Nairobi, Kenya, March 21st 2022 – EABX Public Limited Company (EABX), a newly incorporated public a limited company whose purpose is to establish and operate an over-the-counter securities exchange
(OTC Exchange), today announced that Terrence Adembesa has been named Chief Executive Officer
commencing March 2022.

Terrence has more than 15 years of senior management experience including over a decade in the
development and commercialization of capital markets and products, most recently as Chief Business
Officer at the Nairobi Securities Exchange (NSE).

‘We are very pleased to have Terrence join us and we know he is the right leader for EABX,’ said Kihara
Maina, EABX’s Chairman of the Board. “He brings to the Company the right mix of experience, skills, and mindset to launch the Exchange and drive the growth we foresee for the company in the region’s
fast-developing Financial Markets.

‘I am very excited to be joining the EABX team,’ said Terrence Adembesa. As the industry evolves
through new technologies and client demands, I believe that the establishment of EABX provides a
uniquethe  proposition for a new market utility to address the growing financial infrastructure needs of a
developing East African regional economy.

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Terrence was responsible for the strategic direction, growth, and diversification of annual revenues,
having led the development of the Derivatives Market – NeXT, the Growth Enterprise Market Segment
(GEMS) the Real Estate Investment Trusts (REITs), the Exchange Traded Funds (ETFs), and, the FTSE
International Index Series at the NSE. Before joining the NSE, Terrence had held positions at Enablis
and at the Co-operative Bank (K).

Terrence received a Postgraduate Certificate in Mechanics of Derivatives and Financial Products from
Middlesex University, a BBA with Honors in Management from the University of Eastern Africa –
Baraton and a Global Executive MBA from the United States International University in conjunction
with the Frankfurt School of Finance and Management. He is a Member of the Institute of Certified
Investment and Financial Analysts (K) and a Member of the Chartered Institute for Securities and
Investments (UK).

About The EABX

EABX Public Limited Company (EABX) is a newly incorporated company whose purpose is to establish
and operate an over-the-counter securities exchange. As a market organizer, EABX will serve the dual
roles of a self-regulatory organization, providing frontline regulation of market conduct, and provision
of a trading and trade reporting platform that will enhance transparency, safety, liquidity, and the
deepening of the domestic debt market. EABX is sponsored by the Kenya Bankers Association (KBA)
and the National Treasury, Kenya with technical support of FSD Africa.