KERNEL HOLDING S.A. - ACQUISITION AND DIVESTMENT OF FARMING ENTERPRISES

POLISH FINANCIAL SUPERVISION AUTHORITY

UNI - EN REPORT No 11 / 2013

Date of issue: 2013-04-30

Short name of the issuer

KERNEL HOLDING S.A.

Subject

ACQUISITION AND DIVESTMENT OF FARMING ENTERPRISES

Official market - legal basis

Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne

Unofficial market - legal basis

Contents of the report:

Kernel Holding S.A. informs that on 26 April 2013 a subsidiary of Kernel Holding S.A. entered into an agreement to purchase a farming enterprise with 1,500 ha of leasehold land in the Khmelnytsk region of western Ukraine, near the company`s existing large-scale operations, for a total consideration of USD 1.0 million. On 29 April 2013, a subsidiary of Kernel Holding S.A. entered into agreement to sell the most remotely located farming enterprise with 6,000 ha of leasehold land in the Zaporizhia region in southeastern Ukraine for a total consideration of USD 4.4 million. Both transactions are the result of management`s previously announced strategy to enlarge existing clusters and divest remotely located parcels of land.

Annexes

File Description

KERNEL HOLDING S.A.

(fullname of the issuer)

KERNEL HOLDING S.A. Spożywczy (spo)

(short name of the issuer) (sector according to clasification of the WSE in Warsow)

L-1331 Luksemburg

(post code) (city)

rue de Bitbourg 19

(street) (number)

(phone number) (fax)

(e-mail) (web site)

(NIP) (REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Date Name Position / Function Signature

2013-04-30 A.Usachova, Y.Kovalchuk Directors