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REPORT OF THE DIRECTORS Having considered all the matters brought before the Board during the financial year under review, the Directors are satisfied that the Annual Report represents a fair, balanced and realistic view of events. The Corporate Governance Report, which forms part of this report, highlights our governance system and culture which are in line with international best practice. Directors’ responsibilities In accordance with the provisions of Sections 334 and 335 of the Companies and Allied Matters Act, CAP C20 LFN 2004, the Company’s Directors are responsible for the preparation of financial statements that give a true and fair view of the state of affairs of the Company as at the end of the financial year and of its results for that period. Mahmud Kazaure Group Chief Legal Counsel & Company Secretary The Directors are satisfied that the 2016 Annual Report represents a fair, balanced and realistic view of events. It is with pleasure that the Board of Directors of Dangote Cement present the Annual Report and Accounts of the Company for the year ended 31st December, 2016. The Directors’ responsibilities are outlined below: 1. The Board is charged with ensuring that appropriate values, ethics and behaviours for the conduct of the Company are agreed and that appropriate procedures and policies are in place to ensure that these are implemented effectively. The Board ensures leadership through effective oversight and review. Supported by its principal committees, the Board sets the strategic direction and aims to deliver a sustainable increase in shareholder value over the longer term. 2. It ensures that proper accounting records are maintained, that accounting policies are used and consistently applied and that appropriate financial statements are prepared on the Going Concern basis, unless it is not appropriate to presume that the Company will continue in business for the foreseeable future. Most of this responsibility is delegated to the Finance and General Purposes Committee 3. It ensures that adequate internal control procedures are established to safeguard the assets of the Company and to present and detect fraud and other irregularities. It also oversees the implementation of appropriate risk assessment systems and processes to identify, manage and mitigate the 92 Annual Report 2016

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