PROPOSED ACQUISITION OF THE ASSETS OF G.I & DISTRIBUTION LIMITED (“IN LIQUIDATION”) BY LUCKY STATIONARY NIGERIA LIMITED

1.1.1 This notification to the Federal Competition and Consumer Protection Commission (the Commission) relates to the proposed acquisition of some of the assets (the Assets) of G.I & Distribution Limited (in liquidation) (Seller) by Lucky Stationary Nigeria Limited (Buyer) (the Proposed Transaction). 1.1.2 The Proposed Transaction involves the acquisition, by the Buyer, of the Assets, comprising moulds, injection machines, centrifuge machines, pen assembly machines, P3 films and spare parts, from the Seller pursuant to the terms of the Master Agreement. The Buyer has the option to buy additional assets (defined as Additional Assets in the Master Agreement) from the Seller. 1.1.3 The Proposed Transaction provides an opportunity for the Buyer to strengthen its presence and expand its offerings and geographic reach in the stationery manufacturing and distribution sector in Nigeria. In addition, the Proposed Transaction will not give rise to any horizontal or vertical competition concerns because the Seller will no longer participate in the stationery manufacturing and distribution sector in Nigeria. 1.1.4 It is, therefore, respectfully submitted that the Proposed Transaction will not give rise to substantial prevention or lessening of competition in any relevant market in Nigeria. In addition, no public interest concerns will arise as a result of the Proposed Transaction and there will be no negative impact on employment in Nigeria.