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PR.  414/2020-FML FAN MILK INTERNATIONAL A/S ACQUIRES 5.46% OF THE ISSUED SHARES IN FAN MILK GHANA

FML announces that Fan Milk International A/S has on the 29 th September 2020 acquired 5.46% of the issued shares in FML.

The Free of Payment (FoP) transaction was executed in Ghana and involved the purchase of 6,345,563 ordinary shares in FML. The shares were previously held by Hongkong Shanghai Arisaig Africa Consumer Fund.

This acquisition takes Fan Milk International A/S current shareholding in FML to
62.10%.

Issued in Accra, this 12th day of October, 2020.