EXHIBIT A 
Page 1 of 4

DIRECTORS AND OFFICERS 

NAME TITLE ADDRESS CI

J.I.A. Arumemi-Ikhide Chairman/Director Personal:

27 Imadiyi Street Off Etefte RoadGRABenin City, EDO State NigeriaBusiness:Arik Air Aviation CentreMurtala MuhammedDomestic AirportP.O. Box 10468Ikeja,Lagos, NigeriaTel. 08077791200

Dr. Michael Aigbokai ArumemiIkhide Director/ CEO Business: Tower 42, 25 Old Broad Street

EC2N IHN London, England:Tel. 08077791202

Mr. Chris Chidi Ndulue Director &

Accountable 

Manager/ 

Executive Vice 

President

 Business:Arik Air Aviation CentreMurtala Muhammed Domestic AirportPO Box 10468Ikeja,Lagos, NigeriaTel. 08077791204

Mr. Olubiyi Sangowawa Director, NonExecutive Business: Tower 42, 25 Old Broad Street

EC2N IHN London, England Tel. 08077791201

William Clark Chief Financial 

Officer

Business:5th Floor, Tower 4225 Old Broad Street. London, UKEC2N 1HNTel: +44 (0) 207 877 0341
Page 2 of 4

AOC Post holders

Ado Sanusi Vice President of 

Flight Operations

Business:Arik Air Aviation CentreMurtala Muhammed Domestic AirportPO Box 10468Ikeja Lagos, Nigeria.Tel. 08055056000

Duncan Forbes Vice President of 

Maintenance

Business:Arik Air Aviation CentreMurtala Muhammed Domestic AirportPO Box 10468Ikeja Lagos, Nigeria.Tel. 08077791528

Zaidan Khalifat Quality Manager Business:

Arik Air Aviation CentreMurtala Muhammed Domestic AirportPO Box 10468Ikeja Lagos, Nigeria.Tel. 08077791223

Jide Bakare Vice President of 

Safety

Business:Arik Air Aviation CentreMurtala Muhammed Domestic AirportPO Box 10468Ikeja Lagos, Nigeria.Tel. 08077791393

Adetokunbo Adekunbi Chief Pilot Business:

Arik Air Aviation CentreMurtala Muhammed Domestic AirportPO Box 10468Ikeja Lagos, Nigeria.Tel. 08077791390
Page 3 of 4

Maury Seck

Chief Inspector

Business:Arik Air Aviation CentreMurtala Muhammed Domestic AirportPO Box 10468Ikeja Lagos, Nigeria.Tel. 08077791515

OTHER COMPANY MANAGEMENTS 

Mark Graham Vice President 

Human Resources

Business:Arik Air Aviation CentreMurtala Muhammed Domestic AirportPO Box 10468Ikeja Lagos, Nigeria.Tel. 08077791214

Suraj Sundaram Senior Vice 

President Sales 

and Marketing

Business:Arik Air Aviation CentreMurtala Muhammed Domestic AirportPO Box 10468Ikeja Lagos, Nigeria.Tel. 08077791207

David Henning Vice President 

Cabin Services

Business:Arik Air Aviation CentreMurtala Muhammed Domestic AirportPO Box 10468Ikeja Lagos, NigeriaTel. 08077791212

Vitor Gamboa Vice President 

Ground 

Operations

Business:Arik Air Aviation CentreMurtala Muhammed Domestic AirportPO Box 10468Ikeja Lagos, Nigeria.Tel. 08077791209
Page 4 of 4

Miguel Serra Vice President 

Operations 

Control Centre

Business:Arik Air Aviation CentreMurtala Muhammed Domestic AirportPO Box 10468Ikeja Lagos, Nigeria.Tel. 08077791220

Lachlan Mac-Neil Vice President 

Aviation Security

Business:Arik Air Aviation CentreMurtala Muhammed Domestic AirportPO Box 10468Ikeja Lagos, Nigeria.Tel. 08077791216
EXHIBIT B 

EXHIBIT C 

EXHIBIT D 
arik air limited|annual report and accounts| 31 december 2008 wings of nigeria

Profit and Loss account

2008 2007 2008* 2007*

N '000 N '000 US$ '000 US$ '000

Revenue 2 25,705,547 10,980,758 219,706 90,006

Cost of sales 3 (19,197,610) (9,783,415) (164,082) (80,192)

Gross profit 6,507,937 1,197,343 55,623 9,814

Selling expenses (2,998,540) (1,675,376) (25,630) (13,732)

Administrative expenses (4,710,981) (2,067,319) (40,265) (16,945)

Operating loss 4 (1,201,584) (2,545,352) (10,271) (20,863)

Finance charges 5 (3,349,297) (982,705) (28,626) (8,055)

Other income 6 16,646 508,224 142 4,165

Loss before taxation (4,534,235) (3,019,833) (38,756) (24,753)

Taxation 7 - - - -

Loss after taxation (4,534,235) (3,019,833) (38,756) (24,753)

Earnings per share:

Basic loss per share (Naira/US$) 8 (2.27) (1.59) (0.02) (0.01)

Diluted loss per share (Naira/US$) 8 (2.27) (1.59) (0.02) (0.01)

The accounting policies and the notes on pages 25 to 40 form an integral part of these financial

statements.

*Dollar denominated amounts are converted at a memorandum rate of N117 to US$1 (2007: N122 to

US$1), based on average exchange rates in effect during the year.

Note

24
arik air limited|annual report and accounts| 31 december 2008 wings of nigeria

Balance sheet

2008 2007 2008* 2007*

N '000 N '000 US$ '000 US$ '000

Property, plant & equipment 9 55,154,753 27,871,961 421,029 238,222

Current assets

Inventories 10 1,898,504 106,997 14,493 915

Receivables & prepayments 11 3,436,372 1,318,837 26,232 11,272

Deposits for aircraft 12 15,284,731 6,514,349 116,677 55,678

Cash & cash equivalents 13 1,967,549 246,522 15,019 2,107

22,587,156 8,186,705 172,421 69,972

Current liabilities

Current income taxation 7 - - - -

Payables & accrued expenses 14 (6,996,555) (2,044,518) (53,409) (17,475)

Borrowings 15 (18,316,115) (5,795,318) (139,818) (49,532)

(25,312,670) (7,839,836) (193,227) (67,007)

Net current (liabilities)/assets (2,725,514) 346,869 (20,806) 2,965

Non-current liabilities

Borrowings 15 (31,366,709) (19,163,332) (239,441) (163,789)

Deferred income taxation 16 - - - -

Amounts due to related parties 17 (13,726,448) (8,539,568) (104,782) (72,988)

(45,093,157) (27,702,900) (344,223) (236,777)

Net assets 7,336,082 515,930 56,000 4,410

Capital employed

Share capital 18 2,000,000 2,000,000 15,267 17,094

Deposit for shares 19 13,100,000 3,500,000 100,000 29,914

Reserves 20 (7,763,918) (4,984,070) (59,267) (42,598)

Shareholders' funds 7,336,082 515,930 56,000 4,410

The financial statements on pages 22 through 40 were approved by the board of directors on

Director Director

*Dollar denominated amounts are translated at a memorandum rate of N131 to US$1 (2007: N117 to

US$1), based on exchange rates in effect at the end of the year.

2010 and signed on its behalf by:

Note

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EXHIBIT E 

Confidential Treatment Requested Under 14 CFR Section 

302.12 

Submitted under seal with Motion for Confidential Treatment 
EXHIBIT F