Greenyard NV — M&A Activity 2013

Aug 30, 2013

Pinguin NV, as from the 1st of September Greenyard Foods, finalises successfully the acquisition of the four real estate companies of UFM and acquires the real estate company Scana Noliko Real Estate NV

In execution of the strategic plan and in accordance with the press release of 21 June 2013, Pinguin NV (Greenyard Foods as from the 1st of September) has finalised successfully the acquisition of the shares of four real estate companies of UFM and Globus. After this transaction, Greenyard Foods owns all of the shares of the companies D'Aucy Polska in Poland and Bajaj Hutoipari in Hungary and owns 56% of the shares of the companies Vallée de la Lys SAS and Moréac Surgelés SAS in France (UFM retains 34% of its shareholding). An amount of €21,5 million has been paid for the shares, which corresponds with the revaluated equity of the target companies as of 31 March 2013.

Following this transaction, MAVAC BVBA with as permanent representative Mrs Marleen Vaesen, replaces Mr. Jean-Michel Jannez as director in the company Greenyard Foods NV.

Greenyard Foods also announces that it has acquired the shares of Scana Noliko Real Estate from Food Invest International NV. Scana Noliko Real Estate is a real estate company which is owner of the Noliko production sites in Bree and Rijkevorsel. An amount of €40 million has been paid for the shares.

Hence Greenyard Foods continues its strategy to acquire its production facilities where possible and desirable. This allows Greenyard Foods to optimize the investments per production unit and the whole of its production facilities and to accelerate its efficiency improvements.

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:

Mobile	: +32 (0)478/50.18.53
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)