Start 2008 Stock Price Rank

Company

1/1/2008

Stock Price

Naira

12/31/2008

Stock Price

Naira

 End of 2008 Stock Price Rank

1/9/2009

Stock Price

Naira

Price

Ratio

Begin/

End 2008

Price

Ratio

End 2008/

Today

Comment

on

Year 2008

% stock change

1

UBA

49.10

13.15

6

12.87

3.73

1.02

 -73.2%

2

Zenith Bank

46.09

22.00

2

18.78

2.10

0.764

 -52.4%

3

First Bank

45.31

21.11

3

18.90

2.15

1.12

 -53.5%

4

UBN

43.05

15.20

4

14.73

2.83

1.03

 -64.7%

5

Intercontinental

39.06

12.94

7

10.45

3.02

1.24

 -66.9%

6

Oceanic Bank

39.05

12.05

9

9.91

3.24

1.22

 -69.1%

7

Guaranty Trust Bank

36.00

12.90

8

11.84

2.79

1.09

 -64.2%

8

Afribank

30.49

9.61

12

7.30

3.17

1.32

 -68.5%

9

Platinum-Habib Bank

25.51

10.24

11

8.03

2.49

1.28

 -59.8%

10

Access Bank

24.00

7.07

15

7.19

3.39

0.98

 -70.5%

11

IBTC

20.02

10.90

10

8.67

1.83

1.26

 -45.4%

12

Diamond Bank

20.00

7.46

14

6.50

2.68

1.15

 -62.7%

13

FCMB

19.50

6.00

16

5.30

3.25

1.13

 -69.2%

14

SkyeBank

17.19

8.59

13

7.25

2.00

1.18

 -50.0%

15

Wemabank

15.00

14.29

5

14.29

1.05

1.00

Trading suspended 10/10/2008