The Public Offer gives eligible investors an opportunity to apply for up to 4.1 billion new ordinary shares in Dangote Petroleum Refinery & Petrochemicals FZE.

Dangote Refinery is going public to give members of the public an opportunity to own a stake in the company.

Up to 4.1 billion new ordinary shares are being offered for subscription.

The Offer Price is ₦525.00 per share, payable in full when the investor submits an application.

The minimum subscription is 10 shares, or ₦5,250, with additional subscriptions in multiples of 10 shares.

The offer is set to open on Monday, 14 September 2026.

The offer will close on Tuesday, 13 October 2026.

The offer is available to eligible investors, subject to the terms of the Public Offer, applicable laws and selling restrictions. Eligible participants include:

• Retail Investors who are Resident Nigerians or Non-Resident Nigerians and are not classified as Qualified Investors.
• Qualified Institutional Investors and High-Net-Worth Investors.
• Eligible African Investors resident or established in African jurisdictions outside Nigeria, subject to applicable local laws and selling restrictions.
• Other eligible institutional investors outside Nigeria, subject to the laws of their jurisdictions and the selling restrictions in the Prospectus.

No. Non-Resident Nigerians and other eligible investors outside Nigeria may participate, subject to the applicable laws, selling restrictions and requirements set out in the Prospectus.

Yes. Individuals can subscribe to the offer, subject to the applicable requirements.

Applicants may be required to provide relevant personal or corporate information, banking details and other information required for the application process.

• A valid BVN is mandatory for validation of applications submitted through Electronic Application Channels.
• Applicants are advised to have their CHN and CSCS account details available.
• Additional identity or documentation may be required depending on the investor category and application channel.

An existing CSCS account is not required to submit an application through InvestNow. However, applicants are advised to provide valid CHN and CSCS account details.

Where an allotted investor does not have valid CHN and CSCS details, the shares may be warehoused under a Registrar Identification Number in the Registrar's custody at CSCS until valid account information is provided. Opening a stockbroking and CSCS account before applying is therefore strongly advisable.

Yes. You can invest even if this is your first time investing in shares, as long as you meet the applicable requirements.

Yes. A valid BVN is mandatory for the validation of applications submitted through Electronic Application Channels. Other identity and eligibility documentation may also be required depending on the investor category and application channel.

No. Each applicant is permitted to submit only one application. Multiple or suspected multiple applications may be rejected. Once submitted, an application is generally irrevocable, except where applicable law requires otherwise.

Visit the app.investnow.ng/ipos, follow the subscription steps and submit your application.

Follow the payment instructions provided on InvestNow when submitting your application. Subscription payments must be made in full in Nigerian Naira at the time of application.

Subscriptions must be paid in Nigerian Naira, notwithstanding that the nominal share capital and quotation of the shares are denominated in US Dollars.

Yes. You can apply for more than 50 shares, in multiples of 10 additional shares.

You will receive confirmation that your application has been submitted. Your application will then be processed in line with the terms of the Public Offer.

No. Submitting an application does not guarantee that you will receive the shares you applied for. Allotment is subject to the terms of the Public Offer.

Allotment is the process of determining how many shares each successful applicant receives.

You will be notified after the allotment process is completed. The timing will be communicated in line with the Public Offer timetable.

You will receive the number of shares allotted to you, and any applicable unused subscription funds will be handled in line with the offer terms.

Your shares will be credited to your account after the allotment and settlement process is completed.

Any funds for shares not allotted to you will be refunded in line with the terms of the Public Offer.