding Company Structure –FMDQ Holdings PLC, Comprising: FMDQ Securities Exchange Limited FMDQ Clear Limited FMDQ Depository Limited FMDQ Private Markets Limited

FMDQ Exchange Receives Statementof Compliance to IOSCO’s Principlesfor Financial Benchmarks AFEX Commodities Exchange

and FMDQ Sign MoU to Promote Product Innovation for Nigeria’s Capital Market

CBN and FMDQ IntroduceLong-Dated OTC FX FuturesContracts for up to 5 Years

9th Nigerian Senate Committeeon Capital Market Visits FMDQ

Admission of the Largest Corporate Bond and Largest Commercial Papers on FMDQ Exchange and Depository:

₦100.00bn Dangote Cement PLC Bond; & ₦100.00bn MTN Nigeria Communications

PLC Commercial Paper

IOSCO – International Organisation of Securities Commissions MoU – Memorandum of Understanding

11

₦233 trillion ($643 billion)

59 Bonds/Sukuk (excl. Eurobonds) valued at over

₦1.17 trillion ($3.00 billion)

36 Registered CommercialPaper Programmes,

valued at over

₦2.68 trillion($6.90 billion)

226 Quoted Commercial Papersvalued at

₦1.83 trillion($4.70 billion)

Over 420 Listed/Quoted Federal Government of Nigeria Debt Securities valued at about

₦73.39 trillion($262.69 billion)

Global Standards

Benchmarks: Nigerian Autonomous Foreign Exchange Fixing (NAFEX)

Nigerian Inter-bank Offered Rate (NIBOR)

Nigerian Inter-bank Treasury Bills’ True Yield Fixing (NITTY)

African Securities Exchanges Association (Full Member) World Federation of Exchanges (Affiliate) International Organisation of Securities Commissions (Affiliate Member) International Capital Markets Association (Member) International Swaps and Derivatives Association (Associate Member)

Over

$47 billionOTC FX Futures Traded(circa $35 billion settled)

Circa

193 Membersacross the Nigerian financial marketaverage annual market turnover

FMDQ’s Footprints

Figures as at June 30, 2020

12

Sustainability Pillars

Our People

Carbon Footprint Reduction

Waste Management/Recycling

Renewable Energy

Our EnvironmentOur Community

Financial market education and empowerment for our next generation

Corporate Philanthropy

Employee Volunteering

Our Markets

Employee Engagement

Diversity & Inclusion

Health & Safety

Learning & Development

FMDQ Club

Environmental, Social, and Governance (ESG) Disclosure & Reporting

Sustainable financial products & services

Sustainability Partnerships

Our Business

Sustainable economic growth and job creation

Ethics & Governance

Stakeholder Engagement

As a responsible citizen, with a global outlook that imbibes best practices, a healthy work culture and an ethicalvalue system, FMDQ Group is committed to the triple bottom line of Economic, Social and EnvironmentalManagement, guided by our five (5) main Sustainability Pillars.

13

Corporate Responsibility and Diversity & Inclusiveness

Orphanages

03

01

Youth Rehabilitation

Centres

Special NeedsCentres

Homes for the Elderly

04

02

As a responsible corporate entity, FMDQ Group prides itself as an organisation that cares about the mostvulnerable in society and one that continues to promote diversity and inclusiveness in the work place.

Funds are raised via: Auctions organised on all gifts

received by employees Receipt of honorariums from

FMDQ Management forparticipation in externalengagements/support

Gender Diversity12%

88%

Staff Ethnic Diversity

FMDQ Staff CSRThe FMDQ Staff CSR Initiative focuses on following four (4)

categories

Group Board

Men Women

Staff Strength – 110

\

South West - 52%

South South - 19% South East - 23%

North East - 0%

North Central - 6%

North West - 0%

62%

Franchise Leadership

All Staff

Business Executives

56%

44%

67%

As at June 30, 2020

33% 38%

14

FMDQ Next Generation Financial Market Empowerment Programme (FMDQ-Next) is alearning and development initiative aimed at providing financial markets education andpromoting financial literacy among the youth in Nigeria, thereby empowering the next generation ofNigerians to be financially astute, ultimately adding value to the society.

Programme Overview

FMDQ’s Flagship Corporate Responsibility Programme

Primary SecondaryUniversityFresh Graduates

Students

Target Audience

Initiatives

Teach-a-Class Financial markets education sessions, trading simulation & apps

Adopt-a-SchoolConducive learning environment for financial markets education

Excursion & ToursLocal and international visits to financial markets institutions

Finance ClubsInteractive games, quizzes and competitions

An understanding of the value of money, personalfinance and strategies to create and managewealth

Opportunities to learn directly and interact withfinancial markets participants

Ability to trade different instruments/securities inthe financial markets

Extensive exposure to the workings of the financialmarkets and global market trends

Key Programme Benefits

15

FMDQ Group, led by a strong Management team, and supported by dedicated employees with a wide arrayof talents, experiences and expertise, is positioned to becoming a High Performance Organisation (HPO).

Bola Onadele. KokoChief Executive Officer FMDQ Group

Tumi SekoniManaging DirectorFMDQ Exchange

Kaodi UgojiGroup Chief Operating OfficerFMDQ Group

Leadership

Ayodele Onawunmi Ag. Managing DirectorFMDQ Clear

Executive Committee

16

Leadership../2

Adaze Uzor-KaluHead, External RelationsFMDQ Group

Efe ShaireHead, Business InnovationFMDQ Group

Dipo OmotosoHead, Information Services FMDQ Exchange

Funlola AkintondeHead, Human Resources FMDQ Group

Jumoke OlaniyanHead, Market Architecture FMDQ Exchange

Tayo BakareHead, Depository OperationsFMDQ Depository

Rotimi AdebiyiHead, Depository Services FMDQ Depository

Shola OlufosoyeHead, IT OperationsiQx Consult

Emmanuel AlaoChief Operating OfficerFMDQ Depository

Leke AdekoyaAg. Managing DirectoriQx Consult

Ebenezer NwojiAg. Head, Market OversightFMDQ Exchange

Business Executives

Oye OnwukaAg. Managing DirectorFMDQ Private Markets

Yemi OsinubiHead, Private CapitalFMDQ Private Markets

Thank you for your attention!

A n I n t e g r a t e d F i n a n c i a l M a r k e t I n f r a s t r u c t u r e G r o u p

Slide Number 1Slide Number 2Slide Number 3Slide Number 4Slide Number 5Slide Number 6Slide Number 7Slide Number 8Slide Number 9Slide Number 10Slide Number 11Slide Number 12Slide Number 13Slide Number 14Slide Number 15Slide Number 16Slide Number 17Slide Number 18