Appointment of managing director

(A Part of the Mondelez International Family of Companies)

Lateef Jakande Road, Agidingbi

P.O. Box 164, Ikeja, Lagos.

t +234013302030

w: https://www.cadburynigeria.com

Kilometre 5 Ondo/Akure Road,

P.M.B. 565 Ondo

Ondo State

This is to notify Nigerian Exchange Limited and the investing public that, on the recommendation of the Governance and Risk Committee of the Board of Cadbury Nigeria PLC (the Company), the Board has considered and approved the appointment of Mr. Ayman Hussein F. Gaafar (also known as Ayman Fahmy) as Managing Director of Cadbury Nigeria PLC with effect from 15th May 2026.

The Board warmly welcomes Mr. Gaafar and wishes him all the very best in his new role.

Mr. Gaafar is a highly accomplished and driven business and organizational leader with a distinguished career in the FMCG sector. With extensive experience across multinational corporations like Procter C Gamble, Reckitt Benckiser, Danone, and Shan Foods, he has a proven ability to design vision and strategy, translating it into executable results.

His expertise spans general management, commercial leadership, and market strategy, with a focus on full PCL responsibility, go-to-market strategies, and business transformation. Mr. Gaafar has a strong track record of driving significant revenue growth, expanding market reach, building organizational capacity, and leading large, diverse teams across various regions, including the Middle East, Levant,

Africa, Saudi Arabia, UAE, and Canada. He is known for establishing strategic alliances, transforming operations, and consistently delivering extraordinary results.

With the appointment of Mr. Ayman Hussein F. Gaafar as Managing Director, Mrs. Folake Ogundipe will step down from her role as Interim Managing Director - a position she has fulfilled with great distinction since December 2025. Throughout her tenure, Mrs. Ogundipe has exhibited exceptional leadership, characterized by steadfast dedication, deep commitment, and admirable resilience. Her determined resolve and relentless efforts have played a pivotal role in steering the Company and preserving its strategic direction during this crucial period.

Directors: A Sulaiman MFR (Chairman), F. Ogundipe (Interim Managing Director), K. Akinkugbe OON, B. Lawson, S. Patel (Indian), H. Ezz El-Arab (French Egyptian), R.A. Salami