Sipef : Press release extraordinary general shareholders' meeting

PRESS RELEASE 2017

Regulated information | April 2017

Extraordinary General Meeting

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR

INDIRECTLY IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, OR JAPAN

The extraordinary general meeting of the SIPEFgroup took place on Tuesday, 4 April 2017.

Agenda:

1. Capital increase in cash with pre-emptive rights for the shareholders

2. Destination of the share premium

3. The composition and powers of the 'placement committee'

4. Changes in the articles of associations subject to the conditions precedent.

All items on the agenda were approved.

This announcement does not constitute an offer or invitation to sell or issue the securities mentioned herein, nor will there be any offer of the securities mentioned herein in any jurisdiction where such an offer would be illegal prior to registration, exemption from registration or qualification under the se- curities law of such jurisdiction. The securities mentioned herein may not be offered or sold in the United States of America absent registration with the United States Securities and Exchange Commission or pursuant an exemption from the registration requirements under the US Securities Act of 1933, as amended. The Company and its affiliated companies have not registered, and do not have the intention to register, any part of an offer in the United States of America. There is and will be no public offer of securities in the United States of America.

Any offer of securities will be done through an offer document containing detailed information on the Company. This announcement is not a prospectus within the meaning of Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003, as amended and as implemented in the respective member States of the European Economic Area (the "Prospectus Directive"). A prospectus will be filed, and if and when published, will be obtainable from, among others, the Company. Investors may not subscribe to any securities mentioned in this announcement, unless on the basis of information contained in the prospectus.

All relevant information regarding the extraordinary general meeting is available on www.sipef.com (section "investors").

Schoten, 4 April 2017

Regulated information |April 2017

For more information, please contact:

F. Van Hoydonck, managing director

(GSM +32 478 92 92 82)

J. Nelis,

chief financial officer

Tel.: +32 3 641 97 00

Fax : +32 3 646 57 05

finance@sipef.com www.sipef.com (section "investors")

LISTED

EURONEXT

SIPEF is a Belgian agro-industrial company listed on Euronext Brussels. The company mainly holds majority stakes in tropical businesses, which it manages and operates. The group is geographically diversified, and produces a number of different commodities, principally palm oil. Its investments are largely long-term ventures in developing countries.