Director Declaration

August 15, 2018, Lagos, Nigeria

APPOINTMENT OF MR. IDRIS MOHAMMED AS A NON-EXECUTIVE DIRECTOR OF DIAMOND BANK PLC

We refer to the above subject.

We write to formally notify the Exchange that the Board of Directors of Diamond Bank Plc, has appointed Mr. Idris Mohammed as a Non-Executive Director and the approval of the Central Bank of Nigeria (CBN) for the appointment has been granted, effective August 13, 2018.

Mr. Idris Mohammed

Mr. Mohammed holds a B.Sc. degree in Industrial Engineering from Lehigh University, Bethlehem, PA. and an M.B.A. degree in Finance and Strategic Management from The Wharton School of the University of Pennsylvania, U.S.A. Mr. Mohammed has over 27 years of experience in private equity investing, corporate finance and banking, spanning both the U.S. A. and Africa.

He was appointed Managing Director of Carlyle Sub-Saharan Africa Fund at The Carlyle Group L.P. in October 2017. At the firm, he focuses on West and North Africa. Mr. Mohammed was previously a Partner at Development Partners International, a leading Africa-focused private equity investment firm. Prior to that, Mr. Mohammed served as a Vice President of WPA, Inc. He also served as a Vice President in the Special Situations Group at Goldman Sachs, where he focused on making principal investments in the energy, power and infrastructure sectors. He began his career in finance in 1992 at CoreStates Financial Corp (now Wells Fargo and Company) in the asset management business. He also held positions in treasury and asset/liability management.

Mr. Mohammed has served on the Board of several Companies, amongst which are Letshego Holdings Limited and AXA Mansard Insurance Plc/Mansard Insurance Plc.

We request that you kindly update your records accordingly.

Dated this 15th day of August 2018.

Yours faithfully,

For: DIAMOND BANK PLC

Uzoma Uja

Company Secretary/Legal Adviser