Bonduelle — Earnings Release 2014

Nov 6, 2014

First Quarter FY 2014-2015 Turnover (1st of July ‒ 30th of September 2014)

Commercial activity of the 1st quarter: growth in line with forecasts

The Bonduelle Group's turnover for quarter 1 of FY 2014-2015 stands at 464,3 million of euros, an increase of 4.9%* on a like for like basis and 2.8% on reported figures after adjustment for currency exchange rates (-2.1%).

Total consolidated	From July 1 to	From July 1 to	Variation at current	Variation at constant
turnover	September 30	September 30	exchange rates	scopes of consolidation
(in millions of euros)	2014	2013		and exchange rates
Europe Zone	313.-	303.7	3.1%	3.1%
Non-Europe Zone	151.3	148.-	2.2%	8.8%
Total	464.3	451.7	2.8%	4.9%

Activity by geographical area

Activity by business operating segments

Total consolidated	From July 1 to	From July 1 to	Variation at current	Variation at constant
turnover	September 30	September 30	exchange rates	scopes of consolidation
(in millions of euros)	2014	2013		and exchange rates
Canned	240.5	233.4	3.1%	5.-%
Frozen	123.9	126.-	-1.7%	2.2%
Fresh processed	99.9	92.3	8.2%	8.2%
Total	464.3	451.7	2.8%	4.9%

To be the world reference in "well living" through vegetable products www.bonduelle.com

A French SCA (Partnership Limited by Shares) with a capital of 56,000,000 Euros - Head Offices: La Woestyne 59173 Renescure, France Business registration number: B 447 250 044 (Dunkerque Registrar of Businesses) - finance@bonduelle.com

Europe Zone

The Europe zone recorded a sales increase of + 3.1%* on a like for like basis. The activity remaining strong in the can segment and pretty dynamic in the fresh ready-to-use category has offset the food service frozen activity still negatively oriented, thanks to a very favourable September.

Non-Europe Zone

The non-Europe zone experienced, over the quarter, a growth reaching + 8.8%*. The activity is still dynamic both in Eastern Europe, where the activity is marginally impacted by the Russian embargo and in North America where the fire in the Tecumseh site had little impact on the activity.

Outlooks

The high level of activity recorded for the 1st quarter, in line with the expectations, and a globally favourable crop season confirm the activity growth objectives and the current operational profitability as announced on the 30th of September when the 2013-2014 annual results were released.

* at constant scope of consolidation and exchange rates

Next financial events:

• General Annual Meeting : 4th of December 2014

• 2014-2015 Half Year Turnover : 5th of February 2015 (prior to stock exchange trading session)

• 2014-2015 Half Year Results : 25th of February 2015 (prior to stock exchange trading session)

About Bonduelle

Bonduelle, a family business, was established in 1853. Its mission is to be the world reference in "well-living" through vegetable products. Prioritising innovation and long-term vision, the group is diversifying its operations and geographical presence. Its vegetables, grown across more than 128,000 hectares all over the world, are sold in 100 countries under various brand names and through various distribution channels and technologies. Expert in agro-industry with 57 industrial sites or own agricultural production, Bonduelle produces quality products by selecting the best crop areas close to its customers.

Bonduelle is listed on the NYSE - Euronext compartment B - Indices: CAC MID & SMALL - CAC ALL-TRADABLE - CAC ALL SHARES Code ISIN: FR0000063935 - Code Reuters: BOND.PA - Code Bloomberg: BON FP

To be the world reference in "well living" through vegetable products www.bonduelle.com

A French SCA (Partnership Limited by Shares) with a capital of 56,000,000 Euros - Head Offices: La Woestyne 59173 Renescure, France Business registration number: B 447 250 044 (Dunkerque Registrar of Businesses) - finance@bonduelle.com