KBC Global Ltd - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 [SEBI (LODR) Regulations, 2015]

We are pleased to inform you that, the step down subsidiary of KBC Global Limited, which is the wholly owned subsidiary of KBC Global FZCO ie KBC International Limited, Ghana has entered into Memorandum of Intent with Federal Housing Authority (FHA), Republic of Nigeria. The Federal Housing Authority (FHA) is vested with mandate for development of housing in Nigeria and KBC International Limited expressed interest to partner with FHA as Engineering procurement and Financing contractor for development of low-cost housing project in Africa to the tune of USD 500m. According to the executed MOI, KBC in collaboration with the FHA, subject to statutory approval, will be Engineering procuring, constructing, designing and executing the project and in addition will provide surrounding infrastructure as well. The MOI has been entered and executed by Nkemjika Prince Ozomena, CEO, on behalf the company, Kindly, take the same on records.