ANNOUNCEMENT CLYD Has Released the Attached

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PRESS RELEASE PR. No. 042/2013 CLYDESTONE GHANA LIMITED (CLYD) - ANNOUNCEMENT CLYD has released the attached announcement for the information of the general investing public. Issued at Accra, this 27th day of February, 2013. - E N D – att’d. Distribution: 1. All LDMs 2. General Public 3. Company Secretary, CLYD 4. NTHC Registrars, (Registrars for CLYD shares) 5. GSE Securities Depository 6. SEC 7. GSE Council Members 8. GSE Notice Board For enquiries, contact: General Manager/Head of Listings, GSE on 669908, 669914, 669935 *JEB PRESS RELEASE Clydestone, Kenswitch and Chase Bank launch China Union Pay in Kenya with 16 Banks Accra, Ghana: February 27th 2013: Clydestone (GSE:CLYD) Ghana’s leading payment systems company has launched China Union Pay acquiring in Kenya in conjunction with Kenswitch and Chase Bank. Under the co-operation agreement, Clydestone a Global Partner and 3rd party processor of Union Pay has integrated with Kenswitch to enable Banks on the Kenswitch network acquire Union Pay transactions on over 1200 ATMs. Chase Bank is the settlement bank George Wainaina MD Kenswitch, Duncan Kabui CEO Chase Bank and Paul Jacquaye Group CEO Clydestone at the signing of the agreement in Nairobi, Kenya (L-R) The member banks are: Imperial Bank, Family Bank, I&M Bank, K-Rep Bank, Kenya Post Office Savings Bank, Bank of Africa, Chase Bank, Consolidated Bank, Gulf African Bank, Housing Finance, Transnational Bank, Kenya Women Finance Trust, First Community Bank, Equatorial Commercial Bank, Fidelity Commercial Bank and Credit Bank Point of Sale and online eCommerce (UPOP) transaction acquiring will also be launched later in the year. Group Chief Executive Officer of Clydestone Paul Jacquaye said this marks the expansion of Clydestone G-switch into the African market in pursuance of its Pan-African Strategy. -END- About Clydestone Clydestone is a 23 year old Information and Communication Technology company listed on the Ghana Stock Exchange. Clydestone provides solutions in the area of payment systems, transaction switching and outsourcing and is headquartered in Accra, Ghana with offices Lagos, Nigeria. About Kenswitch: Kenswitch is a registered limited company that was set up by a consortium of banks under the National Payments Systems modernization and reform process of the Central Bank of Kenya. Its terms of reference are to allow participating financial institutions to share payment infrastructure like Automated Teller Machines (ATMs) and Point of Sale (POS) terminals so as to avoid the duplication of scarce resources. About Chase Bank: Chase Bank is a privately owned bank incorporated in Kenya in 1996. It is a conventional one stop financial institution with a focus on the SME Market. About Union Pay: Established in March 2002, UnionPay is a bankcard association established under the approval of the State Council and the People’s Bank of China. At present, the Shanghai- headquartered UnionPay has about 400 domestic and overseas associate members. With over 3.1 billion issued Union Pay cards by members in 29 countries and regions. 100% market coverage in Mainland China, Hong Kong and Macau to the most comprehensive and widest network. Its network covers 8 Million POS terminals and 1.2 million ATMs accepted in 141 countries and markets globally by end 2012. Contact:[email protected] .

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No Institution City Heading Branch Name Swift Code 1 AFRICAN BANKING CORPORATION LTD NAIROBI ABCLKENAXXX 2 BANK OF AFRICA KENYA LTD MOMBASA (MOMBASA BRANCH) AFRIKENX002 3 BANK OF AFRICA KENYA LTD NAIROBI AFRIKENXXXX 4 BANK OF BARODA (KENYA) LTD NAIROBI BARBKENAXXX 5 BANK OF INDIA NAIROBI BKIDKENAXXX 6 BARCLAYS BANK OF KENYA, LTD. ELDORET (ELDORET BRANCH) BARCKENXELD 7 BARCLAYS BANK OF KENYA, LTD. MOMBASA (DIGO ROAD MOMBASA) BARCKENXMDR 8 BARCLAYS BANK OF KENYA, LTD. MOMBASA (NKRUMAH ROAD BRANCH) BARCKENXMNR 9 BARCLAYS BANK OF KENYA, LTD. NAIROBI (BACK OFFICE PROCESSING CENTRE, BANK HOUSE) BARCKENXOCB 10 BARCLAYS BANK OF KENYA, LTD. NAIROBI (BARCLAYTRUST) BARCKENXBIS 11 BARCLAYS BANK OF KENYA, LTD. NAIROBI (CARD CENTRE NAIROBI) BARCKENXNCC 12 BARCLAYS BANK OF KENYA, LTD. NAIROBI (DEALERS DEPARTMENT H/O) BARCKENXDLR 13 BARCLAYS BANK OF KENYA, LTD. NAIROBI (NAIROBI DISTRIBUTION CENTRE) BARCKENXNDC 14 BARCLAYS BANK OF KENYA, LTD. NAIROBI (PAYMENTS AND INTERNATIONAL SERVICES) BARCKENXPIS 15 BARCLAYS BANK OF KENYA, LTD. NAIROBI (PLAZA BUSINESS CENTRE) BARCKENXNPB 16 BARCLAYS BANK OF KENYA, LTD. NAIROBI (TRADE PROCESSING CENTRE) BARCKENXTPC 17 BARCLAYS BANK OF KENYA, LTD. NAIROBI (VOUCHER PROCESSING CENTRE) BARCKENXVPC 18 BARCLAYS BANK OF KENYA, LTD. NAIROBI BARCKENXXXX 19 CENTRAL BANK OF KENYA NAIROBI (BANKING DIVISION) CBKEKENXBKG 20 CENTRAL BANK OF KENYA NAIROBI (CURRENCY DIVISION) CBKEKENXCNY 21 CENTRAL BANK OF KENYA NAIROBI (NATIONAL DEBT DIVISION) CBKEKENXNDO 22 CENTRAL BANK OF KENYA NAIROBI CBKEKENXXXX 23 CFC STANBIC BANK LIMITED NAIROBI (STRUCTURED PAYMENTS) SBICKENXSSP 24 CFC STANBIC BANK LIMITED NAIROBI SBICKENXXXX 25 CHARTERHOUSE BANK LIMITED NAIROBI CHBLKENXXXX 26 CHASE BANK (KENYA) LIMITED NAIROBI CKENKENAXXX 27 CITIBANK N.A. NAIROBI NAIROBI (TRADE SERVICES DEPARTMENT) CITIKENATRD 28 CITIBANK N.A.
Commercial Banks Directory As at 30Th April 2006

