DANGOTE CEMENT – CP

Dear Investor,

Following the successful issuance of N50 billion in series 1 & 2 Commercial Paper (“CP”), Dangote Cement Plc (“DCP” or the “Company”) is looking to issue Series 3 & 4 CP under the company’s N150 billion CP Programme.

As you may be aware, DCP is a leading sub-Saharan Africa building materials company, which operates several factories across 10 countries in Africa (including Nigeria and South Africa). The Company’s debut series 1 & 2 issuance so far represents the largest corporate CP issuance in the domestic market to date, recording a subscription level of 112%, and wide-spread participation from 17 (out of 21 licensed) pension funds and 15 non-pension funds in Nigeria, amongst other investors.