Tate & Lyle Regulatory News (TATE)

Tate & Lyle PLC - 9 February 2022

Dawn Allen Appointed Chief Financial Officer of Tate & Lyle PLC

Tate & Lyle PLC (Tate & Lyle) is pleased to announce the appointment of Dawn Allen to the position of Chief Financial Officer, and to the Board of Tate & Lyle, with effect from 16 May 2022.

Dawn Allen joins Tate & Lyle from Mars, Incorporated where she has been Global CFO & VP, Global Transformation since 2020. Prior to that, during a 25-year career at Mars, she has held a number of senior financial roles in Europe and the US including Global Divisional CFO, Food, Drinks and Multisales and Regional CFO Wrigley Americas.

Nick Hampton, Chief Executive said: "I am delighted to welcome Dawn to Tate & Lyle. With over two decades of experience in the global food industry and a proven track record of financial leadership, Dawn is an outstanding addition to our executive team. I very much look forward to working with her and continuing to drive our growth agenda as Tate & Lyle enters a new chapter as a focused global food and beverage solutions business."

Gerry Murphy, Chairman said: "Dawn's extensive financial, commercial and international experience will be of great value to Tate & Lyle and she is a very welcome addition to our Board."

End

For more information contact Tate & Lyle PLC:

Christopher Marsh, VP Investor Relations

Tel: Mobile: +44 (0) 7796 192 688

Nick Hasell, FTI Consulting (Media)

Tel: Mobile: +44 (0) 7825 523 383

Notes:

1) Dawn Allen's Biography

Dawn Allen, 53, started her career in 1991 working for the auditing firm EY based in the UK. In 1995, she joined Courtaulds plc in their Corporate Finance department before moving to Mars, Incorporated in 1997 initially to work as Europe Confectionary Finance Manager spending some time based in the Netherlands. She returned to the UK in 2000 taking on Sales Finance and Financial Controller roles before being appointed as Country CFO Mars Chocolate UK in 2007.

In 2013 she moved to Chicago to act as Regional CFO Wrigley Americas before moving back to London in 2016 to take on the role of Global Divisional CFO, Food, Drinks and Multisales. Then, in 2020, she was appointed to her current position at Mars of Global CFO & VP, Global Transformation.

Dawn is also a Non-Executive Director of Tasty Bite Eatables Ltd, a public company based in India. She holds a Bachelor of Science in Chemistry at Bath University, UK, and is a member of the Institute of Chartered Accountants of England and Wales.

For rights free photos of Dawn Allen, please contact mediarelations@tateandlyle.com or call Esyllt Dafydd, Global Corporate PR Manager at Tate & Lyle on +44 (0)7775 544 136.

2) Remuneration Arrangements

Dawn Allen is appointed on an annual salary of £475,000. This will next be reviewed in April 2023. She will participate in our established executive director incentive arrangements, currently comprising, in summary:

· Annual discretionary bonus: 75% of salary at target and a maximum opportunity of 150% of salary, subject to performance conditions; with awards in excess of 100% of salary made as shares which are released after 24 months.

· Long-term (Performance Share Plan) awards of up to 300% (maximum) of base salary, subject to specified performance conditions over a three-year performance period, with shares subject to a further two-year post-vesting holding period.

She is required to accumulate a shareholding in Tate & Lyle equivalent to three times base salary within five years of joining.

To compensate Dawn for incentive awards that she will forfeit at Mars, Incorporated, Tate & Lyle will make her two performance-based Awards over Tate & Lyle shares: (i) an Award with a headline value of £785,000 which will be capable of vesting on the first anniversary of employment with Tate & Lyle, subject to achievement of performance conditions relating to specified individual and business objectives; and (ii) an Award with a headline value of £950,000, subject to the same performance conditions as Performance Share Plan Awards made to Executive Directors in 2021, and capable of vesting following the announcement of full year financial results for the year ending 31 March 2024. These compensatory awards will be subject to forfeiture/repayment in full if she ceases to be employed in the first 36 months of employment due to her resignation or dismissal for cause.

3) CFO Succession

Dawn Allen succeeds Vivid Sehgal as Tate & Lyle's Chief Financial Officer who, as announced on 3 November 2021, left the company on 31 December 2021.

4) Disclosures

Other than as disclosed above, no other information is required to be disclosed pursuant to paragraph 9.6.13R of the Listing Rules in respect of Dawn's appointment.

5) About Tate & Lyle

Tate & Lyle PLC is a leading global provider of food and beverage ingredients and solutions. Supported by our 160-year history of ingredient innovation, we partner with customers to provide consumers with healthier and tastier choices when they eat and drink. We are proud that millions of people around the world consume products containing our ingredients every day.

Through our expertise in sweetening, mouthfeel and fibre fortification, our Food & Beverage Solutions business develops solutions which reduce sugar, calories and fat, add fibre, and provide texture and stability in categories including beverages, dairy, bakery, soups, sauces and dressings. Our Primary Products business produces nutritive sweeteners, industrial starches used in paper and packaging, acidulants and products used for animal nutrition.

We have around 4,400 employees working in more than 60 locations across 30 countries. Tate & Lyle's purpose is Improving Lives for Generations and through our purpose we believe we can successfully grow our business and have a positive impact on society. We live our purpose in three ways, by supporting healthy living, building thriving communities and caring for our planet.

Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2021, Tate & Lyle sales totalled £2.8 billion. For more information, please visit https://www.tateandlyle.com or follow Tate & Lyle on Twitter, Linkedin or Facebook.