CHEMICAL AND ALLIED PRODUCTS : NOTICE OF BOARD CHANGES

Directors

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

Lagos, Nigeria, June 15, 2023

RETIREMENT OF MRS. AWUNEBA AJUMOGOBIA AS CHAIRPERSON AND INDEPENDENT NON- EXECUTIVE DIRECTOR

Chemical and Allied Products PLC (the "Company" or "CAP") wishes to inform The Nigerian Exchange Limited, the Company's shareholders and the investing public of the retirement of Mrs. Awuneba Ajumogobia as Chairperson and Independent Non- Executive Director of the Board of Directors of the Company (the "Board") effective June 15, 2023, the date of the Company's Annual General Meeting.

Mrs. Ajumogobia was appointed to the Board in August 2019 and served as Chairperson of the Board until her retirement at the Company's Annual General Meeting on June 15, 2023.

Mrs. Ajumogobia's strategic leadership has been instrumental to the Company's strong financial performance over the last four (4) years. CAP's revenue grew 128% from N8.4 billion in 2019 to N19.2 billion in 2022, whilst profits grew 41% from N1.7 billion in 2019 to N2.4 billion in 2022. During her tenure, the Company also significantly expanded its retail footprint and diversified its product offering through the landmark merger with Portland Paints and Products of Nigeria PLC.

The Board expresses its sincere gratitude to Mrs. Ajumogobia for her unwavering commitment and outstanding contributions to the Company over the past years.

Thank you.

For: Chemical and Allied Products PLC

Ayomipo Wey

Company Secretary/General Counsel