TATO HOLDINGS LIMITEDSECTION 172(1) STATEMENT
The Board of Directors is fully aware of its roles and responsibilities within the organisationand must always act in ways that add sustainable long-term value to our business for thebenefit of all our stakeholders. The principal responsibilities of the Board is to lead theGroup’s strategic purpose from Commercial, Financial, Technological and Sustainable
perspectives and ensure that the Group’s culture is fully aligned with these.
It monitors the Group’s performance in delivering its strategy, ensuring that the required
resources are in place for the Group to meet its objectives, analyse the trends and assess
the opportunities and risks that they may present. The Board has established a frameworkof prudent controls that enable these risks to be managed and engage with all stakeholders
to ensure that its views and concerns are considered.
This will be achieved by carrying out a rolling agenda which will cover both past performanceand thinking for the future and will be reviewed against several specific KPI’s that are notjust linked to financial performance such as sales, profit, and working capital ratios but arecorrelated with our strategic vision that includes environmental, community impact andgovernance aspects.
This process will be carried out by validation and engagement with all of the key drivers
within our business model; customers, employees, shareholders, suppliers, investment
decisions, CSR Policy and corporate governance.
The Group has a Code of Conduct which was rolled out in 2022 and this aims to ensure thatour values of Trust, Honesty, Optimism, Respect are widely communicated across theGroup. The Code provides guidance on the standards of integrity and ethics expected by us
to better enable the future development of our business. The Group also operates a
Whistleblowing line, which is monitored by the Group Compliance Manager and anynecessary actions are taken.
The Board has appointed a sub-committee to bring a strong focus to ethics and compliance.
The Ethics Committee meets three times per year and is made up of the Group CEO, Group
CFO, Group COO EMEA and the Group Compliance Manager.
As expectations continue to increase about the role of business in society it is important thatthe Board hears first hand from stakeholders about their perceptions of our performance andthe opportunities and challenges that lie ahead:--regular updates are provided to our major shareholder base through their attendance
at Main Board meetings with discussions focused on strategic planning, sustainability
and corporate governance. This will continue throughout the coming year withadditional emphasis placed on the environment, climate change and community
impact. This enables a flow of communication in both directions so that theshareholders are able to express their wishes for the Group and the Board canexplain the strategy to achieve these wishes having regard to other stakeholders.
There are two non-executive Directors appointed to the Board to provide additionaloversight and expertise as the Group looks to continue its Global expansion plans.
The Board creates excellent workplace environments to encourage staff retention
and loyalty, this is borne out by low staff turnover and a high number of long serving
employees.

TATO HOLDINGS LIMITED
Wincham Avenue  Wincham  Northwich  Cheshire CW9 6GB  ENGLAND
Tel: +44 (0)1606 818800
Registered in England No. 3258156

TATO HOLDINGS LIMITED
During 2023, Management implemented the first Employee Engagement Survey (EES). All
employees were asked to provide their feedback on a range of topics, ranging from working
conditions, to communication, to peer feedback, to employee safety, to pay and finallydiversity and inclusion. The response rate was high at 75% allowing Management to gain areal perspective into what our employees thought. The result of this EES has been thepublication and implementation of an action plan based around seven key themes whichcame across in the employee responses. In addition to the Group action plan, each site
produced their own local action plan to address any issues highlighted which were more
local in nature.
The Board believes that a close working relationship with our employee groups and ourpartners is key to the continued success of the Group and a cornerstone of our businessmodel. Whilst 2023 proved to be another challenging year, the Group have emerged from itstronger than ever, thanks to our robust business model and the resilience and commitmentof our employees and the long-term partnerships with customers and suppliers alike.
As a result of our 2023 activities the Group will pay €24.4 million in current corporate taxes
around the world assisting our host Governments to provide important services to theircitizens and to pursue their economic objectives, and our direct economic contribution to the
local communities in which we operate was €0.7 million, paid through our policy of donatinga target percentage of pre-tax profits to local communities and charitable organisations.
There were no political donations made during the year.
During the year the Company paid out €51,900,000 to its shareholders from its reserves.
The Directors considered the impact of this distribution on the Company’s long-term interestsand its creditors in making this decision and concluded that the Company’s solvency andinterests were not prejudiced in any way given the Company’s available cash anddistributable reserves. The Company will continue to review its on-going dividend policy inline with its investment plans and business objectives.
We have learned from the period during the pandemic and understand the flexibility thatsome element of working from home affords to some families. We continue where possible
to facilitate our employees working from home, with regular contact in place withmanagement to ensure employee well-being.
With the backdrop of a very dynamic and changing business environment, the Group has
produced cashflow forecasts for full year 2024 and financial plans through to 2028, and witha strong balance sheet and continuing investment in high value growth, capability,employees and sustainability, the Group is well positioned to be resilient and thrive in a newworld of complexity.

TATO HOLDINGS LIMITED
Wincham Avenue  Wincham  Northwich  Cheshire CW9 6GB  ENGLAND
Tel: +44 (0)1606 818800
Registered in England No. 3258156