Proposal To Issuing House

We write a proposal to issuing house to handle thirty billion ordinary shares of Midland Cosmos ltd at the issue price of ten naira per share .The equity finance is to finance working capital expansion and head office acquisition as well as company capital projects

To: The Board of Directors, Midland Cosmos Ltd.

From: [Ibikunle Abraham Laniyan /Firm Midland Cosmos ltd], Financial Advisors

Date: March 16, 2026

Subject: Proposal for the Issuance and Management of 30 Billion Ordinary Shares

1. Executive Summary

Midland Cosmos Ltd. is positioned for a transformative growth phase. To facilitate this, we propose a capital raising exercise through the issuance of 30,000,000,000 (Thirty Billion) ordinary shares at an issue price of ₦10.00 per share. This offer aims to raise a gross proceeds of ₦300 Billion, providing the necessary liquidity to scale operations, secure a permanent corporate identity, and fund long-term strategic assets.

2. Objectives & Use of Proceeds

The capital raised will be strictly allocated to the following critical areas:

Working Capital Expansion: Enhancing liquidity to support increased production capacity and inventory management to meet growing market demand.

Head Office Acquisition: Transitioning from leased premises to a wholly-owned corporate headquarters, reducing long-term administrative overhead and strengthening the company's asset base.

Capital Projects: Funding specific infrastructure and technology upgrades essential for maintaining a competitive edge in the industry.

3. Offer Structure & Valuation

Instrument: Ordinary Shares of Midland Cosmos Ltd.

Total Volume: 30,000,000,000 Units.

Offer Price: ₦10.00 per share (benchmarked against current market trends for high-growth sectors).

Target Market: A mix of institutional investors (Pension Funds, Insurance Firms) and high-net-worth individuals to ensure a stable and diverse shareholder base.

4. Execution Roadmap

As our appointed Issuing House/Financial Advisor, your role includes:

Regulatory Compliance: Managing all filings with the Securities and Exchange Commission (SEC) and ensuring the company meets the statutory requirements for public or private offers.

Underwriting: Assisting in the evaluation of underwriters to guarantee the success of the offer, even in volatile market conditions.

Marketing & Allotment: Orchestrating a comprehensive investor roadshow and managing the subsequent share allotment process to ensure transparency.

Reporting: Providing detailed post-offer analysis and ensuring the "Return on Allotment" is filed promptly with relevant authorities.

5. Professional Fees

Your fee structure is performance-based, typically consisting of a mandate fee for advisory services and a success fee (percentage of total funds raised), ensuring our interests are fully aligned with the successful closure of the deal.

6. Conclusion

This ₦300 Billion issuance represents a milestone in the history of Midland Cosmos Ltd. By capitalizing on this equity finance, the company will secure its operational future and deliver long-term value to its shareholders.