· betaglass plc audit committee's report fortheyearended december31,2017 inaccordancewith...

BETA GLASS PLC NIS ISO 9001:2008 CERTIFIED

(Re 13215)

HEAD OFFICEIddo House, lddo, P.O. Box 159,Lagos, Nigeria.Tel: 234-01-9063200

DELTA PLANTKM 17, Warri - Palani Road,P.M.B. 48, Ughelli. Delta State, NigeriaTel: 234-01-9063208

234-01-9063209

GUINEA PLANTKM 32, Lagos Badagry Express Road,Agbara Industrial Estate, Ogun StateP.O. Box 2515, Lagos, NigeriaTel: 234-01-9063206

234-01-9063207

BETAGLASS PlCAudit Committee's Report

For the year ended December 31, 2017

In accordance with Section 359(6) of the Companies and Allied Matters Act Cap C20 LFN2004 andthe Financial Reporting Council of Nigeria Act No 6'12011, we have reviewed:

1) the scope and planning of the audit requirement;

2) the External Auditors' Management letter for the year ended December 31, 2017 as well asthe Management responses thereon and;

3) ascertained that the accounting and reporting policies of the Company for the year endedDecember 31, 2017 are in accordance with legal requirements and agreed ethical practices.

In our opinion, the e and planning of the audit for the year ended December 31, 2017 togetherwith the audited accou s were satisfactory, We were satisfied with Management responses to theAuditors findi

Ms. Oluwaseun A imisola OniChairman ofthe Audit CommitteeFR'-I ~ci~1 ILP,1( IDcu!lOOl g~g'Dated this zo= day of March, 2018

Members of the Audit CommitteeMs. Oluwaseun Abimisola OniChief Chris AvieleleMr. Olaolu AkereleMr John MastoroudesProf. C.A. OsuntogunChief Simeon A. OdubiyiMr. Peter K. Okoh

- Chairman (appointed w.e.f November 11,2017)- Member- Member- Member (resigned w.e.f November llJ 2017)- Memb,er

MemberMember (deceased 10/03/18)

Directors: Abimbola O. Ogunbanjo (Chairman), Darren Bennett-Voci (B~itish) (Managing Director), Z. Wuraola Abiola, Olaolu Akerele, Chief Chris Avielele,Haralambos (Harry) G. David (cypriot), Nikolaos Mamoulls (Greek)John Mastoroudes (British), Oluwaseun A. Oni

BETA GLASS PLC, MEMBER OF FRIGOGLASS GROUP