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The Ebro Puleva Group reported a turnover of 2,368 million euro in 2008

Madrid, 15 December 2008. Ebro Puleva (www.ebropuleva.com), sole shareholder of Azucarera Ebro, and Associated British Foods (ABF) (www.abf.co.uk), sole shareholder of British Sugar (www.britishsugar.co.uk), have signed the sale and purchase contract of the shares of Azucarera Ebro, subject to approval by the anti-trust authorities and it is likely to occur in early 2009.

The Board of Directors of Ebro Puleva (www.ebropuleva.com), sole shareholder of Azucarera Ebro, and Associated British Foods (ABF) (www.abf.co.uk), sole shareholder of British Sugar (www.britishsugar.co.uk), have reached an agreement in principle for the sale of Azucarera Ebro (www.azucarera.es)

The Ebro Puleva Group posted a turnover of 2.165 million euro in the first nine months of 2008, 10.8% more than in the same period of 2007. Its net profit was 92.7 million euro, up 60% year on year.

The Ebro Puleva Group chalked up a net profit of 78.6 million euro in the first half of 2008, 60% more than in the same period of 2007. The net turnover rose 13% year on year to 1,446 million euro

The Ebro Puleva Group achieved a satisfactory development in the first quarter of this year, posting a net profit of 29.3 million euro

The transaction is part of the policy of divesting in non-strategic businesses

On a difficult scenario for the world food trade, shaken up by the strong hike in raw material prices, the evolution of the Ebro Puleva Group was nevertheless positive, maintaining the overall yield of the company above the estimates announced in October, achieving significant organic growth in the rice and pasta divisions and strengthening its leadership on all the markets on which it operates

The turnover of the Ebro Puleva Group reached a level of ¿1955 million in the first nine months of 2007, 8.3% up on the same period of 2006

The Ebro Puleva Group posted a net turnover of 1,278 million euro in 1H07, a year-on-year growth of 12%