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ASSET MANAGEMENT ASSET MANAGEMENT SERVICES SERVICES

Submitted By:

NTHC LimitedNTHC Limited

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OutlineOutline

Company Profile Vision, Mission & Core Values

Board of Directors

Ownership

Our Executive Management

Our Relevant Experience

Our Track Record

Conclusion

Contact Details

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Company Profile

NTHC Limited Was formerly National Trust Holding Company Limited

Established in 1976 under the auspices of the National Investment Bank Limited and incorporated under Ghana’s Companies Code 1963 (Act 179).

From 1979, NTHC acted as Trustees holding and managing Government interest in companies.

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Company Profile (continuation)(continuation)

SUBSIDIARIES

NTHC has two wholly-owned

subsidiaries: o NTHC Securities Limited o NTHC Properties Limited

o Brokerage,o Asset Management,o Corporate Finance and Research, o Registrar and Secretarial services,o Real Estate Development

SERVICE OFFEREDNTHC offers the following services -

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Vision, Mission & Core ValuesVision, Mission & Core Values (continuation)(continuation)

Our Vision To be the most preferred Investment Management Company and the dominant back office company in the investment service industry.

Our MissionTo ensure that our advice, guidance, and services translate to financial prosperity and satisfaction for all our stakeholders. We will accomplish this by utilizing highly qualified & competent staff and innovative financial products/ services to meet the varied needs of our clients.

Our Core ValuesTenacity: We will be resolute and tenacious in the pursuit of our operational and strategic objectives for the advancement of the company, the staff and our customers.

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Vision, Mission & Core Values Vision, Mission & Core Values (continuation)(continuation)

Responsiveness: We will work tirelessly to understand customer and staff needs and will respond to such needs at all times.

Integrity: We will maintain integrity in all our operations at all times.

People Focus: We believe that with a sharp focus on people (staff and customers) we will serve our customers better and motivate & retain our valuable staff.

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Board of DirectorsBoard of Directors

NTHC’s Board of Directors

Names of Members Institution Representing

Kwadwo Owusu Tweneboa National Investment Bank

Isaac Kofi Tettey SIC Insurance Company Limited

Kwaku Sarfo Mensah SSNIT / NTHC PF

Kodwo Edisi Ampofo AcreCon Limited

Dr. A.W.Q. Barnor NTHC Limited

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OwnershipOwnership (continuation)(continuation)

NTHC serves individuals, institutional investors, government agencies,

private and public companies and associations.

SHAREHOLDERS

NTHC’s shareholders are all Ghanaian financial institutions. – SSNIT 34%– National Investment Bank 25%– SIC Insurance Company 25%– AcreCon Ltd. 10%– NTHC PF 6%

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Ownership Ownership (continuation)(continuation)

NIB, 25%

ACL, 10%

SSNIT, 34% SIC, 25%

NTHC P F, 6%

NTHC LTD’s SHAREHOLDING STRUCTURE

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Executive ManagementExecutive Management

Dr A.W.Q. Barnor - Managing Director Ms. Helen Maku Obeng, Head of Legal. Mr. John Mensah Hagan, Head of Registrar Unit. Mr William Sasu, Head of Asset Management. Ms. Elizabeth Korkor Baddoo, Head of NTHC

Securities Limited Mr. Francis Kombla Nyoagbe, Head of Corporate

Finance Mr. Jacob Tawiah, Head of Finance and Accounts.

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Profile of Executive ManagementProfile of Executive Management

Dr. A. W. Q. Barnor, Managing Director

A Financial Analyst and Economist with over 30 years experience in Investment Asset Management, Appraising Accounting Systems, Micro and Macro Economic Analysis. He holds a PhD in Finance and Accounting, MSc. in Development Administration and a Post Graduate Diploma in Development Finance. His prior experiences include working with international financial and commercial firms such as Hong Kong & Shanghai Banking Corporation, Drexel Burnham Lambert, Credit Commercial De France, New Zealand Apple & Pear Marketing Board.

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Profile of Executive Management Profile of Executive Management (Continuation)(Continuation)

Mr. William Sasu, Head - Asset Management Holds an Executive MBA (Finance) from the University of Ghana. He joined NTHC in 1999 as Chief Accountant and is currently the Head of Asset Management. His career summary reflects over twenty (20) years of experience at Senior Management positions, in Accounting, Finance and Investment. He is a Chartered Accountant by profession.

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Mr. John Mensah Hagan, Head of Registrar Unit

A qualified Chartered Secretary and Administrator. He has twenty-eight (28) years working experience in various positions including Company Secretary and Registrar and has been Head of Registrars, Transfer/Trustee & Secretarial Unit since May 1996. He is an Associate of the Institute of Chartered Secretaries (ACIS).

