Hystyle publication vol 1 iss2

Grand Towers

Volume 1, Issue 2

May 2014

Welcome to another edition of our newsletter, HYSTYLE, keeping you updated on developments within Grand Towers Group of companies and providing insight into trends in our key markets.

In this edition, we’ve featured progress reports on Callphone’s rollout for the Payment Terminal Service; Pictures of the team at Grand Towers Hotel as they prepared for the just concluded

World Economic Forum, Africa; updates on

work at Grand Towers Luxury Hotel—Ado Ekiti and an introduction to Grand Towers Asset Ltd.

I invite you all to read through and share our news with

friends and family. Until the next edition, remember to always ...live in style.

GRAND TOWERS HOTEL, ADO-EKITI

Doing it Right the first.. The work at the site of the proposed Grand Towers Hotel, Ado-Ekiti is coming along well, with the casting of the basement completed. This is considerable progress towards achieving the expected completion date of December 2014. A basement is an added value to he Hotel as when done right, it creates space

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GRAND TOWERS PLC

for additional value added services. Though expensive, it’s an ideal way to take advantage of the contours the land offers. .....See site Pictures below.

Casting of the basement

CALLPHONE TRAINING HELD AT GRAND TOWERS HOLDINGS PTY SA The team from Callphone just concluded their training conducted by Globatom’s Stefan Hoffmann with Clickmobile partner rep, Jacques Karsten. The training covered an induction for the GP3 PPD WMI system which is the central management system and the Telpo POS, the initial device to be disbursed by Callphone.

This was a key step in the roll out process were team members were provided a hands on platform with live simulation of the seamless link between Suppliers to a retailer. It was an excellent opportunity to experience firsthand the backend of what would be involved in the linking and provisioning between the POS devices and the Operators. These solutions were chosen because over and above the functional specification, there is a significant reporting and management module which will ensure integrity of data and processes , every step of the way. Clients can be certain that the solutions ensure that each action a user takes within the system is logged with a log ID in the system assuring premium security.

As the roll out process continues, responsibilities will be assigned to ensure good Corporate Governance is adhered alongside set international standards. No measure is being spared as continued training has been arranged and will be supported via Webex to maintain a specific level of understanding which will be available to all operational staff.

Callphone training at Grand Towers Holdings Office in Cape town

Below , Elias Eze, MD-Callphone during the training visit in May for the PTSP product rollout.

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TGIF Presentation Highlights:

By Ms. Priscilla Omang—Company Secretary /Legal Adviser (CSLA) As is now the norm at the Grand Towers Head office, our TGIF workshops continued in the month of May. For this edition we’re highlighting that of the recently appointed CSLA, Ms. Priscilla Omang, who spoke on the concept of Emotional Intelligence (EQ) as it affects individuals in a Corporate environment. Her presentation captured an introduction to EQ as another way of qualifying 'human effectiveness' and in a nutshell indentified, EQ as how we manage ourselves and our ability to control our feelings. It is proven that we're more likely to get others to cooperate with our plans, if we are better able to express ourselves. All achievements involve help, support, ideas or information from other people. So, if we want their co-operation we must learn to control ourselves.

She explained that while IQ (intellectual/ technical skills) and academia form part of the equation for success in life, EQ provides the bedrock for the development of competencies that determine an individual's performance.

Self-control for example is about understanding the power of feelings and knowing how to access these valuable emotional tools to get accurate information about our lives. Self-control differs significantly from the emotional habits we learnt in childhood and shouldn't be confused with suppressing our feelings. By outlining its importance because it sets the stage for our ability to succeed at life, we acknowledge it.

While attributes such as the ability to take initiative, the drive to achieve, to be resourceful, resilient and/or persist through challenging times are skills that anyone can learn , we know that with a combination of an average IQ and a healthy level of EQ, we have the power to succeed at what we do.

TGIF @ Grand Towers

Ms. Priscilla Omang, CSLA

Presentations snapshots from May

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GRAND TOWERS ASSET LTD ANNOUNCES IST OFFSHORE INVESTMENT

Grand Towers Asset Ltd is a Subsidiary of Grand Towers Plc which was set up in 2013 to seize opportunities that presents itself in the Nigerian capital market and to manage Grand Towers Plc’s current and prospective investments outside of the Capital market. The company’s official operations began in January 2014 , headed by Mr. Ugochukwu Duru. With two funds under management, namely Grand Towers Asset Fund and BP Outsourcing Fund, Grand Towers Asset is set with a mandate to outperform the capital market. These two funds are unitized for easy monitoring of performance and additional inflow of funds.

The primary activities of the company is to analyze and evaluate equities listed on the floor of the Nigerian Stock exchange that first comply with the developed investment policy. The stocks that qualify are valued to determine its worth compared to current market price which will indicate if there is an upside potential before the company takes a position on investments in such stocks. Stocks with down side potential do not qualify to be added to our portfolio but the team keeps monitoring it until it changes to upside potential.

The current Stocks in the companies portfolio is distributed among the different sectors of the market in order to spread the risk of loosing value.

Grand Towers Asset has already achieved noteworthy milestones through its current 40% investment in a South African company, Appliance Repair Services (ARS). ARS is involved in appliance repairs in Cape town region and has interests in Solar heating installations. In addition, the company is committed to the current roll out of the e-payment system being spear headed by Callphone’s. The team have played a pivotal roll towards the successful round up of the system that’s to be completed.

Grand Towers Asset has additional investments in telecommunication sector, distributions and mobile payment. The company prepares and submits to the Management and board monthly/quarterly and yearly performance report of the funds under their management.

Board Meeting of Grand Towers Holding Pty SA at Grand Towers offices in Cape Town.

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Team Spirit @ Grand Towers Hotel

Team effort during the preparations for the just concluded World Economic Forum Africa Volume 1, Issue 2

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The team @Grand Towers Hotel during their ‘family lunch’ Grand Towers Plc GRAND TOWERS PLC 4 SANKURU CLOSE OFF RIMA STREET MAITAMA- ABUJA Mobile: +234 (0) 9030837373 Phone: +234 (0) 97830272 E-mail: newsletter@grand-towers.com

Editor –In –Chief Stanley Duru

Copyright © 2014 Grand Towers Plc

...Live in Style

Miss Adannna Duru , daughter of Managing Director, Mr. Uche Duru celebrating her 5th Birthday, on 9th May .

Snapshot below of family and friends celebrating at Arirang Restaurant , Mountainside - New Jersey . Next to her is the Matriarch of the Duru Family, Dame Alice Duru.

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