T H E S P I R I T O F J A M A I C A I N S P I R I N G T H E W O R L D annual report 2019

GraceKennedy has been serving the needs of Jamaicans at home and across the world since its birth in 1922. Ninety-eight years later, our market spans many different countries, and our audience is broad and diverse. Our company has taken the best of brand Jamaica, and spread it to the world. In our quest to continue that journey in a strategic and deliberate way, we have engaged and aligned with individuals who we feel are doing the same thing we are, to become our Brand Ambassadors. They represent the essence of our brand - strength, principle, determination - the best in their fields in the world. They are Alia Atkinson, Hansle Parchment, Kemar “Ding Dong” Ottey, and Shelly-Ann FraserPryce. GraceKennedy’s journey to becoming a Global Consumer Group continues, and we work towards that goal while demonstrating the best of what Jamaica has to offer, embodying the theme, “The Spirit of Jamaica Inspiring the World.”

OUR MISSION OUR VISION To deliver the taste and experience of Jamaican and other multicultural foods to the world, and leading ܪSFSHNFQXJW[NHJXYTTZWWJLNTS To be a Global Consumer Group, delivering long-term consumer and shareholder value through brand building and innovative solutions in food and ܪSFSHNFQXJW[NHJXUWT[NIJIG^MNLMQ^XPNQQJI FSIRTYN[FYJIUJTUQJ Our Mission & Vision / 5 ” ”

HONESTY | INTEGRITY | TRUST

9 85 91 104 12 18 108 123 102 14 26 139 16 69 Group Audit Committee Report Leadership Team & Corporate Data Notice of Annual General Meeting Audited Financial Statements Stockholders’ Report 2019 Interview with Don Management Discussion & Analysis Ten-Year Financial Review GraceKennedy Around the World Directors’ Report From Jamaica to the World Corporate Governance & Nomination Committee Report Corporate Social Philanthropy Responsibility CONTENTS TABLE OF

CEO

GraceKennedy recorded a historic 2019, achieving revenues of J$100 billion three years ahead of our 2022 target. At the end of the year, our company’s performance was reinforced by the prestigious Jamaica Stock Exchange Governor General’s Award for Excellence, presented to the company that ranks highest in the areas of investor relations, corporate disclosures, corporate governance, website design, annual reporting and overall performance on the Stock Exchange. For us, that was the ultimate cap on a challenging and rewarding year. Our team across the world worked closely and dedicatedly to deliver these results and I am very proud of them, and what we were able to achieve, together. What kind of year was 2019 for GraceKennedy? What’s in store for GK into 2020? What’s going to be the secret to GK’s success in 2020? Tell us about this year’s theme I wouldn’t call it a secret, because it’s the reason GK continues to achieve success. It comes down to sound strategy, executed by a great and committed team. I am so proud to lead GraceKennedy at such an exciting time in the company’s journey. The theme for this year’s Report, and for the business across the world, came out of a brainstorming session, where we asked ourselves what the GraceKennedy brand really represents to Jamaica, Jamaicans and our wider markets. There were several ideas, but the one we signed off on sparked consensus across the business. GraceKennedy started as a humble company, with ambitious goals and aspirations. Jamaicans at home and abroad feel a sense of pride when they see how the company has grown with quality and care as our hallmarks, and guided by our values of Honesty, Integrity and Trust. That is the essence of Jamaicans. We make our presence felt in a positive way wherever we go. We make an impact. That is what GraceKennedy has done for 98 years, and will continue to do. We’re grateful to everyone who has supported us along that journey, and I FRHTSܪIJSY\MJS.XF^YMFYYMJGJXYNX^JYYTHTRJ In 2019, we took the time to identify several areas of opportunities which will enable further growth for GraceKennedy, and those opportunities form the basis of our strategic drivers and our strategic vision for 2020. 4ZW[NXNTSNXXTHQJFW