SIPEF

Transaction in Own Shares • Nov 10, 2011

Regulated information

SIPEF REPORTS ON THE PROGRESS OF THE SHARE BUY-BACK PROGRAM

Further to the initiation of the share buy-back program announced on 22 September 2011, SIPEF reports the purchase of 12 170 shares on NYSE Euronext Brussels in the period 03 November – 09 November 2011.

Date	Number of	Total	Average	Highest	Lowest
	shares	amount (EUR)	price (EUR)	price (EUR)	price (EUR)
03‐11‐11	420	23 553.60	56.08	56.60	54.91
04‐11‐11	443	24 847.87	56.09	56.69	55.88
07‐11‐11	500	28 080.00	56.16	56.90	55.58
08‐11‐11	10 327	581 823.18	56.34	56.59	56.04
09‐11‐11	480	27 153.60	56.57	57.00	56.28
	12 170	685 458.25	56.32	57.00	54.91

Since the start of the share buy-back program on 22 September 2011, SIPEF has bought back 40 791 shares for a total amount of 2 291 258.21 EUR. This corresponds to 0.4557% of the total shares outstanding.

The overview relating to the share buy-back program is available on: http://www.sipef.be/buyback.html

Schoten, 10 November 2011.

For more information, please contact:

• * F. Van Hoydonck, managing director (mobile +32/478.92.92.82)
• * J. Nelis, chief financial officer

Tel.: 0032/3.641.97.00	Fax : 0032/3.646.57.05
mail to : finance@sipef.com	website www.sipef.com (section "investor relations")

SIPEF is a Belgian agro-industrial company listed on NYSE 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 ventures in developing countries.