Disclosure of the Material Information about Kwality Wall s (India) Limited - Intimation under Regulation 30 and Regulation 30A read with Clause 5A of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Hindustan Unilever (HUL) has disclosed that its parent Unilever Group and the newly formed The Magnum Ice Cream Company HoldCo (Magnum HoldCo) have signed a Share Purchase Agreement (SPA) on June 25, 2025, under which Magnum HoldCo will acquire the 61.9% stake that Unilever Group will hold in Kwality Wall's (India) Limited (KWIL) once HUL's ice cream business demerger is completed. Under the demerger (already approved by HUL's board in January 2025 and cleared by NSE/BSE observation letters in May 2025), HUL shareholders will receive 1 KWIL share for every HUL share held at the record date. Completion of the SPA is subject to the successful demerger and listing of KWIL, statutory approvals, and an open offer by Magnum HoldCo to the public shareholders of KWIL under SEBI's Takeover Regulations. Post-completion, KWIL will become a subsidiary of Magnum HoldCo, part of the new global Magnum Ice Cream Company that is being demerged from Unilever and will list in Amsterdam, London, and New York by Q4 2025. A licensing arrangement for ice cream-related IP rights in India has been agreed to continue at least until February 1, 2028.