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NOTES TO THE CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2016 Other employee related disclosures Group Aggregate payroll costs: Wages, salaries and staff welfare Pension costs Gratuity provision Chairman’s and Directors’ remuneration Directors’ remuneration comprises: Fees Emoluments Chairman Highest paid Director ₦ 1 – 3,200,001 – 3,200,000 8,750,000 8,750,001 – 20,000,000 Above 20,000,000 2016 - 31-Dec-15 ₦’million 29,214 931 - 45,691 Group 31-Dec-15 ₦’million 45 440 485 5 208 2016 - - 1 482 30,627 Company Year ended Year ended Year ended Year ended 31-Dec-16 ₦’million 43,399 2,292 31-Dec-16 ₦’million 27,588 1,534 - 29,122 31-Dec-15 ₦’million 22,373 658 482 23,513 Company Year ended Year ended Year ended Year ended 31-Dec-16 ₦’million 49 31-Dec-16 ₦’million 49 589 638 5 304 Number of Directors whose emoluments were within the following ranges: ₦ 2015 1 - 1 12 13 ₦ 2016 - 1 11 13 Permanent employees remunerated at higher rate excluding allowances: ₦ Up to 250,000 250,001 - 500,000 500,001 - 750,001 - 1,000,001 - 1,250,001 - 1,500,001 - 2,000,001 and above 750,000 1,000,000 1,250,000 1,500,000 2,000,000 8,883 3,035 1,381 724 311 120 283 578 2015 9,164 1,787 951 954 251 105 432 645 15,315 14,289 485 453 583 632 5 303 31-Dec-15 ₦’million 45 440 485 5 208 2015 1 - 1 12 11 13 2016 8,058 2,711 1,228 658 259 101 143 259 13,417 307 13 2015 8,482 1,580 853 923 232 93 304 279 12,746 The average number of permanent employees employed during the year excluding Directors was as follows: Management Non-management 13,916 14,401 12,327 12,780 12,610 12,917 302 10,970 11,272 176 Annual Report 2016

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