CHOC.L Regulatory News (CHOC)

7 September 2016

United Cacao Limited SEZC

("United Cacao" or the "Company")

Directorate Change

United Cacao Limited SEZC (AIM: CHOC), the AIM-quoted cacao plantation company based in Peru, is pleased to announce that Mr Graeme Iain Brown has joined as a non-executive director replacing Mr Roberto Tello who is stepping down from the Board with immediate effect.

Mr Brown has extensive experience in the plantation industry having founded and run several large-scale agricultural enterprises.

Dennis Melka, Chairman and Chief Executive Officer, commented:

"Mr Brown strengthens the board as a director through his more than 20 years of operational experience and extensive strategic relationships across the plantation sector in Southeast Asia. The cacao market is fundamentally being driven by rising Asian demand and some of the world's largest agricultural enterprises are based in Southeast Asia. Furthermore, Mr Brown complements the board's strengths and positions the business well for the future.

"The Board would like to thank Roberto for his significant contribution to United Cacao before and since the company listed on AIM. The Board and Roberto recognise the need for a different skillset, as the company begins to make the transition to a producing cacao business.

"It is our intention to continue to strengthen the Board of Directors over the coming months and we look forward to updating shareholders in due course."

Graeme Iain Brown commented:

"United Cacao has accomplished unprecedented achievements in the cacao sector since its admission to AIM and I am honoured to join this rapidly growing company. Peru offers excellent conditions, in particular freehold land, for plantation companies and a superb growing environment. I expect the general plantation industry, largely based in Southeast Asia, to take increased interest in this region in the years ahead."

The following information is disclosed pursuant to schedule 2 (g) of the AIM Rules

Mr Graeme Iain Brown, aged 45, is or has been a director of the following companies during the previous five years:

There is no further information to be disclosed pursuant to paragraph 2(g) of Schedule 2 of the AIM Rules.

For more information please visit www.unitedcacao.com or contact:

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").