Outcome of Board Meeting - Change in Management

UBL's board approved a change in its Supply Chain leadership at a meeting held on May 7, 2025. Mr. Wiggert Deelen, Senior Director – Supply Chain, will resign effective August 15, 2025, due to a change in his role within parent HEINEKEN. Mr. Xavier Jadin, currently Director for HEINEKEN's Caribbean, Panama, Ecuador and Peru operations, will take over as Senior Director – Supply Chain from July 1, 2025. Xavier brings over two decades of supply chain leadership across HEINEKEN markets in France, Africa and the Caribbean. The change ensures a roughly six-week overlap period for a smooth transition.