SIPEF

Earnings Release • Apr 24, 2014

GROUP PRODUCTION - (IN TONNES)

Press release

Regulated information

			2014			2013					YoY Variation
Palm Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Own
Tolan Tiga Group	15 120				15 120	13 111				13 111	15,32%	15,32%
UMW/TUM Group	2 809				2 809	2 079				2 079	35,11%	35,11%
Agro Muko	19 026				19 026	17 961				17 961	5,93%	5,93%
Hargy Oil Palms	13 326				13 326	11 924				11 924	11,76%	11,76%
Total own	50 281	0	0	0	50 281	45 075	0	0	0	45 075	11,55%	11,55%
Outgrowers
Tolan Tiga Group	103				103	48				48	114,58%	114,58%
Agro Muko	412				412	306				306	34,64%	34,64%
Hargy Oil Palms	11 207				11 207	10 828				10 828	3,50%	3,50%
Total outgrowers	11 722	0	0	0	11 722	11 182	0	0	0	11 182	4,83%	4,83%
Total Palm Oil	62 003	0	0	0	62 003	56 257	0	0	0	56 257	10,21%	10,21%

2014 March

Palm Kernels	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Own
Tolan Tiga Group	3 671				3 671	3 213				3 213	14,25%	14,25%
UMW/TUM Group	744				744	550				550	35,27%	35,27%
Agro Muko	4 312				4 312	4 274				4 274	0,89%	0,89%
Total own	8 727	0	0	0	8 727	8 037	0	0	0	8 037	8,59%	8,59%
Outgrowers
Tolan Tiga Group	27				27	13				13	107,69%	107,69%
Agro Muko	80				80	60				60	33,33%	33,33%
Total outgrowers	107	0	0	0	107	73	0	0	0	73	46,58%	46,58%
Total Palm Kernels	8 834	0	0	0	8 834	8 110	0	0	0	8 110	8,93%	8,93%

Palm Kernels Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Own
Hargy Oil Palms	1 037				1 037	919				919	12,84%	12,84%
Total own	1 037	0	0	0	1 037	919	0	0	0	919	12,84%	12,84%
Outgrowers
Hargy Oil Palms	869				869	839				839	3,58%	3,58%
Total outgrowers	869	0	0	0	869	839	0	0	0	839	3,58%	3,58%
Total Palm kernel Oil	1 906	0	0	0	1 906	1 758	0	0	0	1 758	8,42%	8,42%

	2014						YoY Variation
Rubber	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Own
Tolan Tiga Group	781				781	756				757	3,17%	3,17%
Melania	1 107				1 107	982				982	12,73%	12,73%
Agro Muko	414				414	343				343	20,70%	20,70%
Galley Reach	504				504	431				431	16,94%	16,94%
Total own	2 806	0	0	0	2 806	2 512	0	0	0	2 513	11,66%	11,66%
Outgrowers
Agro Muko	0				0	0				0	-	-
Galley Reach	166				166	119				119	39,50%	39,50%
Total outgrowers	166	0	0	0	166	119	0	0	0	119	39,50%	39,50%
Total Rubber	2 972	0	0	0	2 972	2 631	0	0	0	2 632	12,92%	12,92%

Tea	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Own
Melania	652				652	705				705	-7,52%	-7,52%
Total own	652	0	0	0	652	705	0	0	0	705	-7,52%	-7,52%
Outgrowers
Melania	0				0	0				0	-	-
Total outgrowers	0	0	0	0	0	0	0	0	0	0	-	-
Total Tea	652	0	0	0	652	705	0	0	0	705	-7,52%	-7,52%

Bananas	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q1	YTD
Azaguie	2 006				2 006	1 292				1 292	55,26%	55,26%
Agboville	2 926				2 926	2 722				2 722	7,49%	7,49%
Motobe	2 965				2 965	2 402				2 402	23,44%	23,44%
Total Bananas	7 897	0	0	0	7 897	6 416	0	0	0	6 416	23,08%	23,08%

Average market prices Crude Palm Oil in \$/mt

Product		YTD Q1/2014	YTD Q1/2013	YTD Q4/2013
CPO (CIF Rotterdam)	in \$/mt	911	853	857
CPKO (CIF Rotterdam)	in \$/mt	1 278	824	897
RSS3 (FOB Singapore)	in \$/mt	2 253	3 156	2 795
Tea (avg auct Mombasa)	in \$/mt	2 291	2 873	2 399
Bananas (FOT Europe)	in \$/mt	1 053	1 096	1 022

Crude Palm Kernel Oil in \$/mt RSS3 in \$/mt

Tea in \$/mt Bananas EU in \$/mt