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Company Response

11 Jul 2024

Lipton response re sale of Kenyan tea estates

[...]

All the parties who expressed an interest in acquiring these tea estates .... were fairly considered, given equal access to the sale process and transparently engaged with throughout. The sale was overseen by local and international experts and structured to ensure compliance with all laws, including all relevant land-related laws.

[...]

Browns was chosen based on their track record in the sector; their ability to invest in and sustain large scale tea estates, its workers and their families; and their commitment to employees, tea communities, and industry-wide transformation. By working together, the two companies will improve tea quality globally and accelerate the use of responsible farming methods across the industry to drive sustainable growth that benefits everyone.

[...]

Questions about Browns and their shareholders should be directed to them directly.

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