**Champion Breweries Takes a Giant Leap into African Markets** In a significant move that is set to redefine the beverage industry in Nigeria and beyond, Champion Breweries Plc has successfully completed the acquisition of the Bullet brand portfolio from Sun Mark. This strategic expansion marks a major milestone in the company's journey to become a leading pan-African beverage platform. The acquisition, which was announced in August 2025, gives Champion ownership of the Bullet brand assets, trademarks, and commercial rights globally. This move positions the company to scale beyond Nigeria's borders, leveraging its presence in 14 African markets to tap into the high-growth ready-to-drink (RTD) alcoholic and energy drink segments. Bullet, a household name in Nigeria, is known for its flagship product, Bullet Black, which is the leading RTD alcoholic beverage in the country. The brand has also built a strong presence in the energy drink category across several African markets. With this acquisition, Champion gains a foothold in these emerging markets, expanding its addressable market and strengthening its revenue base. The strategic impact of this acquisition cannot be overstated. Champion is now poised to transition from a regional brewing business to a multi-category consumer platform with continental reach. The company gains enhanced foreign exchange earnings, expanded distribution leverage, and integrated supply chain efficiencies. Furthermore, the acquisition provides a pathway to future Nigerian production capacity, potentially positioning the country as a regional export hub. The funding for this acquisition was supported by Champion's recent successful capital raising initiatives, which strengthened the company's balance sheet and provided funding for strategic expansion. According to Mr. Imo-Abasi Jacob, Chairman of Champion Breweries Plc, "The successful completion of our public equity raises, together with the formal close of the Bullet acquisition, marks a defining moment for Champion Breweries." With this acquisition, Champion Breweries is well-positioned to drive growth, create value, and solidify its presence in the African beverage market. As the company embarks on this new chapter, it is clear that the future holds great promise for this leading Nigerian brewer.