Williamson and Kapchorua Tea Kenya Plc Profit Warning Statement, Issued May 2025

Williamson Tea Kenya Plc. Profit Warning Announcement

The Board of Directors of Williamson Tea Kenya Plc (the “Company”) wishes to inform its shareholders, and interested parties that the Company’s after tax earnings for the financial year ended 31st March 2025 are projected to decline by more than 25% of the net earnings reported in the financial year ending 31st March 2024.

The drop in profits is largely attributed to depressed market prices following an oversupply of tea against demand as well as a strong Kenya shilling against the US Dollar.

The Board and management continue to address strategic cost, operational efficiency and product quality initiatives to deliver improved results.

Kapchorua Tea Kenya Plc Profit Warning Announcement

The Board of Directors of Kapchorua Tea Kenya Plc (the “Company”) wishes to inform its shareholders, and interested parties that the Company’s after tax earnings for the financial year ended 31st March 2025 are projected to decline by more than 25% of the net earnings reported in the financial year ending 31st March 2024.

The drop in profits is largely attributed to depressed market prices following an over supply of tea against demand as well as a strong Kenya shilling against the US Dollar.

The Board and management continue to address strategic cost, operational efficiency and product quality initiatives to deliver improved results.

BY ORDER OF THE BOARD

G.K. MASAKI Company Secretary

20th May 2025