UAC OF NIGERIA : NOTICE TO SHAREHOLDERS AND STAKEHOLDERS

Lagos, Nigeria - 6 May 2024

NOTICE TO SHAREHOLDERS, STAKEHOLDERS AND OTHER INVESTING PUBLIC

Our attention has been drawn to The Guardian Newspaper online publication of 26 April 2024 referencing a potential acquisition by UAC of Nigeria PLC ("UAC") of shares held by the minority shareholders in Chemical and Allied Products PLC ("CAP"), and a subsequent delisting of CAP from the Nigerian Exchange Limited.

At this time, UAC and CAP are not pursuing the above referenced actions. UAC and CAP remain committed to growing their respective businesses to deliver value to stakeholders and continue to contribute broadly to the Nigerian economy.

We thank you.

For and on behalf of UAC of Nigeria PLC

Ayomipo Wey

Group General Counsel

For and on behalf of Chemical and Allied Products PLC

_____________________

Aramide Nwokediuko

General Counsel

For more information, please contact:

Funke Ijaiya-Oladipo

Group Finance Director [e-mail] [phone]