UNILEVER NIGERIA : UNILEVER NIGERIA PLC NOTIFICATION OF APPOINTMENT OF DIRECTORS

UNILEVER NIGERIA PLC - NOTIFICATION OF APPOINTMENT OF DIRECTORS

This to notify the Nigerian Exchange Limited and investing public that the Board of Directors of Unilever Nigeria PLC (Unilever or the Company) has appointed Ms. Ngozi Edozien as Independent Non-Executive Director and Mr. Bolaji Balogun as Independent Non-Executive Director and Chairman of the Board with effect from today 16th May 2024.

The Board warmly welcomes Ms. Ngozi Edozien and Mr. Bolaji Balogun and wish them all the best in their new roles.

Mr. Bolaji Balogun's Profile

Mr. Balogun is Bolaji is Founder and Chief Executive Officer of Chapel Hill Denham and Chief Investment Officer of the Nigeria Infrastructure Debt Fund. He has over thirty-five years of experience in investment banking, investment management, investing and mobile telecommunications. Chapel Hill Denham,

which he founded in April 2005, is Nigeria's leading investment

bank, its leading alternatives investment manager and impact investment firm focused on areas accretive to Nigeria and

Africa's sustainable development with funds in Infrastructure,

Renewables, Climate, Real Estate, Gender, Venture, and Creative Economy.

Bolaji spent over a decade with FCMB Group, in investment banking and securities trading, until January 2001, when he left to become a co-founder and Director of Econet Wireless Nigeria, now Airtel Nigeria. Bolaji led the fund raising and license bid auction for Econet Wireless Nigeria's USD285 million GSM license. He joined the business from inception as Chief Business Development & Strategy Officer and was appointed Chief Marketing Officer in October 2001. The US1.67 billion sale of Econet Wireless to Celtel in 2005, remains Nigeria's single largest successfully exited private investment. Bolaji left mobile telecommunications and returned to financial services when he founded Chapel Hill in 2005. Prior to Econet Wireless and from April 1993 to January 2001, he was Executive Director/COO at CSL Stockbrokers Limited. Bolaji was Executive Director, FCMB Capital Markets from January 1996.

Directors: Bolaji Balogun (Chairman), Tim Kleinebenne (Managing Director) (German), Ben Langat (Kenyan), Abiola Alabi (Mrs), Ammuna Lawan Ali OON, Michael Ikpoki, Chika Nwobi, Folake Ogundipe (Mrs), Obinna Emenyonu, Ngozi Edozien

Bolaji is a Board Member of the United Nations Global Compact and is Co-Chair of the Private Sector Advisory Group on the SDGs. He is Chairman of Endeavor Nigeria and a Director of Trustfund Pensions, one of Nigeria's largest pension fund managers. He is a former Chairman of Lafarge Africa Plc and Nahco FTZ Limited, a former Director of Nahco Aviance Plc and NASD OTC Plc. Bolaji was appointed to the Johannesburg Stock Exchange, Africa Advisory Board in September 2009.

Bolaji is an Economics (Honours) graduate of the London School of Economics. He was educated at Charterhouse, Godalming, Surrey, United Kingdom and at Igbobi College, Lagos, Nigeria.

Ms. Ngozi Edozien's Profile

Ms. Edozien is a well-rounded business professional with over 35 years of Global leadership experience spanning Management Consulting; General Management; Private Equity/Venture Capital; Finance, Sustainability and Strategic Planning/Business Development in multi-national companies in Europe, USA, and Africa.

She had her education in the Harvard and Radcliffe Colleges,

Harvard University and also obtained her Master of Business

Administration from the Harvard Business School, Harvard University. Ngozi's Professional

experience cuts across JP Morgan & Company, INC, New York, and Pfizer Global Pharmaceuticals (PGP) Planning and Business Development which are both Fortune 500 companies. She is the founder and Managing Director of Invivo Partners Limited, a firm founded to do principal investing, advisory and operational support to investee companies (SMEs and start-ups) and was prior to this, the CEO of Actis West Africa (Actis LLP).

Aside her professional experience, Ngozi has a robust board experience to her arsenal. Her board experience cuts across organisations in the finance and manufacturing sectors, amongst others. She has served as a non-executive board member to companies such as Stanbic IBTC Holdings (Nigeria), Barloworld Plc JSE, South Africa), PZ Cussons Plc (LSE listed), UAC Plc (Nigeria), Seven Energy (UK), Mouka Foam (Nigeria), Pagatech Limited (Nigeria), Physio Centres of Africa (Nigeria) and Africa Investor Magazine Board. She currently sits on the board of Imperial Brands PLC (UK), Bank of Africa/BMCE Group (Morocco) Diageo/Guinness Nigeria PLC; Ikeja Hotels Plc, Nigeria. Participate on Remuneration, Audit, People and Governance and Strategy Committees. She also sits as a board member to nonprofit organisations like Harvard Club of Nigeria where she is the Treasurer and the Society for Art Collection Nigeria.

Following the above appointment, the current Board composition of Unilever Nigeria Plc. is as follows:

1. Mr. Bolaji Balogun - Chairman / Independent Non-Executive Director
2. Mr. Tim Kleinebenne (German) - Managing Director
3. Mr. Michael Ikpoki - Independent Non-Executive Director
4. Mr. Ben Langat (Kenyan) - Non-Executive Director
5. Mrs. Abiola Alabi - Independent Non-Executive Director
6. Madam Ammuna Lawan Ali OON - Independent Non-Executive Director
7. Mr. Chika Nwobi - Independent Non-Executive Director
8. Ms. Ngozi Edozien - Independent Non-Executive Director
9. Mrs. Folake Ogundipe - Executive Director
10. Mr. Obinna Emenyonu - Executive Director

AFOLASADE OLOWE

SENIOR COUNSEL AND COMPANY SECRETARY