Notification of resignation and appointment of directors

(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 the Board of Directors of Cadbury Nigeria PLC (Cadbury or the Company) has accepted the resignation of Mr. Abhiroop Chuckarbutty who resigned from the Board effective 26th March 2026.

The Board has appointed Mr. Hisham Ezz El Arab as a Non-Executive Director and Dr. Rasaq Adedoyin Salami as an Independent Non-Executive Director, effective 26th March 2026.

The Board warmly welcome Mr. Ezz El Arab and Dr. Salami and wish them well in their new roles.

Hisham Ezz El Arab is a highly accomplished executive with 32 years of extensive leadership experience in the FMCG sector, marked by a distinguished career across Danone and Procter C Gamble. He has a proven track record of driving significant business acceleration, strategic growth, and complex turnarounds across diverse global markets.

Prior to his current role as Business Unit President for Sub-Saharan Africa at Mondelēz International, Hisham served as Regional Vice President for Asia, Middle East and Africa (AMEA) at Danone, overseeing business acceleration and strategic growth. Hisham's profound expertise in operational excellence, value-driven leadership, and fostering high-performing cultures is firmly rooted in his strong academic

foundation, holding a BSc in Mechanical Engineering from the American University in Cairo and having completed management courses at prestigious institutions like MIT, INSEAD, IMD, and IESE. This, combined with his proprietary '5P Roadmap for Business Transformation' model, uniquely positions him to empower consumers to 'snack right' and unlock significant strategic value in this critical growth region for Mondelēz.

Hisham's blend of deep professional acumen and a personal commitment to global leadership and learning is reflected in his guest lectureship at the London Business School and advisory role to the French government. Hisham is French-Egyptian, speaks four languages and is a father to three children.

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

Dr. R. Adedoyin Salami is an experienced economist with over three decades of professional and leadership experience spanning academia, consulting, public-sector policy, and corporate governance.

A PhD graduate of Queen Mary College, University of London, he is the Chief Executive Officer of KAINOS Edge Consulting Ltd, an applied economics advisory firm he co-founded.

In the private sector, Dr. Salami has been involved in the governance of companies across logistics, insurance, asset management, pensions and infrastructure. He currently serves as Chairman of Dryva Logistics Ltd - a logistics startup. He has previously led the boards of Prestige Assurance Plc and ARM Investment Managers Ltd.

He served as Chief Economic Adviser to President Muhammadu Buhari and earlier was Chairman of the Presidential Economic Advisory Council. Outside Nigeria, he has contributed to

economic policy through roles such as membership of the IMF Advisory Group for Sub-Saharan Africa.

His work in academia is anchored around a long-standing membership of the faculty at the Lagos Business School, Pan Atlantic University. Presently, he is a member of the adjunct faculty. He has taught at the University of Lagos. His work covers macroeconomic modelling, transformation of manufacturing sectors, financial sector reforms, agricultural competitiveness, and market systems development.

He has consulted for leading global institutions including DFID, World Bank, United Nations Industrial Development Organisation (UNIDO), USAID, and the International Finance Corporation (IFC).

Following the appointments, the current Board composition of Cadbury Nigeria Plc. is as follows:

1. Mr. Adedotun Sulaiman, MFR - Chairman

2. Mrs. Folake Ogundipe - Interim Managing Director

3. Mrs. Ibukun Awosika - Non-Executive Director

4. Mrs. Kofo Akinkugbe, OON - Independent Non-Executive Director

5. Ms. Olubunmi Lawson - Independent Non-Executive Director

6. Ms. Sree Patel - Non-Executive Director

7. Mr. Hisham Ezz El Arab - Non-Executive Director

8. Dr. Rasaq Adedoyin Salami - Independent Non-Executive Director