CHANGE OF NAME FROM BANQUE COMMERCIALE DU RWANDA LIMITED TO I&M BANK (RWANDA) LIMITED

PUBLIC ANNOUNCEMENT

CHANGE OF NAME FROM BANQUE COMMERCIALE DU RWANDA LIMITED TO I&M BANK (RWANDA) LIMITED

We wish to inform that upon receipt of statutory approvals, effective immediately, the Bank has changed its name from Banque Commerciale du Rwanda Ltd (BCR) to I&M Bank (Rwanda) Limited.

By way of background, in July 2012, a consortium led by I&M Bank Ltd acquired 80% of the shareholding in BCR. As a result of the transaction, the effective shareholding of BCR changed with 55% being held by I&M Bank Ltd, a leading regional bank incorporated in Kenya, 12.5% each by PROPARCO and DEG, two leading European Development Finance Institutions, 19.8% by the Government of Rwanda and 0.2% by private shareholders.

Since then, the management and staff have worked together towards a smooth and effective integration with the majority shareholder, culminating in the change in name.

The change in name has no impact on the management structure and operations of the bank. We will continue to provide our esteemed customers with the highest levels of service.

All existing contracts, agreements and documents in the name of Banque Commerciale Du Rwanda Limited (BCR) will remain contractually binding and enforceable.

For any query, please contact any member of the management team.

{{BY ORDER OF THE BOARD}}