5 september 2024

Associated British Foods plc

Directorate change

Associated British Foods plc (the 'Company') is pleased to announce that Loraine Woodhouse is to be appointed as a Non-Executive Director of the Company with effect from 1 October 2024. Loraine will become a member of the Audit and Remuneration Committees on appointment. It is also intended that Loraine will chair the Audit Committee from 24 April 2025, with Richard Reid having reached nine years as a Non-Executive Director.

Loraine has extensive experience across all finance disciplines and has worked within many different sectors including retail, food and real estate. This has included roles as Finance Director of Waitrose, Chief Financial Officer of Hobbs, Finance Director of Capital Shopping Centres Limited and Finance Director of Costa Coffee.

Loraine currently serves as a Non-Executive Director and Audit Committee Chair of Pennon Group plc and The British Land Company plc.

Loraine was previously a Non-Executive Director of The Restaurant Group plc (from 4 July 2022 to 21 December 2023) and of Bristol Water plc (from 1 December 2022 to 1 February 2023) and was Chief Financial Officer of Halfords Group plc (from 1 November 2018 to 16 June 2022).

The Company confirms that there are no further details to disclose under paragraph 6.4.8R of the Listing Rules in respect of the new director.