GAZETTE NOTICE NO. 11209

NOTICE is given in accordance with section 3 and section 4 of the Transfer of Business Act (Cap. 500) laws of Kenya that: (a) certain of the assets (comprising loans to customers, including securities held in respect of such loans, ancillary rights in connection with such loans and any off balance sheet exposures forming part of the approved credit facilities granted to existing customers) (the Transfer Assets); and (b) certain of the liabilities (comprising obligations in relation to customer deposits other than deposits from Spire Bank’s majority shareholder and specified related parties) (the Transfer Liabilities). of Spire Bank Limited (Company Number C.14/2000) (the Transferor) will be transferred (subject to fulfilment of certain conditions precedent) to Equity Bank (Kenya) Limited (Company Number CPR/2014/168391) (the Transferee) pursuant to the terms of an Assets and Liabilities Purchase Agreement dated the 12th September, 2022 (the Agreement). The Transferor is licensed by the Central Bank of Kenya to carry on the business of a bank in accordance with the Banking Act (Cap. 488) of the laws of Kenya (the Banking Act). The Transferor’s principal place of business is Mwalimu Towers, off Ragati Road Upper Hill, P.O. Box 52467–00200, Nairobi, Kenya, but it also has ten (10) branches spread out across Nairobi (four (4) branches), Mombasa, Nakuru, Kakamega, Eldoret, Machakos and Kisumu. The Transferee is also licensed by the Central Bank of Kenya to carry on the business of a bank in accordance with the Banking Act. The Transferee’s principal place of business is Equity Centre, 9th Floor, Hospital Road, Upper Hill, P.O. Box 75104–00200, Nairobi, Kenya and has a total of 190 branches across Kenya, including 55 branches in Nairobi. In the event that the Agreement is completed in accordance with its terms, the Transferee intends to continue carrying on its banking business (including the business relating to the Transfer Assets and Liabilities) at its head office and branches. If the Agreement is not completed, this notice shall be void ab initio and shall be of no effect. Notice is given that the Transferee will only assume liabilities incurred by or on behalf of the Transferor in relation to the Transfer Assets and Transfer Liabilities and shall not assume any of the other debts or liabilities incurred by or on behalf of the Transferor in connection with the Transferor’s banking business or other activities. Dated the 16th September, 2022. SPIRE BANK LIMITED, Transferor. EQUITY BANK (KENYA) LIMITED, Transferee. MOSE, MOSE & MOSE, Advocates for the Transferor. ANJARWALLA & KHANNA, MR/3876880 Advocates for the Transferee.