SIPEF

Earnings Release • Oct 22, 2015

Regulated information September

Group production

of the SIPEF group [in tonnes]

	2015			2014					YoY Variation
Palm Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Own
Tolan Tiga Group	13 146	16 765	22 189		52 100	15 120	16 779	18 851		50 750	17,71%	2,66%
UMW/TUM Group *	5 240	7 332	7 348		19 920	2 809	4 150	6 764		13 723	8,63%	45,16%
Agro Muko	16 033	18 700	22 471		57 204	19 026	20 349	19 830		59 205	13,32%	-3,38%
Hargy Oil Palms	14 204	17 254	14 483		45 941	13 326	14 849	11 795		39 970	22,79%	14,94%
Total own	48 623	60 051	66 491	0	175 165	50 281	56 127	57 240	0	163 648	16,16%	7,04%
Outgrowers
Tolan Tiga Group	0	43	88		131	103	0	0		103	-	27,18%
UMW/TUM Group	37	310	299		646	0	4	28		32	967,86%	1918,75%
Agro Muko	358	437	501		1 296	412	445	436		1 293	14,91%	0,23%
Hargy Oil Palms	11 524	13 802	11 034		36 360	11 207	12 836	9 897		33 940	11,49%	7,13%
Total outgrowers	11 919	14 592	11 922	0	38 433	11 722	13 285	10 361	0	35 368	15,07%	8,67%
Total Palm Oil	60 542	74 643	78 413	0	213 598	62 003	69 412	67 601	0	199 016	15,99%	7,33%
Palm Kernels	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Own
Tolan Tiga Group	3 215	3 771	5 291		12 277	3 671	3 905	4 274		11 850	23,80%	3,60%
UMW/TUM Group *	874	1 132	965		2 971	744	1 039	1 384		3 167	-30,27%	-6,19%
Agro Muko	3 797	4 380	5 307		13 484	4 312	4 742	4 626		13 680	14,72%	-1,43%
Total own	7 886	9 283	11 563	0	28 732	8 727	9 686	10 284	0	28 697	12,44%	0,12%
Outgrowers
Tolan Tiga Group	0	11	20		31	27	0	0		27	-	14,81%
UMW/TUM Group	6	70	80		156	0	0	4		4	1900,00%	3800,00%
Agro Muko	69	89	102		260	80	90	89		259	14,61%	0,39%
Total outgrowers	75	170	202	0	447	107	90	93	0	290	117,20%	54,14%
Total Palm Kernels	7 961	9 453	11 765	0	29 179	8 834	9 776	10 377	0	28 987	13,38%	0,66%
Palm Kernel Oil	Q1	Q2**	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Own
Hargy Oil Palms	1 073	1 311	1 173		3 557	1 037	1 144	911		3 092	28,76%	15,04%
Total own	1 073	1 311	1 173	0	3 557	1 037	1 144	911	0	3 092	28,76%	15,04%
Outgrowers
Hargy Oil Palms	918	1 147	884		2 949	869	991	789		2 649	12,04%	11,33%
Total outgrowers	918	1 147	884	0	2 949	869	991	789	0	2 649	12,04%	11,33%
Total Palm Kernel Oil	1 991	2 458	2 057	0	6 506	1 906	2 135	1 700	0	5 741	21,00%	13,33%

* an equivalent of 2 455 tonnes of palm oil have been sold to a neighbouring palm oil mill

** adjusted allocation between own and outgrowers

Group Production

of the SIPEF group [in tonnes]

	2015					2014				YoY Variation
Rubber	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Own
Tolan Tiga Group	820	604	814		2 238	781	565	738		2 084	10,30%	7,39%
Melania	945	1 290	417		2 652	1 107	851	571		2 529	-26,97%	4,86%
Agro Muko	504	430	377		1 311	414	459	347		1 220	8,65%	7,46%
Galley Reach	530	392	420		1 342	504	495	614		1 613	-31,60%	-16,80%
Total own	2 799	2 716	2 028	0	7 543	2 806	2 370	2 270	0	7 446	-10,66%	1,30%
Outgrowers
Agro Muko	0	0	0		0	0	0	0		0	-	-
Galley Reach	40	111	160		311	166	205	126		497	26,98%	-37,42%
Total outgrowers	40	111	160	0	311	166	205	126	0	497	26,98%	-37,42%
Total Rubber	2 839	2 827	2 188	0	7 854	2 972	2 575	2 396	0	7 943	-8,68%	-1,12%
Tea	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Own
Melania	740	784	495		2 019	652	717	659		2 028	-24,89%	-0,44%
Total own	740	784	495	0	2 019	652	717	659	0	2 028	-24,89%	-0,44%
Outgrowers
Melania	0	0	0		0	0	0	0		0	-	-
Total outgrowers	0	0	0	0	0	0	0	0	0	0	-	-
Total Tea	740	784	495	0	2 019	652	717	659	0	2 028	-24,89%	-0,44%
Bananas	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q3	YTD
Azaguie	1 462	1 176	1 188		3 826	2 006	1 239	1 108		4 353	7,22%	-12,11%
Agboville	2 900	2 354	2 626		7 880	2 926	2 543	1 958		7 427	34,12%	6,10%
Motobe	2 702	2 256	2 016		6 974	2 965	2 225	1 669		6 859	20,79%	1,68%
Total Bananas	7 064	5 786	5 830	0	18 680	7 897	6 007	4 735	0	18 639	23,13%	0,22%

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Commodity Price Data

September 2015

Average market prices

Product		YTD Q3/2015	YTD Q3/2014	YTD Q4/2014
CPO (CIF Rotterdam)	in \$/mt	640	857	821
CPKO (CIF Rotterdam)	in \$/mt	935	1 176	1 121
RSS3 (FOB Singapore)	in \$/mt	1 660	2 070	1 958
Tea (avg auct Mombasa)	in \$/mt	2 686	2 094	2 045
Bananas (FOT Europe)	in \$/mt	912	1 062	1 043

Crude Palm Kernel Oil in \$/mt ■²⁰¹⁵ ■²⁰¹⁴

CIF Rotterdam

Tea in \$/mt ■²⁰¹⁵ ■²⁰¹⁴

RSS3 in \$/mt ■²⁰¹⁵ ■²⁰¹⁴

FOB Singapore

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