ForFarmers N.V.

M&A Activity • Sep 29, 2023

ForFarmers N.V.: Approval from competition authority for sale of ForFarmers' Belgian compound feed activities to Arvesta

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Source: ForFarmers

N.V.

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The transaction will be closed by mid-October, when

ForFarmers will receive a net amount of €25 million in cash

from Arvesta as agreed in the sale / purchase agreement.

This transaction fits in with ForFarmers' strategic focus, with

an emphasis on ecological and economic returns. This

acquisition is also in line with Arvesta's continued strategy

Company Profile

ForFarmers N.V. Headquarters: Lochem, Netherlands Website: forfarmersgroup.eu

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and strengthens its position on the Belgian market for the benefit of the customer in order to continue to build the agriculture of tomorrow.

This press release contains information that qualifies as inside information within the meaning of Article 7 paragraph 1 of the EU Market Abuse Regulation.

Note to the editor / For further information:

Caroline Vogelzang, Director of Investor Relations M +31 (0)6 10 94 91 61 • E: caroline.vogelzang@forfarmers.eu

About ForFarmers

ForFarmers N.V. is an international organisation that provides complete innovative feed solutions to the livestock farming industry. With its For the Future of Farming mission ForFarmers underpins its commitment both to the continuity of farming and to further increasing the sustainability of the agricultural sector. ForFarmers is a leading feed producer in Europe with annual sales of around 9 million tonnes of animal feed and is active in the Netherlands, Belgium, Germany, Poland and the United Kingdom. ForFarmers has around 2,500 employees and in 2022 generated revenue of approximately €3.3 billion. ForFarmers N.V. is listed on Euronext Amsterdam. ForFarmers N.V. P.O. Box 91, 7240 AB Lochem, The Netherlands T: +31 (0)573 28 88 00

info@forfarmers.eu, www.forfarmersgroup.eu

About Arvesta

Arvesta is building the agriculture of tomorrow in a

sustainable manner thanks to its unique expertise and

innovative smart farming solutions. We are active in animal

nutrition, agriculture, horticulture and retail with our 200

Aveve stores. In this way we help farmers grow and increase

their yield. With more than 2000 experts and 40 strong

brands, Arvesta is a knowledge center for both farmers and

consumers. As a full service provider for farmers and

horticulturists, Arvesta is a leading player in Belgium and

also internationally active with branches in the Netherlands,

France and Germany. In this way, we achieve an annual turnover of 1.9 billion euros.

www.arvesta.eu

Stephanie Deleul, Communications Manager M: +32 (0) 476 94 35 65 • E: Stephanie.Deleul@arvesta.eu

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements, for example relating to ForFarmers' legal obligations in terms of capital and liquidity positions in certain specified scenarios. In addition forward-looking statements may, without limitation, contain phrases such as "intends to", "expects", "takes into account", "is aimed at", ''plans to", "estimates" and/or words of a similar meaning. These statements pertain to or may affect matters in the future, such as ForFarmers' future financial results, business plans and current strategies. Forward-looking statements are subject to a number of risks and uncertainties which may lead to material differences between the actual results and performance and the expected future results or performance as implicitly or explicitly contained in the forward-looking statements. Factors that may result in, or contribute to, deviations from current expectations include, but are not limited to developments in legislation, technology, taxation, jurisprudence and regulations, share price fluctuations, legal proceedings, investigations by regulatory bodies, the competitive landscape and general economic conditions. These and other factors, risks and uncertainties that may affect any forward-looking statements or the actual results of ForFarmers are discussed in the most recently published annual report. The forward-looking statements in this press release relate

solely to statements as of the date of this document and

ForFarmers accepts no obligation or responsibility

whatsoever to update the forward-looking statements

contained in this release, regardless of whether these

pertain to new information, future events or otherwise,

unless ForFarmers is legally obliged to do so.