SIPEF

Share Issue/Capital Change • May 24, 2017

Regulated information | May 2017 PRESS RELEASE 2017

New SIPEF shares

Admission to trading of new shares on the regulated market of Euronext Brussels Publication of a new denominator in accordance with article 15 of the Act of 2 May 2007

Following a capital increase in cash with preferential right through a public offering for subscription, 1 627 588 new SIPEF shares were issued today.

Consequently, the total number of SIPEF shares amounts to 10 579 328.

The new shares were issued without coupon No. 10 attached, giving right to a dividend for the financial year which closed on 31 December 2016. The new shares are entitled to the dividend for the full financial year of 2017, payable in 2018.

Each of these shares confers the right to one vote at the General Meeting and the total number of shares thus represents the new denominator for purposes of notifications within the framework of the transparency regulation. Following this transaction, the share capital of SIPEF amounts to USD 44 733 752.04.

The 1 627 588 new SIPEF shares issued today are admitted to trading on the regulated market of Euronext Brussels and have the same ISIN-code as the existing SIPEF shares (BE0003898187).

Schoten, 24 May 2017

For more information, please contact:

F. Van Hoydonck, managing director (GSM +32 478 92 92 82)

J. Nelis, chief financial officer

Tel.: +32 3 641 97 00 Fax : +32 3 646 57 05

finance@sipef.com www.sipef.com (section "investors") SIPEF is a Belgian agro-industrial company listed on Euronext Brussels. The company mainly holds majority stakes in tropical businesses, which it manages and operates. The group is geographically diversified, and produces a number of different commodities, principally palm oil. Its investments are largely long-term ventures in developing countries.