Announcement

Re: Hail & Cotton (Malawi) LimitedJanuary 19, 2023

In line with our vision and strategy, we are pleased to announce that the Hail & Cotton International Group (HCIG) has established Hail & Cotton (Malawi) Limited, a wholly owned HCIG subsidiary.

This move enables us to align our Malawian operation with our preferred Integrated Production System (IPS) model to give us better visibility across our supply chain, enhanced security of supply and the ability to implement robust responsible and sustainable practices throughout the business.

We look forward to speaking with you in more detail about our exciting initiative and to being of service to you.

Yours sincerely,

Andy Spies

President – International Operations