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Africa Finance Corporation not in consortium for acquisition of Union Bank

Disclaimer and Cautionary Statement

Information relating to the acquisition of Union Bank Plc, reported in the 7 March, 2011 edition of Business Day, included Africa Finance Corporation (AFC) in the Capital Alliance consortium comprising Keffi Capital and Nick Rohatyn Group. This information is incorrect (or erroneous). AFC has not at any stage been a member of the Capital Alliance consortium nor is it a bidder for acquisition of Union Bank Plc or any other bank in Nigeria.