Kerry Regulatory News (KYGA)

NOTIFICATION OF MAJOR HOLDINGS(to be sent to the relevant issuer and to the Central Bank of Ireland)i

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Kerry Group plc

2. Reason for the notification(please tick the appropriate box or boxes):

[x] An acquisition or disposal of voting rights

[ ] An acquisition or disposal of financial instruments

[ ] An event changing the breakdown of voting rights

[ ] Other (please specify)iii:

3. Details of person subject to the notification obligationiv :

Name: Royal Bank of Canada (RBC)

City and country of registered office (if applicable):

Montreal, Québec, Canada

4. Full name of shareholder(s)(if different from 3.)v: See item 10

5. Date on which the threshold was crossed or reachedvi:

November 6, 2023

6. Date on which issuer notified:

November 17, 2023

7. Threshold(s) that is/are crossed or reached:

Voting rights attached to shares held by RBC entities have decreased below 3%.

8. Total positions of person(s) subject to the notification obligation:

% of voting rights attached to shares (total of 9.A)

% of voting rights through financial instruments

(total of 9.B.1 + 9.B.2)

Total of both in % (9.A + 9.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

2.913%

0.064%

2.977%

177,131,119

Position of previous notification (if applicable)

9. Notified details of the resulting situation on the date on which the threshold was crossed or

reachedviii:

A: Voting rights attached to shares

Class/type of shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

Indirect

Direct

Indirect

IE0004906560

N/A

5,159,951

N/A

2.913%

SUBTOTAL A

5,159,951

2.913%

B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations

Type of financial instrument

Expiration datex

Exercise/ Conversion Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

American Deposit Receipts (ISIN: US4924601002)

N/A

N/A

113,468

0.064%

SUBTOTAL B.1

113,468

0.064%

B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations

Type of financial instrument

Expiration datex

Exercise/

Conversion Period xi

Physical or

cash settlementxii

Number of voting rights

% of voting rights

SUBTOTAL B.2

10. Information in relation to the person subject to the notification obligation(please tick the applicable box):

[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii

[X] Full chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

Royal Bank of Canada (RBC)

Royal Bank Holding Inc.

Capital Funding Alberta Limited

RBC Global Asset Management Inc.

RBC

RBC Holdings (Channel Islands) Limited

Royal Bank of Canada (Channel Islands) Limited

RBC

RBC Dominion Securities Limited

RBC Dominion Securities Inc.

RBC

RBC Europe Limited

RBC

Royal Bank Holding Inc.

RBC Phillips, Hager & North Investment Counsel Inc.

RBC

Royal Bank Holding Inc.

RBC Private Counsel (USA) Inc.

RBC

RBC US Group Holdings LLC

RBC USA Holdco Corporation

RBC Capital Markets, LLC

City National Bank

City National Rochdale Holdings LLC

City National Rochdale, LLC

RBC

RBC US Group Holdings LLC

RBC USA Holdco Corporation

City National Bank

RBC Trust Company (Delaware) Limited

RBC

Royal Trust Corporation of Canada

RBC

RBC Dominion Securities Limited

RBC Dominion Securities Inc.

RBC Dominion Securities Global Limited

RBC

RBC Holdings (Channel Islands) Limited

RBC Wealth Management (Jersey) Holdings Limited

Bewin Dolphin Holdings Limited

Brewin Dolphin Limited

RBC

RBC Holdings (Channel Islands) Limited

RBC Wealth Management (Jersey) Holdings Limited

Bewin Dolphin Holdings Limited

Brewin Dolphin Wealth Management Limited

11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]

12. Additional informationxvi: