Honeywell Flour Mills Plc
A subsidiary of FMN
Corporate H/Office: 1 Golden Penny Place, Wharf Road, Apapa, Lagos State, Nigeria Factory Site: 2nd Gate Bye Pass, Tin Can Island Port, Apapa, Lagos State, Nigeria
Tel: 01-700-8514, OT-700-8516
Email: hfmp@honeywellflour.com, Website: www.honeyweIIfIour.com
Lagos, 12th December 2025
Honeywell Flour Mills Plc - Shareholders Resolution
Honeywell Flour Mills Plc (the Company) wishes to notify Nigerian Exchange Limited, and its shareholders that below resolutions were presented to the Shareholders for approval at the Annual General Meeting of the Company which held on Thursday, 11t^December 2025 and were duly passed.
ORDINARY BUSINESS BY ORDINARY RESOLUTIONS:
The Audited Financial Statements for the year ended 31 t March 2025 and the Reports of the Directors, Auditors and Audit Committee thereon, laid before the members were received.
The following Directors ret1ring by rotation were re-elected as Directors of the Company:
Mr. Olanrewaju Jaiyeola
Mrs. Uchenna Ajo
Mrs. Chinonye Nzew1
The Directors were authorized to fix the remuneration of the Auditors.
The remuneration of Managers of the Company was disclosed on Pages 80 to 81 of the Annual Report and Accounts.
Elect1on of members of the Audit Committee: The following shareholders' representatives were elected on the statutory Audit Committee of the Company having garnered the highest votes:
1. Mr. Adeleke Adebayo Adetunji
II. Mr. Ijayekunle Moses ldowu Ill. Mr. Adekanmbi David Ademola
Chairman: Omoboyede Oyebolanle Olusanya, Managing Director: Nassib Raffoul Directors: Anders Kristiansson (Swedish}, Joseph Umolu, Kate Osamede Iketubasin, Olanrewaju Jaiyeola, Sadiq Usman
The following Directors were appointed to represent the Board on the Statutory Audit Committee:
Mrs. Kate Osamede lketubosin
Mr. Anders Kristiansson
SPECIAL BUSINESS BY ORDINARY RESOLUTION:
"That, pursuant to Rule 20.8 of the Rulebook of the Nigerian Exchange Limited 2015: Issuers Rule, a general mandate be and is hereby given authorizing the Company to continue to procure goods and services and engage in other transactions that are necessary for its day to day operations from its related parties on normal commercial terms consistent with the Company's Transfer Pricing Policy. All transactions falling under this category which were earlier entered into in 2025 prior to the date of this meeting were hereby ratified."
The remuneration of Non-Executive Directors was approved.
All the resolutions presented at the meeting were by poll except the election of shareholders' repre5entatives on the Statutory Audit Committee which was by show of hands.
NASSIB RAFFOUL
DIRECTOR
OSOMOMEH L. OLUKOYA COMPANY SECRETARY