Chairman’s Annual General Meeting Statement

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At the Annual General Meeting of Tate & Lyle PLC in London today, Sir David Lees, Chairman, made the following statement on current trading: We are at an early stage in our current financial year but I am pleased to report that trading in the quarter ended June 2002 is above our internal expectations with profits in all our major business units meeting or exceeding plan. Our Amylum integration programme is proceeding to plan and we remain confident of delivering net savings of £10 million during the year. The profit before tax, exceptional items and goodwill amortisation of the Group for the first quarter is considerably better than the comparative period last year, partly due to the divestment of the loss making Domino Sugar business. Further progress has been made in reducing net debt since the year end. In the outlook paragraph in my statement in the Annual Report I said that we had reasons to view the current year with increased confidence. Given the underlying trading to date, that view is reinforced.

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About Tate & Lyle: 
Supported by our 160-year history of ingredient innovation, we partner with customers to provide consumers with healthier and tastier choices when they eat and drink. We are proud that millions of people around the world consume products containing our ingredients every day.

Through our expertise in sweetening, fortification, and texture, we develop ingredient solutions which reduce sugar, calories, and fat, add fibre and protein, and provide texture and stability in categories including beverages, dairy, bakery, snacks, soups, sauces, and dressings.

We have more than 3,500 employees working in around 57 locations across 39 countries. Science, Solutions, Society is our brand promise and how we will achieve our purpose of Transforming Lives Through the Science of Food. By living our purpose we believe we can successfully grow our business and have a positive impact on society. We live our purpose in three ways, by supporting healthy living, building thriving communities and caring for our planet.

Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2023, Tate & Lyle revenue from continuing operations totalled £1.75 billion. For more information, please visit https://www.tateandlyle.com or follow Tate & Lyle on LinkedinX (Twitter)Facebook or YouTube