| 07/04/08 Volac International has acquired the Golden Maverick milk
                      replacer business from the Irish based Kerry Group with
                      immediate effect.
                     
                           
                           
                
                          
                              |  |  The acquisition of the Golden Maverick business by Volac
                      continues the company’s momentum for growth as a
                      long term leader in the dairy nutrition market. Volac’s
                      strategy has already delivered a doubling in turnover over
                      the past three years which has been achieved through investment
                      in production capacity, product development and new markets.
 The agreement includes the Golden Maverick brand portfolio,
                      Ireland’s leading range of animal milk replacers
                      with an annual turnover in excess of €10 million.
 
 “Acquiring Golden Maverick is a natural fit with
                      Volac International’s young animal nutrition business,
                      and it has provided us with an opportunity to strengthen
                      our position in Britain and Ireland as leader in the specialist
                      areas of animal nutrition, feed ingredients and feeding
                      systems,” says Volac International’s David
                      Neville. “The arrangement will also enable us to
                      support the Golden Maverick business with a complete range
                      of labour saving feeding equipment essential to the modern
                      dairy farmer.”
 
 The Kerry Group commented that it ‘was reassured
                      that Volac will continue to support and develop the Golden
                      Maverick business. It believes that this rationalisation
                      is in line with the Volac core business and in the interest
                      of existing customers who will benefit from Volac’s
                      continued investment’.
 
 Production will continue at the Kerry plant until June,
                      after which it will be transferred to Volac International’s
                    sites.
 
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