DIRECTORY OF COMMERCIAL BANKS AND MORTGAGE FINANCE COMPANIES A: COMMERCIAL BANKS African Banking Corporation Ltd. Postal Address: P.O Box 46452-00100, Nairobi Telephone: +254-20- 4263000, 2223922, 22251540/1, 217856/7/8. Fax: +254-20-2222437 Email: [email protected] Website: http://www.abcthebank.com Physical Address: ABC Bank House, Mezzanine Floor, Koinange Street. Date Licensed: 5/1/1984 Peer Group: Small Branches: 10 Bank of Africa Kenya Ltd. Postal Address: P. O. Box 69562-00400 Nairobi Telephone: +254-20- 3275000, 2211175, 3275200 Fax: +254-20-2211477 Email: [email protected] Website: www.boakenya.com Physical Address: Re-Insurance Plaza, Ground Floor, Taifa Rd. Date Licenced: 1980 Peer Group: Medium Branches: 18 Bank of Baroda (K) Ltd. Postal Address: P. O Box 30033 – 00100 Nairobi Telephone: +254-20-2248402/12, 2226416, 2220575, 2227869 Fax: +254-20-316070 Email: [email protected] Website: www.bankofbarodakenya.com Physical Address: Baroda House, Koinange Street Date Licenced: 7/1/1953 Peer Group: Medium Branches: 11 Bank of India Postal Address: P. O. Box 30246 - 00100 Nairobi Telephone: +254-20-2221414 /5 /6 /7, 0734636737, 0720306707 Fax: +254-20-2221417 Email: [email protected] Website: www.bankofindia.com Physical Address: Bank of India Building, Kenyatta Avenue. Date Licenced: 6/5/1953 Peer Group: Medium Branches: 5 1 Barclays Bank of Kenya Ltd. Postal Address: P. O. Box 30120 – 00100, Nairobi Telephone: +254-20- 3267000, 313365/9, 2241264-9, 313405, Fax: +254-20-2213915 Email: [email protected] Website: www.barclayskenya.co.ke Physical Address: Barclays Plaza, Loita Street. Date Licenced: 6/5/1953 Peer Group: Large Branches: 103 , Sales Centers - 12 CFC Stanbic Bank Ltd.
THE KENYA GAZETTE Published by Authority of the Republic of Kenya (Registered As a Newspaper at the G.P.O.) Vol

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PRESS RELEASE on SIGNING of Mou BETWEEN GULF AFRICAN

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Eastern and Southern African Trade and Development Bank

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Bank Branches Report AM

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EFFECT of ISLAMIC BANKING DEVELOPMENT on ECONOMIC GROWTH –A Case of the Kenyan Economy

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Effect of Corporate Governance on Board of Directors Disclosure in Commercial Banking Sector in Kenya

EFFECT OF CORPORATE GOVERNANCE ON BOARD OF DIRECTORS DISCLOSURE IN COMMERCIAL BANKING SECTOR IN KENYA BY CATHERINE WANJUGU KABUGU D61/74708/2014 A RESEARCH PROJECT SUBMITED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION IN FINANCE, SCHOOL OF BUSINESS, UNIVERSITY OF NAIROBI SEPTEMBER, 2016 DECLARATION This Research Project is my own original work and has not been presented for a Degree qualification in any other University or Institution of learning. SIGNED………………………………… DATE ……………………………………………. CATHERINE WANJUGU KABUGU D61/74708/2014 This Research Project has been submitted for Examination with my approval as the: University Supervisor SIGNED…………………………………… DATE: ………………………………………….... MR. NICHOLAS T.T. SIMIYU School of Business The University of Nairobi ii ACKNOWLEDGEMENTS I wish to thank the Almighty God for taking me through my academic years in the University and the completion of my study. A special thanks to my supervisor Mr Nicholas T.T. Simiyu for his countless hours of reading, reflecting, and most of all his patience throughout the entire process, Peter Muruthi who was very helpful with his expertise and gave me valuable guidance. Finally, I thank each and everyone who helped in any way in my journey through this project. iii DEDICATION I dedicate this project to the Kabugu senior family, my dear parents for their love, my sister Sylviah and brother Jonam for their encouragement. I also dedicate this project to all who supported me throughout the entire process, especially Eliud who helped me kick start the proposal. Finally a special thanks to Martha and Denis for encouraging me to forge forward when it was tough, the two of you have been my best cheer leaders.