Corbion N.V. — M&A Activity 2013

Jul 3, 2013

PRESS RELEASE

DATE July 3, 2013

CSM nv Nienoord 13 • 1112 XE Diemen PO Box 349 • 1000 AH Amsterdam The Netherlands

T +31 (0)20 590 6911 F +31 (0)20 590 6262 info@corbion.com www.corbion.com

Corbion completes divestment of CSM Bakery Supplies businesses to Rhône Capital

Corbion, former CSM, announces to have successfully completed the divestment of its Bakery Supplies businesses to affiliates of Rhône Capital. The Bakery Supplies activities are divested for an Enterprise Value of € 1,050 million. This divestment is an important part of Corbion's strategy to transform into a biobased products company.

The businesses divested by Corbion comprise the European Bakery Supplies and North American Bakery Supplies businesses, as well as the international Bakery Supplies activities. In 2012 these businesses had aggregate sales of € 2,562 million and aggregate EBITA excluding one-off costs of € 106.8 million. Total staff comprised 8,220 employees (FTE) at the end of 2012. Rhône Capital also acquired the CSM brand name for its Bakery Supplies activities.

The required regulatory clearance from competition authorities has been obtained. The consultative procedures with the works councils and labor unions, where applicable, have been completed.

The net cash proceeds from the divestment are approximately € 850 million, of which € 250 million will be returned to shareholders in 2013, by means of a special all-cash dividend of €0.70 per share (€50 million in total) and the remainder through a share buy-back. Next to this, the proceeds will be used for debt reduction and investments in future growth of the business. The difference between Enterprise Value and net cash proceeds, for the largest part, relates to liabilities such as pensions being transferred with the business. Details including book results will be communicated in the half year results, which will be released on August 7.

Commenting on today's announcement, Gerard Hoetmer, CEO of Corbion said: "We are pleased to have successfully completed the divestment of our Bakery Supplies businesses. This transaction is in the best interests of all stakeholders, including employees, shareholders, and customers. We believe that, as part of Rhône Capital, the Bakery Supplies activities will develop their business further. I want to thank our Bakery Supplies employees for their passion for the company and contributions to take the company further in its development and for their loyal support in the completion process. Corbion, is now in the final stage of transforming into a leading supplier of biobased products, with activities in biobased food ingredients and biochemicals."

In the divestment of the CSM Bakery Supplies businesses Corbion has been advised by Rabobank and Rothschild. Rhône was advised by Morgan Stanley and Pricewaterhouse Coopers Corporate Finance.

PRESS RELEASE

For more information, please contact:

Press: Saskia Nuijten, Director Corporate Communications, T +31 (0)20 5906320, M +31 (0)6 21 812 453 Analysts and investors: Jeroen van Harten, Director Investor Relations T +31 (0)20 5906293, M +31(0)6 21 577 086

Background information:

Corbion: biobased solutions, designed by science, powered by nature, and delivered through dedication.

Corbion is the global market leader in lactic acid, lactic acid derivatives and lactides, and a leading company in functional blends containing enzymes, emulsifiers, minerals and vitamins. The company delivers high performance biobased products made from renewable resources and applied in global markets such as bakery, meat, pharmaceuticals and medical devices, home and personal care, packaging, automotive, coating resins. Its products have a differentiating functionality in all kinds of consumer products worldwide. In 2012, Corbion generated annual sales of €753 million and had a workforce of 1,800 employees. Corbion is listed on NYSE Euronext Amsterdam (listing name is CSM). For more information: www.corbion.com

About Rhône Capital and its affiliates "Rhône":

Rhône, established in 1996, is a global private equity firm with more than €3 billion under management and a focus on private equity investments in market leading businesses with a pan-European or transatlantic presence and expansion prospects. Rhône has offices in London and New York and currently holds investments in a diversified portfolio of companies including investments in the chemicals, consumer products, food, industrial, materials, mining, and shipping industries.