INDUSTRIAL MILK COMPANY S.A. - Acquisition of the agricultural company in Ukraine (11/2013)

| | POLISH FINANCIAL SUPERVISION AUTHORITY | | | | | | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | | | | UNI - EN REPORT No | 11 | / | 2013 | | | | |
| | Date of issue: | 2013-08-28 | | | | | | | | | |
| | Short name of the issuer | | | | | | | | | | |
| | INDUSTRIAL MILK COMPANY S.A. | | | | | | | | | | |
| | Subject | | | | | | | | | | |
| | Acquisition of the agricultural company in Ukraine | | | | | | | | | | |
| | Official market - legal basis | | | | | | | | | | |
| | Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne | | | | | | | | | | |
| | Unofficial market - legal basis | | | | | | | | | | |
| | Contents of the report: | | | | | | | | | | |
| | The Board of Directors of Industrial Milk Company S.A. (hereinafter IMC) informs that a Subsidiary of Industrial Milk Company S.A. purchased 40% stake in the Ukrainian company leasing 16 000 hectares of land and possessing grain and oilseed crops? storage capacities of 195 000 tonnes. The lands of the company are located in Pryluky and Ichnya districts of Chernihiv region next to the existing IMC?s cluster (Nosivka). All land is the chernozem soil of the highest quality. About 10 000 hectares of land is sown with corn and 6 000 hectares - with sunflower which are in excellent condition. It has every reason to expect good harvest. The grain and oilseed crops? storage capacities consist of the silo with the storage capacity of 126 000 tonnes, the floor storage capacity of 34 000 tonnes located in Chernihiv region and the floor storage capacity of 35 000 tonnes located in Sumy region. The silo and floor storage capacities are located in close proximity to the fields of the acquired company and the existing
fields of IMC in Nosivka and Sumy clusters. It will enable IMC to make its logistics still more efficient. The value of the deal is USD 12 mln. IMC is going to buy the remaining 60% of authorized capital of the acquired company by the end of 2013 and thereby take 100% control of its assets. Legal basis: Article 56 sec. 1 point 1 of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (Journal of Laws No. 184, item 1539, as amended) ? Inside Information. | | | | | | | | | | |
| | Annexes | | | | | | | | | | |
| | File | Description | | | | | | | | | |

REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY

| | | INDUSTRIAL MILK COMPANY S.A. | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- |
| | | (fullname of the issuer) | | | | | |
| | | INDUSTRIAL MILK COMPANY S.A. | | Spożywczy (spo) | | | |
| | | (short name of the issuer) | | (sector according to clasification of the WSE in Warsow) | | | |
| | | L-2310 | | Luxembourg | | | |
| | | (post code) | | (city) | | | |
| | | Rue Edward Steichen | | 26-28 | | | |
| | | (street) | | (number) | | | |
| | | +352 27478488 | | +352 27478488 | | | |
| | | (phone number) | | | (fax) | | |
| | | catia.campos@totalserve.eu | | | | | |
| | | (e-mail) | | | (web site) | | |
| | | (NIP)
| | | (REGON) | | |

REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY

REPORT
INFORMATION ABOUT THE ENTITY
SIGNATURE OF PERSONS REPRESENTING THE COMPANY