SIPEF — Earnings Release 2014

Feb 19, 2015

Regulated information September December

Of The SIPEF Group [in tonnes]

	2014				2013					YoY Variation
Palm Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Own
Tolan Tiga Group	15 120	16 779	18 851	15 145	65 895	13 111	14 254	18 317	17 812	63 494	-14,97%	3,78%
UMW/TUM Group	2 809	4 150	6 764	5 807	19 530	2 079	2 871	3 146	2 858	10 954	103,18%	78,29%
Agro Muko	19 026	20 349	19 830	18 499	77 704	17 961	18 518	19 783	21 720	77 982	-14,83%	-0,36%
Hargy Oil Palms	13 326	14 849	11 795	16 524	56 494	11 924	14 737	11 033	16 352	54 046	1,05%	4,53%
Total own	50 281	56 127	57 240	55 975	219 623	45 075	50 380	52 279	58 742	206 476	-4,71%	6,37%
Outgrowers
Tolan Tiga Group	103	0	0	0	103	48	98	208	159	513	-100,00%	-79,92%
UMW/TUM Group	0	4	28	0	32	0	0	0	0	0	-	-
Agro Muko	412	445	436	419	1 712	306	422	454	510	1 692	-17,84%	1,18%
Hargy Oil Palms	11 207	12 836	9 897	13 078	47 018	10 828	13 459	8 883	12 061	45 231	8,43%	3,95%
Total outgrowers	11 722	13 285	10 361	13 497	48 865	11 182	13 979	9 545	12 730	47 436	6,03%	3,01%
Total Palm Oil	62 003	69 412	67 601	69 472	268 488	56 257	64 359	61 824	71 472	253 912	-2,80%	5,74%
Palm Kernels	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Own
Tolan Tiga Group	3 671	3 905	4 274	3 787	15 637	3 213	3 394	4 468	4 260	15 335	-11,10%	1,97%
UMW/TUM Group	744	1 039	1 384	1 105	4 272	550	760	833	757	2 900	45,97%	47,31%
Agro Muko	4 312	4 742	4 626	4 447	18 127	4 274	4 011	4 680	5 101	18 066	-12,82%	0,34%
Total own	8 727	9 686	10 284	9 339	38 036	8 037	8 165	9 981	10 118	36 301	-7,70%	4,78%
Outgrowers
Tolan Tiga Group	27	0	0	0	27	13	26	55	42	136	-100,00%	-80,15%
UMW/TUM Group	0	0	4	0	4	0	0	0	0	0	-	-
Agro Muko	80	90	89	82	341	60	84	93	107	344	-23,36%	-0,87%
Total outgrowers	107	90	93	82	372	73	110	148	149	480	-44,97%	-22,50%
Total Palm Kernels	8 834	9 776	10 377	9 421	38 408	8 110	8 275	10 129	10 267	36 781	-8,24%	4,42%
Palm Kernels Oil	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Own
Hargy Oil Palms	1 037	1 144	911	1 271	4 363	919	1 134	799	1 274	4 126	-0,24%	5,74%
Total own	1 037	1 144	911	1 271	4 363	919	1 134	799	1 274	4 126	-0,24%	5,74%
Outgrowers
Hargy Oil Palms	869	991	789	1 027	3 676	839	1 045	766	821	3 471	25,09%	5,91%
Total outgrowers	869	991	789	1 027	3 676	839	1 045	766	821	3 471	25,09%	5,91%
Total Palm Kernel Oil	1 906	2 135	1 700	2 298	8 039	1 758	2 179	1 565	2 095	7 597	9,69%	5,82%

Group Production

Of The SIPEF Group [in tonnes]

	2014					2013					YoY Variation
Rubber	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Own
Tolan Tiga Group	781	565	738	860	2 944	757	557	719	858	2 891	0,23%	1,83%
Melania	1 107	851	571	572	3 101	982	1 113	715	731	3 541	-21,75%	-12,43%
Agro Muko	414	459	347	316	1 536	343	379	328	386	1 436	-18,13%	6,96%
Galley Reach	504	495	614	481	2 094	431	438	509	527	1 905	-8,73%	9,92%
Total own	2 806	2 370	2 270	2 229	9 675	2 513	2 487	2 271	2 502	9 773	-10,91%	-1,00%
Outgrowers
Agro Muko	0	0	0	0	0	0	0	0	0	0	-	-
Galley Reach	166	205	126	239	736	119	157	161	193	630	23,83%	16,83%
Total outgrowers	166	205	126	239	736	119	157	161	193	630	23,83%	16,83%
Total Rubber	2 972	2 575	2 396	2 468	10 411	2 632	2 644	2 432	2 695	10 403	-8,42%	0,08%
Tea	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Own
Melania	652	717	659	788	2 816	705	695	655	795	2 850	-0,88%	-1,19%
Total own	652	717	659	788	2 816	705	695	655	795	2 850	-0,88%	-1,19%
Outgrowers
Melania	0	0	0	0	0	0	0	0	0	0	-	-
Total outgrowers	0	0	0	0	0	0	0	0	0	0	-	-
Total Tea	652	717	659	788	2 816	705	695	655	795	2 850	-0,88%	-1,19%
Bananas	Q1	Q2	Q3	Q4	YTD	Q1	Q2	Q3	Q4	YTD	Q4	YTD
Azaguie	2 006	1 239	1 108	1 128	5 481	1 292	1 567	988	1 439	5 286	-21,61%	3,69%
Agboville	2 926	2 543	1 958	2 640	10 067	2 722	2 015	2 334	2 562	9 633	3,04%	4,51%
Motobe	2 965	2 225	1 669	1 188	8 047	2 402	1 825	1 263	1 916	7 406	-38,00%	8,66%
Total Bananas	7 897	6 007	4 735	4 956	23 595	6 416	5 407	4 585	5 917	22 325	-16,24%	5,69%

Commodity Price Data

December 2014

Average market prices

Product		YTD Q4/2014	YTD Q4/2013
CPO (CIF Rotterdam)	in \$/mt	821	857
CPKO (CIF Rotterdam)	in \$/mt	1 121	897
RSS3 (FOB Singapore)	in \$/mt	1 958	2 795
Tea (avg auct Mombasa)	in \$/mt	2 045	2 399
Bananas (FOT Europe)	in \$/mt	1 043	1 022

Bananas EU in \$/mt ■²⁰¹⁴ ■²⁰¹³