Zenith Regulatory News (ZENB)

NAME OF COMPANY: ZENITH BANK PLC AND ITS SUBSIDIARIES

DATE: 22 APRIL 2013

PERIOD: 31 MARCH 2013

Statement of Comprehensive Income

Turnover/Revenue Unaudited 31/03/2013 (N'm) 86,977 Unaudited 31/03/2012 (N'm) 72,352 Interest and similar incomes Unaudited 31/03/2013 (N'm) 65,534 Unaudited 31/03/2012(N'm) 52,826 Interest and similar expense Unaudited 31/03/2013 (N'm) (19,924) (N'm) Unaudited 31/03/2012(N'm) (14,568) Impairment for credit losses Unaudited 31/03/2013 (N'm) (1,535) Unaudited 31/03/2012(N'm) (1,211) Fees and Commission income Unaudited 31/03/2013 (N'm) 12,572 Unaudited 31/03/2012(N'm) 10,848 Net gains on financial instruments measured at fair value through profit or loss Unaudited 31/03/2013 (N'm) 5,088 Unaudited 31/03/2012(N'm) 2,972 Other Operating Income Unaudited 12 (N'm) 153 Unaudited 31/03/2012(N'm) 7 Amortisation of intangibles Unaudited 31/03/2013 (N'm) (215) Unaudited 31/03/2012(N'm) (107) Operating Expenses Unaudited 31/03/2013 (N'm) (33,700) Unaudited 31/03/2012(N'm) (29,590) Profit before Tax Unaudited 31/03/2013 (N'm) 28,877 Unaudited 31/03/2012 (N'm) 23,012 Taxation Unaudited 31/03/2013 (N'm) (5,469) Unaudited 31/03/2012(N'm) (3,786) Profit after Tax Unaudited 31/03/2013 (N'm) 23,408 Unaudited 31/03/2012(N'm) 19,226 Earnings Per Share (K) Unaudited 31/03/2013 74 k Unaudited 31/03/2012 61 k Earnings per Share (k) Diluted Unaudited 31/03/2013 74 k Unaudited 31/03/2012 61 k

Statement of Financial Position

Property, Plant & Equipment Unaudited 31/03/2013 (N'm) 69,506 Unaudited 31/03/2012 (N'm) 69,143 Intangible Assets Unaudited 31/03/2013 (N'm) 1,309 Unaudited 31/03/2012 (N'm) 1,240 Loans and Advances Unaudited 31/03/2013 (N'm) 1,099,327 Unaudited 31/03/2012(N'm) 909,466 Investment Securities Unaudited 31/03/2013 (N'm) 261,518 Unaudited 31/03/2012(N'm) 293,902 Investment in associates Unaudited 31/03/2013 (N'm) 419 Unaudited 31/03/2012(N'm) 1,822 Deferred Tax assets Unaudited 31/03/2013 (N'm) 87 Unaudited 31/03/2012(N'm) 100 Cash and balances with central banks Unaudited 31/03/2013 (N'm) 317,003 Unaudited 31/03/2012(N'm) 173,294 Treasury bills Unaudited 31/03/2013 (N'm) 727,990 Unaudited 31/03/2012 (N'm) 534,523 Due from other banks Unaudited 31/03/2013 (N'm) 205,751 Unaudited 31/03/2012 (N'm) 274,473 Other Assets Unaudited 31/03/2013 (N'm) 54,405 (N'm) Unaudited 31/03/2012(N'm) 35,848 Assets classified as held for sale Unaudited 31/03/2013 (N'm) 34,113 Unaudited 31/03/2012(N'm) 60,163 Investment Property Unaudited 31/03/2013 (N'm) NIL Unaudited 31/03/2012(N'm) 7,404 (N'm) Total Assets Unaudited 31/03/2013 (N'm) 2,771,428 Unaudited 31/03/2012(N'm) 2,361,378 Customers' Deposits Unaudited 31/03/2013 (N'm) 1,994,650 Unaudited 31/03/2012(N'm) 1,670,856 Current Tax Liabilities Unaudited 31/03/2013 (N'm) 11,152 Unaudited 31/03/2012(N'm) 10,015 Other Liabilities Unaudited 31/03/2013 (N'm) 175,509 Unaudited 31/03/2012(N'm) 164,313 On-lending Facilities Unaudited 31/03/2013 (N'm) 62,111 Unaudited 31/03/2012(N'm) 53,427 Long term Borrowings Unaudited 31/03/2013 (N'm) 22,117 Unaudited 31/03/2012(N'm) 18,773 Deferred Tax Liabilities Unaudited 31/03/2013 (N'm) 5,584 Unaudited 31/03/2012(N'm) 5,963 Liabilities classified as held for sale Unaudited 31/03/2013 (N'm) 14,080 Unaudited 31/03/2012(N'm) 40,201 Total Liabilities Unaudited 31/03/2013 (N'm) 2,285,203 Unaudited 31/03/2012(N'm) 1,963,548 Net Assets Unaudited 31/03/2013 (N'm) 486,225 Unaudited 31/03/2012(N'm) 397,830

Statement of Cash Flows

Cash Flow From Operating Activities 31/03/2013 Unaudited (N'm) (12,658) 31/03/2012 Unaudited (12,048) (N'm) Operating Cash Flow Changes: Working Capital Changes Unaudited 31/03/2013 (N'm) (42,766) Unaudited 31/03/2012(N'm) (127,895) Net Cash Generated from Operating Activities Unaudited 31/03/2013 (N'm) (8,886) Unaudited 31/03/2012(N'm) (108,406) Cash Flow Investing Activities Unaudited 31/03/2013 (N'm) (2,709) Unaudited 31/03/2012(N'm) 91,729 Cash Flow From Financing Activities Unaudited 31/03/2013 (N'm) 13,024 Unaudited 31/03/2012(N'm) (1,833) Net Increase/Decrease Cash and Cash Equivalent Unaudited 31/03/2013 (N'm) 1,429 Unaudited 31/03/2012(N'm) (18,510) Cash and Cash Equivalent Beginning of the Year Unaudited 31/03/2013 (N'm) 614,817 Unaudited 31/03/2012(N'm) 551,332 Cash and Cash Equivalent at End of the Year Unaudited 31/03/2013 (N'm) 614,125 Unaudited 31/03/2012(N'm) 535,310

Corporate Actions

Proposed Dividend(N'm) -

Proposed Bonus -

Qualification Date -

Closure Date -

AGM Date -

Note: Please clearly indicate if the figure against each variable is in million ((N'm)) or billion ((N'b))