Agrana to concentrate refining activities at the Kaposvár facility

The second Magyar Cukor refinery at Petöhaza will be closed.

In the course of the latest reform of the EU sugar market
regime,

talks are currently taking place in Hungary between sugar
beet

growers, the Ministry of Agriculture and the sugar industry,
with the

goal of returning 50% of Hungary´s sugar quota to the
restructuring

fund.

This move would result in a pro rata reduction in the sugar
quota

held by the AGRANA subsidiary Magyar Cukor Zrt. Given that
the remaining volume

of sugar available to AGRANA is no longer sufficient for the

economical utilisation of two refineries, AGRANA intends,
subject to

the appropriate board resolutions, to concentrate its
Hungarian

refining activities at the Kaposvár facility in order to
make

production as efficient as possible.