The Scheme Document

SCHEME OF ARRANGEMENT FOR THE REORGANISATION OF CAPITAL
(Under Section 106 and 539 of the Companies and Allied Matters Act Cap C20 LFN 2004)

BETWEEN

UNION BANK OF NIGERIA PLC RC 6262

AND

THE HOLDERS OF ITS FULLY PAID ORDINARY SHARES

Incorporating an Explanatory Statement on the Proposed Scheme of Arrangement

In compliance with Section 540 of the Companies & Allied Matters Act, Cap C20, LFN 2004