1. Introduction

1.1 These Terms and Conditions ("Terms") govern the MangoMonie Dangote IPO Financing Facility ("the Facility"), offered by Mango Microfinance Bank ("Mango," "we," "us") to eligible customers ("Customer," "you") to finance a portion of their subscription to the Dangote Petroleum Refinery and Petrochemicals FZE Initial Public Offering ("the IPO").

1.2 Your shares purchase and IPO subscription will be processed through TrustBanc Capital Management Limited ("the Receiving Agent"), the SEC-approved Receiving Agent/Electronic Application Channel appointed for this purpose.

1.3 These Terms apply in addition to Mango's general Terms of Service, Privacy Policy, and any other agreement between you and Mango. In the event of a conflict specific to the Facility, these Terms shall prevail.

2. Eligibility

By applying, you confirm that you:

• 2.1 Are at least 18 years old;
• 2.2 Hold a valid Bank Verification Number (BVN) and National Identification Number (NIN), where applicable;
• 2.3 Have a verifiable source of income and sufficient repayment capacity;
• 2.4 Have satisfactory credit bureau status;
• 2.5 Will provide evidence of the required minimum equity contribution described below; and
• 2.6 Meet any other eligibility or KYC requirement Mango may specify.

Mango reserves the right to decline any application that does not meet its credit, KYC, affordability, fraud, or regulatory requirements, without obligation to give reasons.

3. How the Facility Works

• 3.1 The Facility finances up to 70% of your total IPO subscription value, subject to a maximum Mango financing amount of ₦25,000,000 per customer.
• 3.2 You must contribute a minimum of 30% of your total subscription value from your own funds ("Equity Contribution"). Your Equity Contribution must be confirmed before any facility amount is disbursed.
• 3.3 The tenor of the Facility is 12 months from the date of disbursement.
• 3.4 Interest is charged at 30% per annum (2.5% per month) on the outstanding Mango financing amount.

4. Fees

• 4.1 A one-time processing fee of 1% of the total subscription value applies and will be disclosed to you before you confirm your application.
• 4.2 The processing fee is non-refundable once your application has been submitted for subscription, except where required by applicable law.

5. Application, Subscription, and Allotment

• 5.1 Applying for the Facility, or having your application approved, does not guarantee that you will receive any shares, or the full number of shares applied for, in the IPO. Allotment is determined solely by the Dangote IPO offer process and TrustBanc Capital Management Limited, in accordance with the approved offer terms.
• 5.2 Mango does not disburse facility funds into your personal account. Approved funds, together with your Equity Contribution, are routed directly to TrustBanc Capital Management Limited for processing of your IPO subscription.
• 5.3 If your subscription is not fully allotted, any refunded or unutilised amount will first be applied toward your outstanding facility balance, where contractually applicable, before any residual amount is returned to you.

6. Share Lien

• 6.1 Shares allotted to you under this Facility will be placed on lien with TrustBanc Capital Management Limited/the Registrar immediately upon allotment and will remain on lien until your facility is fully repaid.
• 6.2 While the lien is active, you may not sell, transfer, pledge, or otherwise deal with the shares without Mango's prior written consent.

7. Mango's Right to Sell

You acknowledge and agree that Mango reserves the right, without further recourse to you, to instruct TrustBanc Capital Management Limited to sell some or all of the lien shares in either of the following circumstances:

• 7.1 Price trigger: if the market value of the lien shares falls below 20% of [reference value — original subscription value / outstanding facility balance, to be confirmed] at any time during the tenor; or
• 7.2 Default trigger: if you default on repayment, or fail to fully repay the Facility by the loan maturity date.
• 7.3 Proceeds of any such sale will first be applied toward your outstanding facility balance (principal, interest, and applicable fees). Any surplus will be credited to you, and any shortfall remains recoverable from you under Mango's normal recovery process.
• 7.4 On full repayment of the Facility on or before maturity, and provided no sale trigger under 7.1 or 7.2 is active, Mango will instruct TrustBanc Capital Management Limited to release the lien so that the shares become freely transferable to you.

8. Repayment

• 8.1 You will repay the Facility over 12 equal monthly instalments, through salary deduction (where available), direct debit, Remita, standing instruction, or other Mango-approved channel.
• 8.2 Your normal income must be sufficient to service your monthly repayment. You should not rely on the future sale of the shares to meet your repayment obligations.
• 8.3 Late or missed payments may attract additional charges and may affect your credit history and future access to Mango products.

9. Investment and Market Risk

• 9.1 The Facility finances the acquisition of shares. Share prices may rise or fall after the IPO, and you may lose some or all of the value of your investment.
• 9.2 Mango does not guarantee, and makes no representation as to, the future performance or value of the shares, or the outcome of the share allotment process.
• 9.3 By accepting these Terms, you confirm that you understand and accept these investment and market risks.

10. Your Undertakings

You confirm and undertake that:

• 10.1 All information and documentation you provide is true, accurate, and complete;
• 10.2 You will use the Facility strictly for the purpose of your approved IPO subscription;
• 10.3 You consent to Mango verifying your information with credit bureaus, employers, and other relevant third parties; and
• 10.4 You will promptly notify Mango of any change in your circumstances that may affect your ability to repay.

11. Data and Consent

By accepting these Terms, you consent to Mango collecting, processing, and sharing your personal and financial information with credit bureaus, TrustBanc Capital Management Limited, regulators, and other relevant third parties, strictly for purposes connected with the Facility, in accordance with Mango's Privacy Policy and applicable data protection law.

12. Amendments

Mango may amend these Terms from time to time, including to reflect changes in regulation or the IPO offer terms. Where an amendment materially affects your rights or obligations, Mango will notify you through the app before the amendment takes effect.

13. Governing Law

These Terms are governed by the laws of the Federal Republic of Nigeria.

14. Acknowledgement

By tapping "I Accept," you confirm that you:

• Have read and understood these Terms in full;
• Understand that applying does not guarantee share allocation;
• Accept the 1% processing fee;
• Accept that your allotted shares will be placed on lien until the Facility is fully repaid; and
• Accept Mango's right to sell your lien shares if their value drops by 20%, or if you default or fail to repay by maturity.