Wilmar unit to make further investment in Pakistan-listed Unity Foods.

Karachi, March 20, 2024 – Wilmar Pakistan Holdings Pte. Ltd. (“WPH”, a wholly owned direct
subsidiary of Wilmar International Limited), Unity Wilmar Agro (Private) Limited (“UWA”, a 52%
subsidiary of WPH) and certain shareholders of Unity Foods Limited (“UFL”) have, through Arif Habib
Limited (in its capacity as the manager to the public offer), made a public announcement to the
Pakistan Stock Exchange Limited of their intention to acquire up to 277,070,908 shares of UFL in the
public offer, at the price that complies with the pricing formula and other applicable Pakistan laws
and regulations including the Securities Act 2015 and Listed Companies (Substantial Acquisition of
Voting Shares and Takeovers) Regulations 2017 (“PAI”).
UFL, a public company listed on the Pakistan Stock Exchange Limited, is principally involved in the
manufacturing and processing of edible oils, industrial fats, flour and various feed ingredients for
Pakistan’s poultry and livestock sectors.
Wilmar International Limited (“WIL”), an esteemed Fortune 500 company, reaffirms its commitment
to Pakistan’s economy through its investment in Unity Foods Limited (UFL), demonstrating
confidence in the resilience and potential of Pakistan’s economic landscape. This collaboration not
only strengthens bilateral business ties but also underscores Unity Foods Limited’s pivotal role in
attracting foreign investment, fostering economic growth, and facilitating development in Pakistan.
Wilmar International Limited is the ultimate acquirer or the ultimate controlling shareholder of
Wilmar Pakistan Holdings Pte. Ltd. WIL also ultimately controls Unity Wilmar Agro (Private) Limited
(”UWA”), with an effective shareholding interest of 52% in UWA.
WlL, founded in 1991 and headquartered in Singapore, is today Asia’s leading agribusiness group.
WIL is ranked amongst the largest listed companies by market capitalisation on the Singapore
Exchange. The business activities of WIL and its group companies (“Wilmar Group”) include oil palm
cultivation, oilseed crushing, edible oils refining, flour and rice milling, sugar milling and refining,
manufacturing of consumer products, ready-to-eat meals, central kitchen products, specialty fats,
oleochemicals, biodiesel and fertilizers as well as food park operations. Wilmar Group has over 1,000
manufacturing plants and an extensive distribution network covering China, India, Indonesia and
some 50 other countries and regions. Through scale, integration and the logistical advantages of its
business model, Wilmar Group can extract margins at every step of the value chain, thereby reaping
operational synergies and cost efficiencies. Supported by a multinational workforce of about
100,000 people, Wilmar Group embraces sustainability in its global operations, supply chain and
communities.
With this intended increase in shareholding, Wilmar Pakistan Holdings Pte. Ltd. and its partners look
forward to contributing significantly to the growth and prosperity of Unity Foods Limited and the
broader Pakistani economy.