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Ms. Elizabeth Kokor Baddoo, Head of NTHC Securities LimitedShe holds an Executive MBA (EMBA), Finance and a BSc. Degree in Administration from the University of Ghana Business School (UGBS), Legon. Her career summary reflects over 21 years of experience in the Securities Industry. She is a well-trained Licensed Securities Dealers Representative who has benefited from several technical and management development courses with significant contribution to NTHC's investment management. She has played key roles in all the major IPOs that have been undertaken by NTHC. She is the Head of NTHC Securities.


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Mr. Francis Komla Nyoagbe, Head of Corporate Finance & Research

Holds MSc in Finance and Investment from Brunel University, London (UK) and BSc Administration (Accounting Option) from University of Ghana Business School, Legon. He is a Fellow of the Chartered Certified Accountants (FCCA) and was Manager, Corporate Finance and Investment Research at Strategic African Securities Limited.

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Profile of Executive ManagementProfile of Executive Management (Continuation)(Continuation)

Ms. Helen Maku Obeng, Head of Legal Unit Ms. Obeng is a trained lawyer from the Ghana School of

Law and has to her credit almost 20 years of experience in continuous practice. Before joining NTHC Ms. Obeng was a partner at Profile Trust. She was responsible for the preparation and reviewing of various legal documentations including Agency, Hire Purchase, and Sale and Purchase Agreements. She also provided legal opinion and advice on structuring and incorporation of companies, partnerships and joint ventures. Between 1990 and 1995, she was the secretary to the Divestiture Implementation Committee, the implementation body of government divestiture projects.

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Our Relevant ExperienceOur Relevant Experience

NTHC’s Track Records-General

Initial Public Offer

NTHC provides corporate finance and investment advisory services. NTHC mobilises fresh and additional capital for companies. NTHC has enabled many companies to raise capital on the Ghana Stock Exchange. Other companies have raised capital through private placements handled by NTHC.

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Our Relevant Experience Our Relevant Experience (Continuation)(Continuation)

• Westel - Co-transaction Advisor for the privatisation of Western Telesystems Ghana Limited (Westel), through the divestiture of 66.67% of the 100% shareholding of Ghana National Petroleum Agency (GNPC) to a strategic investor. (2007)

• Standard Chartered Bank Ghana Limited – Lead Manager of the flotation and listing of US$10million Irredeemable and Non-Cumulative Preference Shares. (2005)

• Golden Web Limited - Lead Manager for the formal listing of Golden Web Limited on the Ghana Stock Exchange in August 2005. (2005).

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• Benso Oil Palm Plantation (BOPP) – Lead Manager, Financial Advisors and Sponsoring Broker for the Initial Public Offering of Benso Oil Palm Plantation Limited (BOPP) shares. NTHC Limited sold Government’s 40% interest in the Company valued at USD8.0 million. The IPO was 173% over-subscribed (2004).

• Clydestone Ghana Limited - Lead Manager for the formal listing of Clydestone Ghana Limited on the Ghana Stock Exchange in May 2004. The shares were over subscribed by 57% (2004).

• Golden Web Limited - Provisional Listing of Golden Web Limited on the Ghana Stock Exchange. (2004).

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• Cocoa Processing Company (CPC) - Privatization and sale of 40% of Government’s interest in Cocoa Processing Company (CPC): NTHC was the Lead Manager, Sponsoring Broker and Underwriters for Share Flotation and Listing on the Ghana Stock Exchange. US$25 million was raised for the Government of Ghana. (2003).

• Sam Woode Limited (SWL) - Lead Manager, Underwriters and Sponsoring Broker for the Share Flotation and Listing on the GSE. (2002).

• Produce Buying Company Limited (PBC) - Lead Manager, Underwriters and Sponsoring Broker for the Share Flotation and Listing on the Ghana Stock Exchange. An amount of ¢192 billion was raised for the Company. (2002).

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• Metalloplastica (Ghana) Limited (MGL) - Sponsors and Market Makers in the flotation of MGL, and listing on the Ghana Stock Exchange. NTHC was appointed to place additional shares worth ¢2.16 billion as Rights and successfully listed all the shares on the Ghana Stock Exchange (1998/1999).

• Subri Industrial Plantations Limited - Comprehensive corporate and financial advisory services to value Ghana Government’s equity investments in the Subri Industrial Plantations Limited, valuation of entire fixed and plantation assets, strategic investor search and preparation of documentation for eventual divestiture of the Company. Also, assisted in the realisation of the corporate objectives of the Board in setting up an integrated Pulp and Paper Mill to exploit the Multi-purpose-cultivated industrial plantation. (1997).

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• Aluworks Limited - Co-Managers and Sponsoring Broker for the company in the public floatation and listing of its shares on the Ghana Stock Exchange. NTHC raised over ¢3.3 billion for Aluworks Limited. (1996).

