TRANSNATIONAL CORPORATION PLC

Transnational Corporation Plc (Transcorp Group) was incorporated on November 16, 2004, with the foundational vision of operating as a diversified conglomerate akin to the South Korean chaebols. The company has since evolved into a prominent player in the Nigerian economy, strategically investing in and operating a portfolio of businesses across key sectors. It maintains a diversified shareholder base, demonstrating its commitment to broad participation in its growth. Transcorp Group's core business model revolves around strategic investments and operations in the hospitality, power, and energy sectors, aiming to improve lives and transform Africa. In the hospitality sector, its subsidiary, Transcorp Hotels Plc, owns the iconic Transcorp Hilton Abuja and operates Aura by Transcorp Hotels, a digital platform for accommodations and experiences. The power businesses, including Transcorp Power Plc, which operates the Ughelli Power Plant, and Transafam Power Limited, collectively contribute a significant portion of Nigeria's installed power capacity and participate in the ECOWAS Regional Electricity Market. Furthermore, Transcorp Energy Limited focuses on developing Nigeria's domestic energy value chain through its investments in oil and gas assets like OPL 281. The company primarily serves the Nigerian market and extends its reach to the ECOWAS Regional Electricity Market.