M.P. Evans Group (MPE) AGM 2025 summary

Opening remarks and agenda

• Meeting commenced at noon with confirmation of quorum and live-streaming for remote stakeholders.

• Board members present, with acknowledgment of Tania's absence due to a family event.

• Tribute paid to retiring director Bruce for nine years of service and announcement of Kate Coppinger as incoming independent director.

Board and executive committee updates

• Kate Coppinger, with significant oil and gas sector experience, to join as independent director and chair the Remuneration Committee.

• Michael confirmed as Senior Independent Director and Chair of the Audit Committee.

• Ravi Chandran, President Director of Indonesian operations, recognized for leadership.

Financial performance review

• 2024 delivered record results: gross profit up 49% and earnings per share up by two-thirds to nearly GBP 1.30.

• Dividends per share increased from less than GBP 0.10 in 2014/15 to over GBP 0.50 for 2024.

• Trading update for first five months of 2025 shows over 10% increase in harvested crop and higher product prices.

• Palm kernel prices up over 80% compared to the previous year.