Greenyard NV — M&A Activity 2013

Sep 27, 2013

Greenyard Foods and KTG Agrar sign a principle agreement on an operational cooperation of the German deep-frozen vegetable activities

On September 26, 2013 Greenyard Foods has signed a principle agreement with KTG Agrar with regard to an operational cooperation on the German production site of deep-frozen vegetables located in Manschnow.

The agreement means that KTG Agrar will take operational leadership on the deep-frozen vegetable activities of the German production site in Manschnow. In particular Greenyard Foods will rent the German production unit in Manschnow to KTG Agrar and the latter will take over the personnel.

The strategy of Greenyard Foods is focused on the optimization of its production units and to improve the efficiency within the Group. The signing of this principle agreement is a further step forward in this optimization within the deep-frozen division Pinguin.

The KTG Agrar Group is owner of the Frenzel brand, an important German retail brand in frozen food in Germany. The Group already operates from its factory in Ringleben where it processes frozen food under the Frenzel brand. From October 1st onwards they will add the operations in Manschnow to reinforce their offer to the German frozen food market with a full offer of frozen vegetables and fruit.

Greenyard Foods and KTG Agrar are convinced that the re-unification of the Frenzel companies is an excellent move to grow within the German frozen food market.

Financial calendar

• Announcement half-year results of the Group (01/04/2013-30/09/2013): 22 November 2013 (17:45 hrs)

• Trading update Q3 accounting year 2013-2014: 24 January 2014 (17:45hrs)

• General Assembly 2012-2013: 30 September 2013 at 14:00 hrs at Gent, Skaldenstraat 7c

For additional information, please contact Greenyard Foods:

Mrs. Marleen Vaesen, CEO: Tel : +32 (0)9/255.32.32

About Greenyard Foods

Greenyard Foods NV is active predominantly in the processing and commercialization of fruit and vegetables and ready-to-eat food, both deep-frozen and canned. The Group has 15 production sites in 6 different countries (Belgium, France, United Kingdom, Poland, Germany and Hungary) and subsidiaries and sales offices on five continents. (www.greenyardfoods.com)