ATLAS Mara Limited Atlas Mara Addresses Market Rumours (7297M)

TIDMATMA

RNS Number : 7297M

ATLAS Mara Limited

25 January 2021

25 January 2021

Atlas Mara Addresses Market Rumours

Atlas Mara Limited ("Atlas Mara" or the "Company," and including its subsidiaries, the "Group"), the sub-Saharan African financial services group, today issues the following statement in response to media reports incorrectly stating that " Atlas Mara has received offers from local banks wishing to buy over Union Bank."

While it is the Company's practice to refrain from comment on market rumours or speculation, we believe it is important to note that Atlas Mara has not received any offers from any local Nigerian bank or other bank wishing to acquire the Company's stake in Union Bank of Nigeria ("UBN"). As previously announced to the market in 2019, the Board of the Company has been exploring a wide range of strategic options with the assistance of external advisers. That process is still underway and the Company's strategic objectives have not changed.

Contact Details:

Investors

Kojo Dufu, [phone]

Media

Apella Advisors, [phone]

Anthony Silverman

About Atlas Mara

Atlas Mara Limited (LON: ATMA) is a financial institution listed on the London Stock Exchange. Atlas Mara aims to be a positive disruptive force in the markets in which we operate by leveraging technology to provide innovative and differentiated product offerings, deliver excellent customer service and accelerate financial inclusion. For more information, visit www.atlasmara.com .

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January 25, 2021 02:30 ET (07:30 GMT)