Nutreco start buy-back programme

The share buy-back programme will be executed with the purpose to cover future stock dividends and employee stock plans.

Above mentioned share buy-back programme will be executed in accordance with the mandate given by the Annual General Meeting of Shareholders on 28 March 2011. Within the limits set at that meeting, the maximum price to be paid for the Nutreco shares will be 110% of the average closing price of the last five preceding trading days on NYSE Euronext Amsterdam.

The share buy-back programme will ultimately terminate on 13 April 2012, unless the maximum number of 700,000 shares has been repurchased prior to such date. In that case the programme will end on the date on which this maximum is reached and such early termination will immediately be disclosed.

Nutreco has mandated Rabobank International for the execution of the share buy-back programme. Rabobank International makes its trading decisions with regard to the number of shares and the timing of the purchases, independently of Nutreco. This means that the share buy-back programme may be continued during closed periods.

Nutreco will provide updates on the progress of the programme by means of weekly press releases.