March 2, 2023

GraceKennedy Limited (GK) has advised that, pursuant to the terms of the GraceKennedy “2009 Stock Option Plan for Directors, Managers and Employees” approved by the Stockholders of the Company at an Annual General Meeting held on May 27, 2009, and as part of the Long-Term Incentive Scheme for the employees of the Company 3,839,914 GK shares were approved by GK’s Board of Directors on March 1, 2023, for thirty-one (31) Senior Managers and Executives.

GK has also advised that its Board of Directors at a meeting held March 1, 2023, authorized a buy-back of its shares, subject to the necessary regulatory approvals. GK has also advised that its Annual General Meeting (AGM) will be held on Wednesday, May 31, 2023, at 2:00 p.m. at the GraceKennedy Headquarters, 42-56 Harbour Street, Kingston, Jamaica and electronically via an online platform which can be accessed via our website at www.gracekennedy.com.

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