Kakuzi Land Claims

Summary by AI ^BETAClose X

Camellia Plc has noted an announcement from Kakuzi plc regarding adverse recommendations from Kenya's National Land Commission for the surrender of approximately 3,200 acres of agricultural land. Kakuzi, in which Camellia holds a 50.7% stake, disputes these recommendations, asserting clear title to the land and has initiated legal proceedings to challenge the NLC's findings. Camellia believes this matter will not materially impact its financial performance or the outcome of its Value Enhancement Plan.

Disclaimer*

Camellia PLC

27 November 2025

Camellia Plc

27 November 2025

Camellia plc ('Camellia') notes the recent announcement by Kakuzi plc ('Kakuzi') relating to adverse recommendations issued by the National Land Commission (NLC), Kenya, in connection with historical land claims which call for the surrender of approximately 3,200 acres of Kakuzi's agricultural land holdings. Camellia has disclosed land claims as a risk in its previous annual reports.

Kakuzi has been advised by legal counsel that it holds clear and valid title to the subject lands, and that its rights to own legally acquired title is protected under the Kenyan Constitution. Kakuzi has consistently contested the claims and does not accept the NLC's recommendations. Acting on legal advice, Kakuzi has commenced proceedings to challenge the NLC's recommendations.

Camellia owns 50.7% of Kakuzi, a company listed on the Nairobi and London Stock Exchanges. Camellia considers that this matter will not affect delivery or outcome of its Value Enhancement Plan or have a material impact on its financial performance.

ENQUIRIES

Camellia Plc 01622 746655

Byron Coombs Chief Executive Officer

Oliver Capon, Chief Financial Officer

Panmure Liberum 020 7886 2500

Nominated Adviser and Broker

Emma Earl

Will Goode

Rupert Dearden

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END