CAP : CHEMICAL AND ALLIED PRODUCTS PLC-APPOINTMENT OF NEW DIRECTORS

Lagos, Nigeria, March 21, 2022

CHEMICAL AND ALLIED PRODUCTS PLC - NOTICE OF BOARD CHANGES

The Board of Directors of Chemical and Allied Products Plc ("CAP Plc") is pleased to announce as follows:

APPOINTMENT

1. The appointment of Mrs. Ifeoma Chuks-Adizue ("Ifeoma") as Executive Director, Commercial effective April 1, 2022.
   Ifeoma is a seasoned commercial professional with in-depth experience in Brand Management, Sales, Media garnered over 17 years' experience building brands, people and businesses across Africa within global FMCG companies.
   Ifeoma joined CAP Plc in February 2021 as the Chief Commercial Officer leading the development and execution of strategies to deliver the business growth agenda. Prior to joining CAP Plc, Ifeoma was Head of Marketing Cocoa Beverages at Cadbury Nigeria, responsible for the growth of the business across Nigeria and Ghana as well as leading the Equity and Innovation agenda for the category across Middle East and Africa. Prior to joining Cadbury, Ifeoma worked with Procter & Gamble for over 12-years, holding various senior sales and marketing roles.
   Ifeoma is passionate about the all-round growth of people, especially women. She is the author of the books - 'The Uncommon Woman' and 'Made For MORE' and Founder of the
   Uncommon Woman Movement, an online platform focused on helping career women birth the 'MORE' in them whilst growing in their careers and being a positive pillar in their homes.
   Ifeoma holds a degree in Economics from the University of Jos where she graduated top of her class. She is a Registered Practitioner of the Advertising Practitioners Council of Nigeria and serves as a Non-Executive Director on the board of FINCA Microfinance Bank Limited.
2. The appointment of Mr. Yomi Adenson ("Yomi") as Executive Director, Finance and Risk effective April 1, 2022.
   Yomi Adenson is an adroit finance professional and a seasoned Accountant with 17 years plus experience, contributing to topline growth, business risk assessment and corporate governance, cost analysis, margin management and enhancement of bottom-line performance. His areas of specialty include treasury management, financial control, process improvement, financial planning, tax and regulatory compliance, negotiation, strategy and leadership.

Yomi joined CAP Plc in June 2021 as Chief Finance Officer with responsibility for the finance and risk management functions. Prior to joining CAP Plc, Yomi was the Senior Finance Manager (General Manager - Finance) at Promasidor Nigeria Limited, a company he worked with for over 13 years. Prior to Promasidor, Yomi worked with May & Baker Nigeria Plc and former Dunlop Nigeria Plc.

Yomi has a strong accounting background, a Master's in Business Administration in Finance, and an alumnus of the Manchester Business School Leadership Program, Hub of Finance Transformation and CFO University - USA. He is also a Fellow of the Institute of Chartered Accountant of Nigeria (ICAN), a serving board member of the Taxation and Fiscal Policy of ICAN, and a serving board member of Quality Education for All Students (QEFAS) preparatory school in Nigeria

The Board heartily congratulates Ifeoma and Yomi on their appointment and wishes them the very best in their new roles.

For: Chemical and Allied Products Plc

Ayomipo Wey

Company Secretary/General Counsel