Annual Results 2011

Parmalat S.p.A. IR Via delle Nazioni Unite,4 Ms Marco Rambaldi 43044 Collecchio () Head of Investor Relations Ph + 39 0521 808081

Ph. +39 0521 8081 Fax + 39 0521 808234 www.parmalat.com [email protected]

PRESS & INVESTOR FACT SHEET

A GLOBAL LEADER IN THE DAIRY & FRUIT JUICES MARKETS

Parmalat is controlled by the Lactalis Group since The global brands of the Group are Parmalat for July 15, 2011.The Parmalat Group is a global player and dairy products and Santàl for fruit in the production and distribution of foods that are beverages. Vaalia and Zymil are international essential for everyday wellness: milk, dairy products brands dedicated to functional products with a high (yogurt, cream based sauces, desserts and ) value added. Among other local brands that play a and fruit beverages, which generated revenues of key role in their respective markets, the most about 4.5 billion euros in 2011. About 14,000 people important include: Lactantia, Black Diamond and work at Parmalat’s facilities in , the Astro in Canada; Pauls, Ice Break and Oak in Americas, Africa and . The Group is Australia; Bonnita, Everfresh, Simonsberg and present in 16 countries with 69 factories and in 9 Melrose in South Africa; Chef, Berna, Blu Premium, countries through licensing agreements. Centrale del Latte di Roma, Lactis and Latte Sole in Parmalat has a strong tradition of innovation and Italy. Parmalat S.p.A. is listed on the Milano Stock develops products with a high value added to Exchange. improve the diet of its customers.

PRODUCT AND GEOGRAPHIC DIVISIONS

Full Year 2011 1) Include Milk, Cream and Béchamel 2) Include fruit base drink and tea Mio € EBITDA MOL EBITDA % 3 ) Include yogurt, dessert, cheese Italy 978.6 96.2 9.8 4) Include other products hyperinflation Others Europe 155.5 9.1 5.8 Russia 93.3 7.5 8.0 in Venezuela Portugal 53.2 1.3 2.4 Romania 8.9 0.3 3.2 Canada 1,628.3 155.3 9.5 FY 2011 Africa 412.5 41.3 10.0

South Africa 349.0 34.2 9.8 Others Africa 63.5 7.1 11.2 Australia 860.6 63.9 7.4 Central and South America 457.4 29.6 6.5 Colombia 127.6 6.9 5.4 Venezuela 303.9 22.5 7.4 Others Central and 26.0 0.2 0.7 South America 1 Others (1.6) (21.2) n.s. Group 4,491.2 374.1 8.3 Source: AR 2010 Regions represent the consolidated countries 1. Include Group’s parent Company’s costs,other no core companies and eliminations between regions.

SELECTED GROUP FINANCIAL INFORMATION

GROUP Full Year 2010 Full Year 2011 (€ mln) - Sales revenues 4,301.0 4,491.2

- EBITDA 377.3 374.1

- EBIT 334.2 272.0 - Profit (Loss) for the period 285.1 224.8 - Net borrowings 1,435.2 1,518.4 - ROI * 16.9% 12.9 - ROE * 8.4% 6.2 * Indeces calculated on the basis of annualized profit and loss data and mean balance sheet data (mean between opening and closing data)

2011 OUTLOOK

Financial outlook

In the current year, the Group’s activities are focused on increasing sales volumes and revenues. Marketing activities that target the Group’s primary brands and programs to strengthen its presence in market segments with high growth rates, albeit with lower profit margins, are already being deployed in support of this goal. An acceleration in the implementation of innovation-oriented projects is another important element in the effort to stimulate growth.Programs already under way to contain costs along the entire value chain, which, consequently, will affect the procurement, transformation, distribution and service processes, are aimed at freeing resources to support growth, while maintaining and adequate profitability profile.

Guidance At constant exchange rates, estimates for 2012 call for net revenues in growth of 3%-5% compared with 2011 and EBITDA in growth of 2%-3% compared with 2011.

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MANAGEMENT TEAM

BOARD OF DIRECTORS

Francesco Tatò Chairman Independent Marco Jesi Independent board member Ivon Guérin Chief Executive Officer Riccardo Zingales Independent board member Antonio Sala Board Member Ferdinando Grimaldi Independent Quartieri board member Marco Reboa Independent Gaetano Mele Independent board member board member Francesco Gatti Board Member Nigel William Cooper Independent board member Daniel Jaouen Board Member

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