Microsoft Word - 2015_07_01_ENG.doc PRESS RELEASE Completion of the acquisition of BRF's dairy division

The acquisition of the dairy division of BRF S.A. (BRF), one of Brazil's top companies in the food sector, listed on the Brazilian Stock Exchange (BM&FBOVESPA S.A.), was completed today in execution of an agreement executed on December 5, 2014.
The transaction was carried out through the acquisition, by the subsidiary Lactalis do Brasil Ltda, of the entire share capital of Elebat Alimentos S.A. (Elebat), a company to which BRF conveyed all of its dairy business assets, comprised of 11 production facilities in Brazil and several brands, including Batavo, Elegé, Cotochés, Santa Rosa and DoBon. The proforma revenues of BRF's dairy division amounted to about 2.7 billion reais (equal to about 865 million euros) in 2014 (2.6 billion reais in 2013).
The price, agreed by the parties in the amount of about 700 million USD, was paid in full and will be subject to adjustments based on the level of Elebat's debt and working capital on the closing date.
This acquisition has been financed with internal resources and through the partial utilization of the medium/long-term financing facility signed on April 28, 2015.
Collecchio (Pr), July 1, 2015
Parmalat S.p.A.

Parmalat S.p.A. Sede: Via delle Nazioni Unite, 4 43044 Collecchio (Parma) Italia Tel.+39.0521.8081 Fax +39.0521.808322

Cap. Soc. € 1.835.104.348 i.v. R.E.A. Parma n. 228069 Reg. Imprese Parma n. 04030970968 Cod. Fisc. e P. IVA n. 04030970968

Società soggetta a direzione e coordinamento di B.S.A. S.A.

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