Result of GTBank's Cash Tender Offer

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON RESIDENT AND/OR LOCATED IN, ANY JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION IS UNLAWFUL

4 October 2017

GUARANTY TRUST BANK PLC CASH TENDER OFFERIN RESPECT OF U.S.$400,000,000 6.000 per cent. Notes due 2018ANNOUNCEMENT OF FINAL RESULTS

On 25 September 2017, Guaranty Trust Bank plc (the "Offeror") invited holders of its U.S.$400,000,000 6.000 per cent. Notes due 2018 (the "Securities") to tender any and all of their Securities for purchase by the Offeror for cash (the "Offer") on the terms of, and subject to the conditions contained in, a tender offer memorandum dated 25 September 2017 (the "Tender Offer Memorandum"). Capitalised terms not otherwise defined in this announcement have the same meaning as assigned to them in the Tender Offer Memorandum.

According to information provided by the Tender Agent for the Offer, U.S.$123,066,000 in aggregate principal amount of the Securities were validly tendered before the Expiration Deadline and not withdrawn. No Securities were tendered through the guaranteed delivery procedures described in the Tender Offer Memorandum. The Settlement Date will be 5 October 2017.

The following table sets forth certain information relating to the results of the Offer.

FURTHER INFORMATION

Lucid Issuer Services Limited has been appointed by the Offeror as tender and information agent in respect of the Securities (the "Tender Agent") for the purposes of the Offer.

Exotix Partners LLP, J.P. Morgan Securities plc and Morgan Stanley & Co. International plc have been appointed as Dealer Managers in connection with the Offer (the "Dealer Managers").

Requests for information in relation to the Offer should be directed to:

DEALER MANAGERS

TENDER AGENT

Lucid Issuer Services LimitedTankerton Works12 Argyle WalkLondon WC1H 8HAUnited Kingdom+44 20 7704 0880Facsimile: +44 20 7067 9098Attention: Paul KammingaEmail: gtb@lucid-is.com

Website: https://portal.lucid-is.com

NOTICE

Subject to applicable law, the Offeror or any of its affiliates may at any time and from time to time following completion of the Offer, purchase remaining outstanding Securities by tender, in the open market, by private agreement or otherwise on such terms and for such consideration and/or at such prices as the Offeror or, if applicable, its affiliates may determine. Such terms, consideration and prices may be more or less favorable than those offered pursuant to the Offer. This announcement must be read in conjunction with the Tender Offer Memorandum.

DISTRIBUTION RESTRICTIONS

This announcement does not constitute an offer or an invitation to purchase securities. The distribution of this announcement in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required by each of the Offeror, the Dealer Managers and the Tender Agent to inform themselves about and to observe any such restrictions.

United Kingdom

This announcement and any other documents or materials relating to the Offer have not been approved by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000 (the "FSMA"). Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents and/or materials is exempt from the restriction on financial promotions under section 21 of the FSMA on the basis that it is only directed at and may only be communicated to (1) those persons who are existing members or creditors of the Offeror or other persons within Article 43 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, and (2) any other persons to whom these documents and/or materials may lawfully be communicated.

This announcement and any other documents or materials relating to the Offer are not addressed to or directed at any other person, including any retail clients within the meaning of the rules, regulations and guidance issued by the Financial Conduct Authority and such other persons should not act or rely upon it.

Belgium

None of this announcement or any other documents or materials relating to the Offer has been submitted to or will be submitted for approval or recognition to the Financial Services and Markets Authority (Autorité des services et marchés financiers / Autoriteit financiële diensten en markten) and, accordingly none of this announcement or any other documents or materials relating to the Offer has been or shall be distributed or made available, directly or indirectly, to any person in Belgium other than "qualified investors" in the sense of Article 10 of the Belgian Law of June 16, 2006 on the public offer of placement instruments and the admission to trading of placement instruments on regulated markets, acting on their own account. This announcement has been issued only for the personal use of the above qualified investors in connection with the Offer. Accordingly, the information contained in this announcement may not be used for any other purpose or disclosed to any other person in Belgium.

France

Neither this announcement nor any other documents or offering materials relating to the Offer, has been or shall be distributed to the public in France and are only being directed to (i) providers of investment services relating to portfolio management for the account of third parties (personnes fournissant le service d'investissement de gestion de portefeuille pour compte de tiers) and/or (ii) qualified investors (investisseurs qualifiés), other than individuals, all as defined in, and in accordance with, Articles L.411-1, L.411-2 and D.411-1 of the French Code monétaire et financier, are eligible to participate in the Offer.

Italy

This announcement or any other documents or materials relating to the Offer have not been and will not be submitted to the clearance procedure of the Commissione Nazionale per le Società e la Borsa ("CONSOB"), pursuant to applicable Italian laws and regulations and are directed only to Holders or beneficial owners of the Securities in compliance with applicable laws and regulations or with requirements imposed by CONSOB or any other Italian authority.

Nigeria

None of this Announcement or any other documents or materials relating to the Offer has been or shall be distributed to the public in the Federal Republic of Nigeria ("Nigeria") and such documents and materials are directed only to Holders in Nigeria or their representatives who are eligible to participate in the Offer. This Announcement has not been, and will not be, submitted for clearance to nor approved by the Securities and Exchange Commission of Nigeria.

Switzerland

None of this announcement or any other document or material relating to the Offer constitutes a prospectus pursuant to Article 652a or Article 1156 of the Swiss Federal Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange Ltd. or any other regulated trading facility in Switzerland.

This announcement is made by:

Guaranty Trust Bank PlcPlot 635Akin Adesola StreetVictoria Island, LagosNigeria

This announcement is made by Miriam Olusanya, Head, Wholesale Banking Division and Lara Ogunlaja, Head, Corporate Finance Group, on behalf of Guaranty Trust Bank Plc and constitutes a public disclosure of inside information under Regulation (EU) 596/2014 (16 April 2014).