Greenyard NV — M&A Activity 2012

Sep 4, 2012

Press release

PinguinLutosa receives non binding offers for its potato division

The Board of Directors and the management of PinguinLutosa have taken notice of recent articles in the press.

In response, PinguinLutosa announces that it has received unsolllicited non-binding offers for the acquisition of all shares of the potato division (Lutosa group).

The board of directors and the management will carefully consider the non-binding offers and explore the merits and risks for all PinguinLutosa stakeholders of such offers.

Further announcements will be made if and when appropriate.

Regulated information 04/09/2012-09:00

Financial calendar

• Announcement of 2012 half year results (01/04/2012-30/09/2012): 15 November 2012 (17:45 hrs)

• General Meeting: 21 September 2012 at 14:00 hrs at Langemark, Poelkapellestraat 71 - Trading update Q3 2012: 25 January 2013 (17:45 hrs)

For additional information, please contact PinguinLutosa:

M. Hein Deprez, CEO: Mobile : + 32 (0)475/41.11.58

PinguinLutosa in a nutshell

PinguinLutosa (www.pinguinlutosa.com) is specialized in the development, production and sales of frozen products: vegetables, fruits, potato products (fries and specialities) and ready-to-use culinary preparations. Including the takeover of the deep-frozen vegetable activities of the French CECAB group (01-09-2011) and the takeover of Scana Noliko (01-07-2011), the group has 16 production sites in five different countries (Belgium, France, United Kingdom, Poland and Hungary) and 19 subsidiaries and sales offices on five continents.

In the accounting period ending as per 31 March 2012 PinguinLutosa realised €832.8 million of sales. The group is entirely dedicated to all customer segmentations: food industry, catering as well as large and medium commercial outlets and fast food. The Group maintains its own R&D centre for product and process innovation.