Re Directorate

Guaranty Trust Bank plc

NOTIFICATION OF THE RETIREMENT OF A NON-EXECUTIVE DIRECTOR OF GUARANTY TRUST BANK PLC

Lagos Nigeria - August 1, 2014: We write to notify you of the retirement of Dr. (Mrs.) Stella Okoli as a Non-Executive Director of Guaranty Trust Bank plc ("the Bank") with effect from July 24, 2014.

Dr. (Mrs.) Okoli was appointed to the Board of the Bank in February 2010, and served the Bank meritoriously during her tenure on the Board. Her retirement is in compliance with the provisions of the Code of Corporate Governance of the Bank, which stipulates that Non-Executive Directors shall retire from the Board upon attaining the age of seventy (70) years.

The vacancy created by the retirement of Dr. (Mrs.) Okoli from the Board of the Bank has since been filled by Mr. Hezekiah Adesola Oyinlola.

Please accept the assurances of our highest regards.

Yours faithfully,

GUARANTY TRUST BANK PLC