('Camellia', the 'Company')
Sale of Artwork
Update on Indian Tea Estate MOU
Camellia is pleased to announce the recent sale of some of the Company's artwork has realised proceeds of £3.7 million, with a profit of £3.6 million. The proceeds from this will support the Company's Value Enhancement Plan, which includes increasing investment into higher-return operating assets to generate long-term growth in shareholder value.
The Company also notes the announcement by Goodricke Group Limited (a 74% owned Indian subsidiary of Camellia) on 1 April 2026 to the Bombay Stock Exchange, of the termination of the memorandum of understanding (announced by the Company on 23 Feburary 2026) in connection with the proposed sale of its Barnesbeg Tea Estate.
This announcement contains inside information under Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as part of UK domestic law via the European Union (Withdrawal) Act 2018.
Enquiries:
Camellia Plc 01622 746655 / investorrelations@camellia.co.uk
Byron Coombs, Chief Executive
Oliver Capon, Chief Financial Officer
Panmure Liberum (Nominated Adviser and Broker) 020 7886 2500
Emma Earl / Will Goode
Rupert Dearden
Equitory Limited (Investor Relations) 07909918034
Catherine Miles
H/Advisers Maitland (Financial PR) 07785 292617
William Clutterbuck
Investors can register to receive updates and news from the Company by registering their email address at investorrelations@camellia.co.uk.
About Camellia:
Camellia Plc is the ultimate holding company of a group of agricultural businesses incorporated in jurisdictions across the world (the 'Operating Companies'), while also owning and operating other assets outside of agriculture.
Camellia's purpose is to grow and nurture agricultural businesses and assets of the highest quality - creating value for today's shareholders, while investing for the long term. Camellia's Operating Companies are committed to working fairly, sustainably and with integrity for the wellbeing of their employees, communities, and the natural environment.
The Operating Companies collectively own and manage circa 50,000 hectares of mature land across seven countries (Bangladesh, Brazil, India, Kenya, Malawi, South Africa, and Tanzania).
The majority of the Group's revenue is derived from the growing of tea, avocado, macadamia, rubber, wine grapes, blueberries, arable crops, forestry and livestock. The Operating Companies have well-established and industrial-scale operations, with reputations for high-quality products.