2004 Press Release

SEC APPROVES EDL AS INVESTMENT ADVISERS AND FUND/PORTOFOLIO MANAGERS
Lagos Island, Lagos – July 15 2004

The Securities and Exchange commission (SEC) has granted approval to Express Discount Limited to function as Corporate Investment Advisers and Fund/Portfolio Managers in the capital market.

For further information/inquiry on how you can benefit from these services from Express Discount Limited, Kindly contact the following:

1. Mr. Emmanuel Enebeli-Cliffe 01-4811320, 01-2641650-5 ext. 550 or cliffe@expdisc.com

2. Mr. Olawunmi Adigun                               01-2642650-5 ext. 670 or ola@expdisc.com

3. Mr. Muhammad Baba                                01-2641657-8 or              baba@expdisc.com

For more information: (Media Only Please)
Jumoke Gbajabiamila
Tel: (234)-01-2641650-5
Email: corp_aff@expdisc.com