Dear Prospective Investor,

This private placement memorandum was prepared by Foresight Securities & Investment Limited for the purpose of raising N1.3billion equity finance for the commencement of the rapid industrialization of the Benin Kingdom. The proceed of the offer will be applied to finance the take off of Benin Investment and Development Company Plc which proposes to drive the said industrialisation.

The promoters of The Benin Investment and Development Company Plc have taken all reasonable care to ensure that the facts stated herein are true and accurate in all respects and confirm that to the best of their knowledge and belief, there are no other facts the omission of which could make any statement in this private placement memorandum misleading.

I invite you to seize the unique opportunity of this Private Placement to invest in this ground breaking company which has a tremendous growth potentials in the years ahead.

Kindly refer to the information page for the Application Procedure for this Private Placement, indicating the number of shares you wish to purchase and your payment details. The completed signed Form should be returned to Foresight Securities and Investment Limited as soon as possible.

Foresight Securities & Investment Limited does not assume any liability or responsibility for use of this document for any purpose(s) other than the intended purposes.

Thank you in anticipation of your investment in BIDCO.