Corbion N.V. — M&A Activity 2007

Apr 23, 2007

CSM nv Corporate Communications

P.O. Box 349 1000 AH Amsterdam The Netherlands

Nienoord 13 1112 XE Diemen

T +31 (0)20 590 62 16 F +31 (0)20 590 62 17 E communications@csm.nl

Press Release

NMA APPROVES SALE OF CSM SUGAR TO ROYAL COSUN

Diemen, the Netherlands, 20 April 2007 – CSM nv announces that the Netherlands Competition Authority (NMa) has approved the sale of CSM Sugar to Royal Cosun in Breda, the Netherlands. The parties expect to effectuate the transaction on 24 April 2007.

On 21 July 2006 CSM announced the intended sale of CSM Sugar (annual sales of EUR 250 million and a workforce of 300) to Royal Cosun. As indicated at that time, the selling price is EUR 202 million.

The merger between CSM Sugar and Suiker Unie, the sugar operations of Royal Cosun, represents a major joining of forces and a reinforcement of the entire chain. It secures the continuity of the Dutch sugar sector in the rapidly changing European sugar market.

The sale of CSM Sugar must be seen in the context of streamlining CSM's portfolio. CSM wants to focus its efforts on its global market leader positions in bakery supplies and lactic acid.

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For more information, please contact:

Press: Corporate Communications: tel. +31 (0)20 590 6216 Analysts: Ian Blackford, Investor Relations Manager: tel. +31 (0)20 590 6228/cell phone +44 (0)7767 227506

Background information:

CSM is a global producer and distributor of bakery products and food ingredients. CSM's main product groups are bakery ingredients and products, lactic acid, lactic acid derivatives (and sugar). Excluding the sugar activities CSM generates annual sales of EUR 2.4 billion and has a workforce of around 8,200. CSM operates in Europe, North America, Brazil, and Asia. For more information: www.csm.nl