Guinness Nigeria, the nation’s leading Nigeria, the nation’s leading brewer, has announced that it will be brewer, has announced that it will be establishing a N10 billion Commercial establishing a N10 billion Commercial Paper (“CP”) programme with the view to launching its inaugural CP issue to launching its inaugural CP issue under the programme on or before under the programme on or before Friday, 8th May 2015. The Friday, 8th May 2015. The announcement was made at the announcement was made at the signing ceremony which held at the signing ceremony which held at the company’s headquarters in Ikeja, company’s headquarters in Ikeja, Lagos. Lagos.

Speaking at the signing ceremony, Mr. Speaking at the signing ceremony, Mr. John O’Keeffe, the Managing Director/John O’Keeffe, the Managing Director/CEO of Guinness Nigeria, commented: CEO of Guinness Nigeria, commented:

“We are very pleased with the “We are very pleased with the successful launch of this Commercial successful launch of this Commercial Paper programme for Guinness Nigeria Paper programme for Guinness Nigeria Plc and the support received from our Plc and the support received from our advisors to get us to this point. This advisors to get us to this point. This will be the first corporate CP will be the first corporate CP programme to be established in recent programme to be established in recent times, following the new CBN times, following the new CBN guidelines coming into effect, and we guidelines coming into effect, and we are pleased to be the first company to are pleased to be the first company to take advantage of this opportunity. We take advantage of this opportunity. We look forward to a robust uptake of this look forward to a robust uptake of this inaugural issuance imminently, whilst inaugural issuance imminently, whilst retaining the flexibility offered by the retaining the flexibility offered by the programme to tap into the CP market programme to tap into the CP market again in the nearest future.”