Dsr gmd's resignation and appointment of successor

In compliance with the Rules of the Nigerian Exchange Limited (NGX), Dangote Sugar Refinery Plc. ("the Company") hereby notifies its shareholders, the investing public, and other stakeholders of the resignation of its Group Managing Director/CEO (GMD), Mr. Ravindra Singhvi effective 30th November 2025.

Mr. Singhvi was appointed to the Board on 22nd May 2020 and made significant contributions to the Company including overseeing major investment projects, delivering consistent revenue growth, building a strong Management team, leading digital transformative initiatives and enhancing the Company's brand amongst others.

The Board expresses its appreciation to the outgoing GMD for his service, leadership, and contributions to the growth and strategic direction of the Company during his tenure.

The Board is also pleased to announce the appointment of Mr. Thabo Mabe as Group Managing Director/CEO effective 1st December 2025, subject to the ratification of the Company's shareholders at its next general meeting.

Mr. Thabo Mabe, is a South African national. He holds a BSc. in Chemistry and Mathematics from Fort Hare University, South Africa.

Mr. Mabe began his career at Unilever as a Graduate Trainee, serving in various capacities and gaining extensive cognitive experience across Manufacturing, Production, Sales, and Supply Chain Management. He rose to the position of Vice President, Supply Chain for Unilever HPC in 2004 and following the consolidation of Unilever's HPC and Foods divisions, he became Vice President, Homecare, and in 2010 he was appointed to the Board of Directors and became the Chief Executive Officer of Unilever Nigeria Plc. During his tenure, he significantly expanded Unilever's market share and optimized production line utilization, achieving substantial business growth.

Mr. Mabe joined the Dangote Group in 2014 as Managing Director/CEO of Dangote Flour Mills Plc., where he successfully transformed the company from a declining business into a highly profitable enterprise. Following the Group's divestment from the flour business in 2019, he was seconded to Dangote Rice Limited as Managing Director. He was appointed Managing Director of NASCON Allied Industries Plc in 2022 until his current appointment as GMD/CEO, Dangote Sugar Refinery Plc.

He brings with him a wealth of international experience spanning South Africa, Germany, and Nigeria, and continues to make significant contributions to the Dangote Group's food businesses. The appointment of Mr. Thabo Mabe as the GMD/CEO is in line with the Company's Succession Plan and its commitment to ensuring seamless leadership continuity and sustained value creation for stakeholders.

We welcome Mr. Mabe to his new role and look forward to the next chapter in our Company's journey under his leadership. We also express our sincere appreciation to Mr. Singhvi and wish him the very best in his future endeavours.