FrieslandCampina Purchases Shares in New Zealand’s Synlait

11 July 2013 --- FrieslandCampina Investments Holding B.V.1, a subsidiary of Royal FrieslandCampina N.V., has purchased a 7.5 percent interest in Synlait Milk Ltd. The dairy company is located in New Zealand's South Island, near Christchurch.

Completion of this transaction is subject to listing of Synlait Milk Ltd on the New Zealand Stock Exchange, which is expected to occur on 23 July 2013 (NZST).2 With this initial public offering the company wants to raise capital to finance its growth.

Synlait Milk plans to use the capital raised to finance, among other things, a new spray dryer and an on-site blending and consumer packaging plant. By acquiring this interest, FrieslandCampina is supporting the company's growth ambitions.

Roelof Joosten, Chief Operating Officer of FrieslandCampina Ingredients: “In recent years, we have developed a close working relationship with Synlait Milk, a supplier of high-quality raw materials. With this investment, we are supporting our supply of raw materials and also the growth of Synlait Milk.”

Synlait Milk began processing milk in 2008 and currently has the capacity to process 550 million litres of raw milk, which it procures from around 155 dairy farms in the Canterbury region, into approximately 95,000 metric tonnes of products each year. The company focuses exclusively on business customers.