BON Elements DB Bric Currencies Et

BONDUELLE

A French SCA (Partnership Limited by Shares) with a capital of 56,000,000 Euros - Head Offices: La Woestyne 59173 Renescure, France

Business registration number: B 447 250 044 (Dunkerque Registrar of Businesses) - finance@bonduelle.com

FY 2012/2013 First Quarter Turnover

Growth in line with annual objectives: + 7.3%

For the first quarter of financial year 2012/2013 (1^st of July 2012 to 30^th of September 2012), the Bonduelle Group reported a turnover of € 448.4 million, compared with € 417.8 million the previous financial year, ie a 7.3% increase of reported turnover and a decrease of 0.9% at constant exchange rate (foreign exchange effects: + 2.- bps) and consolidation scope (consolidation effects: + 6.2 bps).

Activity by geographical area

Activity by business operating segments

In Europe, like for like basis*, growth was at - 1.8%. The market slowdown observed in Q4 of FY 2011/2012 continued over the summer period, especially in the out- of- home catering segment, hence impacting the frozen activity, as the main market for this technology in Europe. In addition to poor climate conditions affecting the consumption of corn, the can segment was affected by some product shortages (green beans), as previously observed last quarter. In the fresh processed segment, while the prepared salads remained stable, the delicatessen activity was satisfactory and benefitted from a favorable base effect.

Non-Europe Zone

In the Non-Europe Zone, like for like basis*, turnover was at + 1.3%. In terms of volume and value, the Eastern Europe and South America areas continue to post double-digit growth. Sales of cans in Brazil benefit from continuous distribution expansion comforting the objective of reaching a 10% market share in terms of volume for 2013/2014. The Northern America activity benefits from a positive market orientation, but Q1 sales have been affected by product shortages and unfavorable base effect, imperfectly offset by some price increases.

Outlooks

Q1 turnover reflects the caution exercised by the group regarding the evolution of its commercial activity, especially for the Europe Zone. The objectives for financial year 2012/2013 earlier announced of reaching an 8% turnover growth, at constant exchange rate, and an operating profitability set between 5 to 10% are not compromised.

* at constant currency exchange rate and scope of consolidation basis

Next financial events

- Annual General Meeting        :               6^th of December 2012
- 2012/2013 Half FY Turnover        :         5^th of February 2013 (prior to stock exchange trading session)
- 2012/2013 Half FY Results        :        28^th of February 2013 (prior to stock exchange trading session)

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