Issue of Debt

Not for distribution, directly or indirectly, in or into the United States, Australia, Canada, Japan, Nigeria or any other jurisdiction where to do so would be unlawful.

Diamond Bank Plc (B/B) has mandated Citi to arrange a series of fixed-income investor meetings in the US and Europe, commencing on the 7 May 2014. A 144A/RegS senior unsecured USD transaction may follow, subject to market conditions. Diamond Bank Plc is Nigeria's sixth largest bank by total assets, it is listed on the Nigerian Stock Exchange and has GDRs listed on the London Stock Exchange. FCA/ICMA stabilisation applies.

Diamond Bank Plc also released its reviewed results as at and for the quarter ended 31 March 2014, which information is available on the Bank's website at www.diamondbank.com. .

The information contained herein is not for release, directly or indirectly, in or into the United States of America, Australia, Canada, Nigeria or Japan. This document (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States, Australia, Canada or Japan or any other jurisdiction where such an offer or solicitation would be unlawful. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("Securities Act"), and may not be offered or sold in the United States or to "U.S. persons" unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.

This communication is being distributed only to and is directed only at (a) persons outside the United Kingdom, (b) persons who have professional experience in matters relating to investments, i.e., investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended ("Order"), and (c) high net worth companies, unincorporated associations and other bodies to whom it may otherwise lawfully be communicated in accordance with Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). The securities are available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be available only to or will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this communication or any of its contents.

A rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time by the assigning rating organization. Similar ratings for different types of issuers and on different types of notes do not necessarily mean the same thing. The significance of each rating should be analysed independently from any other rating.

This document (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, within Nigeria. The securities referred to herein have not been, and will not be, registered with the Nigerian Securities and Exchange Commission or under the Nigerian Investment and Securities Act, No. 29 of 2007 (the "ISA"). This document is, therefore, not an offering circular or an invitation to the public within the meaning of the ISA and may not be utilised in connection with any offering of securities to the public within Nigeria. Accordingly, this document is not directed to any persons within Nigeria.

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