BERGER PAINTS NIGERIA : NOTICES OF ANNUAL GENERAL MEETING (AGM)

Lagos, 15 May 2024.

RESOLUTIONS PASSED AT THE 2024 AGM OF BERGER PAINTS NIGERIA PLC

At the 64th Annual General Meeting of Berger Paints Nigeria Plc (the Company) held on Tuesday, 15 May, 2024 at the Lagos Marriott Hotel Ikeja, 122 Joel Ogunnaike Street, Ikeja GRA, Lagos State at

11.00 a.m., the following resolutions were duly passed:

1. The Reports of the Directors, Auditors, Board Appraisers, and Audit Committee together with the Audited Accounts for the financial year ended December 31 2023, were laid to the meeting and unanimously received.
2. A final dividend payment of 80 Kobo per each 50 kobo ordinary share held to all members whose names appeared in the Company's Register of Members as of the close of business on 16 April 2024, subject to deduction of the appropriate withholding tax at the time of payment, as recommended by the Board was approved.
3. Mr. Abi Ayida and Mr. Adekunle Olowokande retired by rotation and were unanimously re- elected as Directors.
4. The appointment of Pannell Kerr Forster Professional Services as the External Auditor of the Company was approved.
5. The Directors were authorised to fix the remuneration of the Company's External Auditors.
6. The remuneration of the Managers of the business for the 2023 financial year was disclosed on page 32 of the Annual Reports and Accounts as being ₦117,592,785.93. No resolution was taken on this item.
7. There were three (3) shareholder nominees for election to the Statutory Audit Committee.
   Subsequently, the three shareholders' representatives were re-elected and they are:
8. 1. Mr. Chibuzor Eke.
   2. Mrs. Mary Joke Shofolahan.
   3. Mr. Taiwo Afinju.

The following two (2) Directors were appointed to represent the Board on the Committee:

1. 1. Dr. Ogechi Iheanacho.
   2. Mr. Kunle Olowokande.
2. Special Business - The Board of Directors were authorised to fix the remuneration of the Directors at a sum not exceeding ₦150,000,000.00.
3. Special Business - The Shareholders approved that in compliance with the Rules of Nigerian Exchange Limited (NGX) governing transactions with Related Parties or Interested

Persons, the General Mandate granted to the Company in respect of all recurrent related party transactions of revenue or trading nature or those necessary for its day-to-day operations be renewed. The renewal of this Mandate shall commence on the date on which this resolution is passed and shall continue to operate until the date on which the next Annual General Meeting of the Company is held.

All 169 shareholders in attendance and proxy forms representing 71,273,239 units of sharesvoted in favour of all the resolutions.

Thank you.

For: Berger Paints Nigeria Plc.

Omolara Bello

Company Secretary/Legal Adviser.

Berger Paints Nigeria Plc. has a dedicated investors' portal on its corporate website which can be accessed via this link: https://bergerpaintsnig.com/investor/.The Company's Investors' Relations Officer can also be reached through electronic mail at: [e-mail]; or by telephone at: [phone] for any investment- related inquiry.