PRESS RELEASE

18th December, 2019

Menzgold Payment Schedule and Formula

Following our broad consultation regarding model(s) of payment and formula, coupled
with our commitment to bring finality to this pending subject, we are privileged to
announce the following:

1. Payments shall be made strictly following a “reverse mechanism”, which implies

from the last day (month) of our business operations to the very first day when our
business commenced. Thus; from 12th September 2018 to 18th March, 2013. To this
end, we shall start to settle all transactions in September 2018 and those who didn’t
access any extra values, as we proceed in the first above described mode and manner.

2. Payments start on Friday, 27th December, 2019 with funds at hand now, as we
proceed to go recover the debt owed Menzgold overseas, especially in Dubai and
Europe to come reinforce as payments sessions continue.

3. As of today, Menzgold assets remain frozen; implying that we cannot access any of
our offices nationwide, credit or debit any bank account in Ghana. In view of these
constraints, our lawyers shall agree with claimants upon invitation, as to where and
how to legally receive payment.

4. Claims shall be settled in full and shall be subject to an invitation from our legal
team; Kwame Akuffo & Co. Unlimited, strictly following the below indicated scheduled
hierarchical order, all to be settled within 36 months starting from December 2019;

CLAIMS CATEGORIES SCHEDULED IN QUEUE

0% extra value received First to be paid

10% extra values received Next in line
20% extra values received Following
30% extra values received Following
40% extra values received Following
50% extra values received Following
60% extra values received Following
70% extra values received Following
80% extra values received Following
90% extra values received Following
100% extra values received Following
Over 100% extra values received Following

MENZGOLD GHANA COMPANY LIMITED 1/2

No. 16 George W. Bush Highway Dzorwulu, Accra.

Tel: +233 (0) 303 976 961 / +233 (0) 201 113 287 / +233 (0) 201 113 287 Email: info@menzgold. com
Dzorwulu East Legon Kasoa Kaneshie Kumasi Tarkwa Tema
5. We shall endeavor to commit not more than thirty six (36) months to settle all
claims, as we follow strictly the “reverse payment mechanism”, in our firm resolve to
amicably and peaceful reverse all transactions or contracts as formed, to achieve
cordial co-existence and harmony.

6. We seek your kind cooperation to ensure the integrity of this commendable exercise
is preserved and smoothly sustained, just so it does not get unreasonably interrupted
and its eventual abortion.

We wish to say a big thank you to all the good people of Ghana, our cherished
customers and our dedicated staff for their unwavering belief in the Menzgold brand
during those turbulent times. We believe that beyond these fleeting sea waves lie
prosperity and economic freedom.

Thank you.

Nii Amarh Amarteifio

Head of Communication
MenzGold Ghana

2/2

MENZGOLD GHANA COMPANY LIMITED

No. 16 George W. Bush Highway Dzorwulu, Accra.
Tel: +233 (0) 303 976 961 / +233 (0) 201 113 287 / +233 (0) 201 113 287 Email: info@menzgold. com
Dzorwulu East Legon Kasoa Kaneshie Kumasi Tarkwa Tema