CHEMICAL AND ALLIED PRODUCTS : ELECTION OF CHAIRMAN

Directors

Folasope Aiyesimoju	Bolarin Okunowo
Chairperson	Managing Director
Muhibat Abbas	Udo Okonjo
Yomi Adenson	Vitus Ezinwa
Ifeoma Chuks-Adizue	Babs Omotowa

Lagos, Nigeria, 16 June, 2023

CHEMICAL AND ALLIED PRODUCTS PLC - ELECTION OF CHAIRMAN OF THE BOARD OF DIRECTORS

The Board of Directors (the "Board") of Chemical and Allied Products PLC ("CAP PLC" or the "Company") hereby announces the election of Mr. Folasope Aiyesimoju, as Chairman of the Board effective 15 June 2023, following the retirement of Mrs. Awuneba Ajumogobia.

Mr. Aiyesimoju is currently a Non-Executive Director on the Board of CAP PLC and was appointed in that capacity on 5 October 2021.

Mr. Aiyesimoju is currently the Group Managing Director ("GMD") of UAC of Nigeria PLC ("UACN") with responsibility for shaping overall strategy and driving long-term value creation. He is also the founder of Themis Capital Management, an investment firm focused on concentrating capital and talent on high- potential opportunities in Sub-Saharan Africa.

Prior to founding Themis, he worked with Kohlberg Kravis Roberts, a leading global investment firm. His experience also includes working with the Standard Bank Group, where he led mergers and acquisitions in Nigeria. He spent the early part of his career with Ocean and Oil Holdings Limited, a principal investment firm in Nigeria and ARM Investment Managers, one of Nigeria's leading investment advisory and wealth management firms. In furtherance of his role as GMD of UACN, he sits on the Boards of MDS Logistics Limited, Grand Cereals Limited, UAC Foods Limited and UPDC PLC.

Mr. Aiyesimoju holds a B.Sc. (Hons) degree in Estate Management from the University of Lagos, where he was awarded a Certificate of Excellence in Real Estate Development and Finance and earned the right to use the CFA designation in 2006.

For: Chemical and Allied Products PLC

Ayomipo Wey

Company Secretary/General Counsel