This Private Placement Memorandum is confidential and has been prepared by Daylight Microfinance Bank Limited (The “Company”) on the basis of information provided by the Company. The Memorandum is for the purpose of providing information to a selected group of potential investors on the Company in connection with the issuance of 500,000,000 (Five hundred million) ordinary shares of one naira each at N1.20 per share by way of Private Placement.

The Memorandum includes certain statements, financial estimates and projections with respect to the future performance of the Company. These statements, estimates and projections reflect various assumptions by the Company concerning anticipated results, which have been included solely for illustrative purposes. These statements, estimates and projections should not, however, be relied upon as a representation, warranty or undertaking, expressed or implied, herein and/or the assumptions on which such statements, estimates and projections were based.

This Memorandum contains confidential information about the Company and is intended mainly for the purpose of providing information to a selected list of potential investors to whom it is addressed. It is not a prospectus and does not constitute an offer or invitation to the general public to subscribe to any issue. It is intended solely for the information of the Addressee on the covering letter.

The Securities and Exchange Commission has not registered the security described herein. No application has been made to the Council of The Nigeria Stock Exchange for admission of the ordinary shares to its Daily Official List.

The Directors of “Daylight Microfinance Bank Limited” accept full responsibility for the information contained in this memorandum. Daylight Microfinance Bank Limited has taken all reasonable care to ensure that the information given herein are true and accurate in all material respects, and that there are no material facts, the omission of which would make any statement herein misleading whether of fact or opinion. Officials of Daylight Microfinance Bank will be pleased to provide additional information or clarification if needed.