• Standard Chartered Bank Ghana Limited - Sponsored the listing of the shares of the company on the Ghana Stock Exchange and acted as Market Makers for the Flotation. (1990).

• Fan Milk Limited – Financial Advisor, Sponsoring Brokers and Lead Manager for the listing of the company’s shares on the Ghana Stock Exchange. NTHC raised over ¢191 million for Fan Milk Limited through a successful Public Flotation in which NTHC provided 100% underwriting (1989/1990).

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TRACK RECORD IN FUNDS MANAGEMENT:TRACK RECORD IN FUNDS MANAGEMENT: NTHC Limited has vast experience in funds management and currently

manages the Provident Funds of the following clients; i. Ghana Life Insurance Companyii. Manya Krobo Rural Bankiii. Donewell Insurance Companyiv. KPMGv. Ghana Oil Palm Development Companyvi. Challenge Enterprise of Ghanavii. Golden Neo-Life Diamite Internationalviii. Excel Industries Limitedix. Assemblies of God Bookshopx. Pioneer Kitchenware Limitedxi. North Ridge Lyceumxii. Word Miracle Church Internationalxiii. Rudan Limited

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Our Products

a) NTHC Horizon Fund NTHC Horizon Fund is an open-ended mutual fund

scheme. The primary objective of the fund is to maximize and optimize the investors’ returns comprising dividend and capital gain on asset held on. The Manager has in place measures that minimize and manage the impact of various risk factors. The possible benefits derived from the fund are countless. To mention a few, one will have

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Our Products

– Professional Money Management– Maximum return on investment– Profitability– Security– Diversification

There are no charges for joining the fund but there are exit charges if one wants to redeem within the first three years of your investment. The charges are shown below:

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Our Products (Continuation)

The fund has yielded a year to date return of 28.35% with a net asset value per share of GH¢0.1316 as at 29th August 2008.

Redemption Charges

Period of Investment Rate (%)

1st Year 3.00

2nd Year 2.00

3rd Year 1.00

More than 3 Years 0.00

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b) Investment Management Fund

This is a Money Market product managed by the NTHC. This serves the need of clients with higher liquidity profile as compared to government securities. The basic features are Instant Access, Notice and Fixed Options.

NTHC limited as a competent and credible institution will maximize returns on clients’ funds. Investors’ are given a competitive interest rate above the Government of Ghana treasury bills. Rates are negotiable depending on the volume of the fund for placement by the investor.

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IMF placements Interest rate

Tenor T’ Bill rates

Mark-Up

(+4%)

NTHC

rates

(%) (%) (%)

91-day 24.16 4 28.2

182-day 25.76 4 29.8

1 Yr 20 4 24.0

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b) Commercial Paper

Commercial Paper (CP) is a means of raising capital to meet the liquidity requirements of your company. It is a short-term, unsecured debt typically issued by large capitalized firms and can also be viewed as a zero coupon debt. The maturities or investment horizon ranges from 30days to a maximum of 270 days with the possibility of a rollover of the principal amount.

Interest rates to be offered by NTHC Limited

Commercial Paper is a cheaper financing alternative as compared to a loan from the bank. Currently, the base rates from the banks average about 21% per annum with an average risk premium of about 10%. This adds up to an average lending rate of 30%.

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c) Provident Fund Management

It is a Fund, under the management of NTHC Limited, from the contributions made by the employee of an organisation during his working life and an equal contribution by his employer at a given rate of his salary at present and is payable back to him together with interest on exit from employment. This also serves as an alternative retirement income medium outside the SSNIT pension benefit scheme.

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e) Foreign Investor Services

Under this product, NTHC has packaged all the existing products to foreign Ghanaians and Non Ghanaians (as far as our investment laws will permit). In addition to existing products, NTHC collaborates with NTHC Properties to enable residents abroad to acquire plots or homes through investment vehicles or direct cash transfers.

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ConclusionConclusion

NTHC Limited attaches utmost importance to this exercise and promises to successfully get your outfit a dependable Fund Management Scheme that will meet the expectations of the beneficiaries.

We have a highly professional, and highly skilled, competent and tried and tested experienced team, commendable history and capacity to Manage funds.

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Contact DetailsContact Details

Location Address: Martco House,No.D542/4,Okai-Mensah Link, Adabraka –Accra

Postal Address: P.O.Box KIA 9563, Airport –Accra

Telephone: (+233)-(0)21-238492-3 (+233)-(0)21-235814-5

Fax: (+233)-(0)21-220243 (+233)-(0)21-229975

Email: [email protected]

Website www.nthcghana.com

asset

Documents

company profile nthc

company limited established

investment asset management

head of asset management

ownership continuation

company profile vision

head of finance

office company