Access Bank Adopts the Equator Principles

Nigeria, 4 June 2009

Access Bank Plc has affirmed its commitment to international best practice and globally acceptable standards by adopting the Equator Principles for its Project Finance. By this, Access Bank becomes the first Nigerian bank to implement the Equator Principles.

The Equator Principles (EP) is a voluntary set of environmental and social benchmarks for managing environmental and social issues in development finance globally. The Principles were initially developed by four private sector banks, Citi, ABN AMRO, Barclays and WestLB, and launched and adopted by 10 banks in June 2003. The Principles are based on the International Finance Corporation (IFC) performance standards on social and environmental sustainability, and on the World Bank Group’s Environmental, Health and Safety general guidelines.

Presently, about sixty – six financial institutions with operations in over 100 countries across the globe have adopted the Equator Principles and thus making it project finance industry standard for addressing environmental and social issues in project financing globally.

Following this declaration, Access Bank Plc is now one of the Equator Principles Financial Institutions (EPFIs) that have consequently adopted these Principles in order to ensure that Project Finance transactions are executed in a manner that is socially responsible and reflects sound environmental management practices.

These Principles are designed to serve as a common baseline and framework for the implementation, by each Equator Principles Financial Institution (EPFI), of its own internal social and environmental policies, procedures and standards related to its project financing activities. Member Banks will not finance projects where the borrower will not or is unable to comply with the respective social and environmental policies and procedures.

Access Bank intends to leverage its role as a financier to promote responsible environmental stewardship and socially responsible development.

Access Bank Plc is a socially responsible organization; with clearly developed strategy for facilitating societal development and wellbeing. The Bank is one of Africa’s pre – eminent financial services groups, and has a full banking subsidiary in the UK and all monetary zones across sub – Sahara Africa. The Bank is ranked 11th in Africa and 359th in the world by capital as at March 31, 2008.