Commentary on the Results:
Cropping patterns and therefore prices were erratic through the year. Low supply initially forced prices up before giving way to extremely favourable conditions, supply surged and prices crashed. Whilst the Company honoured long term contract commitments to partially miss out on the initial strength of the market, an increase in crop of 11%, higher turnover on higher prices and weak shilling have all contributed to the increase in profitability. Higher inventory levels (unsold tea) also reduced the cost of sales and as a result the Company has reported an operational profit of KShs 136 million against KShs 48 million in the previous year.

NOTICE OF MEETING

NOTICE IS HEREBY GIVEN that the SIXTY SEVENTH ANNUAL GENERAL MEETING of the Shareholders will be held at the Nairobi Club, Ngong Road, on Wednesday 13 July 2016 at 10.00 a.m
for the following purpose:

Ordinary Business:
1. To receive and adopt the report of the Directors together with the audited financial
statements for the year ended 31 March 2016.
2. To declare a dividend.
3. To elect Directors:
i) In accordance with Article 95 of the Company’s Articles of Association, Mr.Ezekiel N K Wanjama, retires by rotation and offers himself for re-election.

ii) In accordance with Article 95 of the Company’s Articles of Association, Mr.Philip Magor, retires by rotation and offers himself for re-election.

4.To approve the remuneration of the Directors.
5. To authorize the Directors to reappoint / appoint Auditors and agree their 
remuneration.
6. To transact such other business as may be brought before the meeting.