Südzucker AG

M&A Activity • May 18, 2011

News Details

Ad-hoc | 18 May 2011 09:46

Südzucker AG Mannheim/Ochsenfurt: Südzucker and ED&F Man agree on strategic partnership

Südzucker AG Mannheim/Ochsenfurt / Key word(s): Mergers & Acquisitions

18.05.2011 09:46

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---

Südzucker and ED&F Man agree on strategic partnership

Mannheim, May 18, 2011

Südzucker AG Mannheim/Ochsenfurt, Mannheim, has reached agreement with
British commodities trading company ED&F Man, London, to acquire a
twenty-five percent stake minus one share in the company as part of a
capital increase. The purchase price for this transaction amounts to USD
255 million. This transaction gives Südzucker access to ED&F Man's global
trading network and thus a platform for further expanding its own business
outside Europe.

ED&F Man is a leading provider of various agricultural commodities
throughout the world, such as sugar, coffee and molasses. In the sugar
trade, ED&F Man is the world's second-largest dealer and handled about 8.5
million tonnes in 2010. ED&F Man also holds majority and minority interests
in production and refining operations, the total capacity of which is about
2.5 million tonnes of sugar.

Both partners see the transaction as a basis for greater cooperation.
Südzucker will bring to the table its industrial expertise and ED&F Man's
contribution will be its global position also outside the sugar business,
with corresponding international contacts. Synergies will arise, especially
in the areas of sugar production and refining, raw sugar procurement,
logistics optimization as well as animal feed sales and distribution.

Südzucker's participation will strengthen ED&F Man's capital base, improve
its growth perspectives and enable it to seize opportunities in the rapidly
changing commodity markets. The transaction is still subject to approval by
the antitrust authorities.

Südzucker AG, Mannheim/Ochsenfurt
Central Investor Relations Department
Nikolai Baltruschat
Maximilianstrasse 10
68165 Mannheim
Phone: +49 621 421-240
Fax: +49 621 421-7240
Investor.relations@suedzucker.de

---

Information and Explaination of the Issuer to this News:

About ED&F Man
The British trading house ED&F Man is based in London and was established
in 1783. Its product portfolio is comprised of three main segments: sugar,
liquid products and coffee. Peripheral business units handle vegetable
oils, biofuels, shipping and financial services. The company is 100-percent
employee owned. ED&F Man has around 4,500 employees in over 65 countries.

The Südzucker Group

Südzucker, with its sugar, special products, CropEnergies and fruit
segments, is one of the leading companies in the food industry. In the
traditional sugar business, the group is the world market leader, with 29
sugar factories and three refineries, extending from France in the west via
Belgium, Germany and Austria, through to Poland, the Czech Republic,
Slovakia, Romania, Hungary, Bosnia and Moldova in the east. The special
products segment, consisting of the functional food (BENEO), chilled/frozen
products (Freiberger), portion packs and starch businesses, is an important
growth driver. The CropEnergies segment covers the bioethanol activities in
Germany, Belgium and France. In the fruit segment, the group operates
internationally, is the world market leader for fruit preparations and is a
leading supplier of fruit juice concentrates in Europe.

In 2010/11, the group employed 17,700 persons and generated revenues of
about EUR 6 billion.

18.05.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language: English
Company: Südzucker AG Mannheim/Ochsenfurt
Maximilianstr. 10
68165 Mannheim
Deutschland
Phone: +49 (0)621 - 421-530
Fax: +49 (0)621 - 421-7530
E-mail: investor.relations@suedzucker.de
Internet: www.suedzucker.de
ISIN: DE0007297004, DE0008461021 DE0001780807 DE000A0AABH1 XS0222524372
WKN: 729700, 846102, 178080, A0AABH, A0E6FU,
Indices: MDAX
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, München, Stuttgart; Freiverkehr in
Hannover

End of Announcement DGAP News-Service

---