ANNUAL REVIEW Foreword 2022 Dear Partner, We had high expectations for 2022 with a revenue target of more than €350 million. But we ended the year with €307 million, just below the figure reported in 2021. They say that wisdom comes from the east, but it turned out to be something quite different this year. This resulted in a significant negative impact on our revenue and costs, which many of our suppliers and customers also experienced. Unfortunately, this meant we were forced to take a number of tough measures to counter these adverse developments. Nevertheless, we managed to achieve a small but positive bottom line, a result to be proud of. We measure our success by our financial results but primarily by our mission: sustainable growth. Fortunately, in this area, we have a lot of good news to share about our people and partnerships as well as our sustainability ambitions. You can read all about it from page 16. There are also more than enough positives to report in other areas, including our move to robotisation, our new customer Oh’Green, the opening of our hub in the UK and the fun family day that celebrated Royal Lemkes’ 140th anniversary. We share these and other highlights with you on pages 6-9. The theme for this year’s annual report is Fit for the Future. It is important to capitalise on promising trends, and we have been investing heavily in these in recent years. Two years ago, we founded Plantify Partners Europe and are collaborating closely with our sister company Floréac to establish an efficient European network of family firms. We are also investing considerably in technology, such as our new in-house ERP system and robotics and automation, and are adjusting our sourcing strategy to be fit for the future. More on this on pages 10-15. We are genuinely grateful to our colleagues and partners for all their tireless work last year. The uncertainty of 2023 lingers in the air, but as a team, we can handle anything. We are confident of a bright future. Together. We continue to value your trust in Royal Lemkes. Michiel de Haan Managing Director

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