Contents - Equity Bank Group

Notes to the Financial StatementsFor the year ended 31st December 2007At 31 December 2007 the authorised share capital comprised of 362 million ordinary shares (2006: 91million), with a par value ofKShs 5. All issued shares are fully paid.The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per shareat meetings of the Bank.The top ten largest shareholders as at 31 December 2007 were:Name Shares %Helios EB Investors 90,516,255 24.99British-American Investments 40,081,689 11.06Company (Kenya) LimitedNelson Muguku Njoroge 22,545,255 6.22James Njuguna Mwangi 19,898,505 5.49John Kagema Mwangi 17,100,000 4.72Equity Bank Employees’ Share Ownership Plan 15,018,400 4.14AFRICAP Limited 15,000,000 4.14Andrew Mwangi Kimani 10,928,040 3.01Fortress Highlands Limited 10,101,000 2.78Peter Kahara Munga 8,707,479 2.4Other 7,077 shareholders 112,313,282 31.05Total Shares 362,209,905 100%The distribution of shareholders as at 31 December 2007 was as follows:Share range No. of shareholders Shares held %1 to 500 2,826 720,400 0.2%501-5,000 3,323 5,895,856 1.6%5,001-10,000 402 2,868,309 0.8%10,001-100,000 399 11,240,160 3.1%100,001-1,000,000 110 36,154,780 10.0%1,000,001 and above 27 305,327,400 84.3%7,087 362,209,905 100.0%(b)Share premiumShare premium arose from the additional 90,516,255 ordinary shares issued during the year at a price of KShs122 per share.(c)Fair value reserveThe fair value reserve is attributable to revaluation of investment property owned by the Bank during the year and marking tomarket of investment securities classified under available-for-sale category.(d)Statutory reserveThe statutory reserve represents excess loan loss provision determined from computation of impairment of loans andadvances as per International Accounting Standards (IAS) No. 39.622007 Annual Report and Financial Statements