| July 2004 |
Discovery Fund Introduces Fractional Units. |
| June 2003 |
ARM introduces open architecture through its relationship with Merrill Lynch International. |
| December 2002 |
Memorandum listing of the Discovery Fund on the floor of the Nigerian
Stock Exchange. |
| July 2002 |
Initial Public Offer of the Discovery Fund |
| May 2002 |
ARM’s flagship Fund is renamed the Discovery Fund. |
| October 1997 |
ARM Trustees is established as ARM’s first wholly owned subsidiary. |
| June 1995 |
ARM starts her Financial Advisory service. |
| January 1995 |
ARM introduces a unit trust called ARM Equity Growth Fund |
| May 1994 |
Asset & Resource Management company (ARM) was founded and incorporated. |