National Investment Trust Limited

Ticker code NITL Industry Investment Services The National Investment Trust Limited
C/O NICO Asset Managers Ltd
Chibisa House
19 Glyn Jones Road
P.O. Box 3173
Blantyre, Malawi
ISIN MW000A1C5MG9 Sector Financial
Initial Listing 21 March 2005 Financial Year End 30 September
Website www.nitlmw.com Results Released Half-yearly

About

National Investment Trust Limited is a closed end collective investment scheme established with the objective of providing investors with the opportunity to invest in a diversified portfolio of equity investments, bonds, property and equity of property companies and money market investments in Malawi. The Company is licensed by the Registrar of Financial Institutions in accordance with the Securities Act through the Reserve Bank of Malawi.

Auditors

KPMG
MASM House
Lower Scalter Road
P.O. Box 508
Blantyre, Malawi

Secretary

The National Investment Trust Limited
C/O NICO Asset Managers Ltd
Chibisa House
19 Glyn Jones Road
P.O. Box 3173
Blantyre, Malawi

Advocates

Unavailable


Name Position
Mr. D. Kamwaza Chairman
Mr. L. Kondowe Non-executive Director
Mr. R. Mdeza Non-executive Director
Mr. P. Nkata Non-executive Director
Mr. G. Msisha Non-executive Director
Mr. F. Changaya Non-executive Director
Mrs. E. Gondwe Non-executive Director
Mr. G. Chimimba Non-executive Director

Shareholding by shareholder type as at 30 September 2014
Type Number of holders Number of shares held % of total shares
Insurance/assurance 6 3,024,400 2.24
Non-resident companies/individuals 11 1,992,950 1.48
Banks/nominees 14 30,304,167 22.45
Investment/trusts 15 8,205,575 6.08
Pension/provident funds 25 24,931,989 18.47
Other resident entities 21 14,852,629 11.00
Resident individual 1,259 51,688,290 38.29
Total 1,351 135,000,000 100.00
Distribution of shareholders by size of shareholding as at 30 September 2014
Range Number of shareholders Number of shares % Shareholding
1 - 5,000                                                467 1,192,320 0.88
5,001 - 10,000                                                238 2,155,730 1.60
10,001 - 25,000                                                222 4,004,500 2.97
25,001 - 50,000                                                163 6,430,430 4.76
50,001 - 100,000                                                123 10,750,000 7.96
100,001 - 200,000                                                  54 8,201,520 6.08
200,001 - 500,000                                                  43 13,057,600 9.67
500,001 - 1,000,000                                                  20 13,666,500 10.12
1,000,001 and above 21 75,541,400 55.96
Total 1,351 135,000,000 100.00
Principal shareholders as at 30 September 2014
Name Number of shares % Shareholding
First Merchant Bank Limited 25,766,628 19.09
First Merchant Bank Pension Fund 8,346,409 6.18
NICO Life Company Limited 7,098,130 5.26
NBM Pension Fund 6,181,465 4.58
Press Trust 4,795,000 3.55
National Bank of Malawi Limited 4,086,371 3.03
Livingstone Exports Limited 2,900,000 2.15
Escom Pension Fund 1,891,187 1.40
Total 61,065,190 45.23
Others 73,934,810 54.77
Total issued 135,000,000 100.00