Fiducia Active Income Term Sheet Portfolio Type Fixed rate of return instrument; Short-term structured notes Investment Objective Capital preservation; Income Description Custodian Bank This portfolio offers investors with an interest in the short-term structured notes of select companies with good credit quality, operating in the telecommunication industry. Investors will earn a fixed rate of return out of income realized by these companies and underlying assets will be held by the Custodian. Nigerian companies or International companies with operations domiciled in Nigeria This investment opportunity is intended, only for privately solicited discerning investors seeking to achieve relatively high yields and who are conversant with risk and return considerations associated with investing. This portfolio aims to achieve its objectives by purchasing short term notes issued by select companies. These notes qualify to be of high credit quality based on the structure of the transaction and/or financial condition of the issuer. The portfolio manager adopts robust due diligence checks and practices in reviewing the obligor to mitigate operational risks. 20% - 100% in money market instruments; 0% - 80% in structured notes; when fully invested the portfolio may attain 100% The portfolio benchmark is the 91 days treasury bill offer rate1 16% (91 days treasury bill offer rate +5.50%) Short-term notes must have an internally computed credit quality score equivalent to a minimum of BBB(ng)/Low to Medium Stanbic IBTC Bank Plc2 Current Note Series One (1) Open/Close Dates 22 April 2015 – 29 April 2015 Commencement Date 1st May, 2015 Tenor 120 days Lock In Period Investment funds are locked in for a minimum period of 90 days Redemption T + 30 days after the lock in period Currency Nigerian Naira (NGN) Minimum Investment N5,000,0003 (Five Million Naira) up to a maximum of N15,000,000 (Fifteen Investment Geography Investor Profile Portfolio Strategy Asset Allocation Performance Benchmark Fixed Rate of Return Credit Quality/Risk Profile Million Naira) 1 Portfolio Manager Fiducia Capital Investment Advisers Limited4 Disclaimer These terms and the information set out in this document are not required to be and have not been filed with or cleared by the Nigerian Securities and Exchange Commission. The Notes have not been and will not be registered with the SEC and are not being offered or sold to the public. Prospective investors of the Notes described in this document should therefore ensure they understand fully the nature of the Notes and the investment considerations before investing in the Notes. If you are in any doubt about your position or action to be taken, we recommend that you consult your own professional adviser Source: www.cenbank.org. For reference as at 8 April 2015 the 91 days Treasury Bill Offer Rate was 10.50% Portfolio investments are ring-fenced under a SAFE CUSTODY AGREEMENT executed between Fiducia Capital Investment Advisers Limited and Stanbic IBTC Bank Plc Fiducia Capital reserves the right to review the minimum investment amount and refuse additional investments, per series 4 Fiducia Capital Investment Advisers Limited is registered by the Securities & Exchange Commission “SEC” as a Fund/Portfolio Manager and by the FMDQ OTC (a fixed income securities exchange regulated by the SEC) as a Registration Member (Quotations); No. 8 Office Apartments (3rd & 4th floors), Rasheed Alaba Williams Street, Lekki Phase I, Lagos; Tel: +234 1 295 7760; email: [email protected]; www.fiduciacapital.net 2 3