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Once approved by the European antitrust authorities, Ebro and Lactalis signed today the contract of sale of Ebro¿s dairy business.

Ebro posted a net profit in continuing operations of 55.4 million euro during the first half of 2010, up 30.5% on the same period of 2009

The extraordinary dividend will be paid in four quarterly payments of 0.15 euro/share

The Ebro Puleva Group posted a net profit of 40 million euro for the first three months of 2010, 24% more than in the first quarter of 2009

Madrid, 30 March 2010. Ebro Puleva (www.ebropuleva.com) and Lactalis (www.lactalis.fr) have signed the sale and purchase agreement of the Ebro Puleva dairy division. As announced on 8 March, the transaction is valued at ¿630 million and its ultimate conclusion is subject to approval by the European anti-trust authorities.

The directors of Ebro Puleva (www.ebropuleva.com) and the Lactalis Group (www.lactalis.fr) have reached an agreement in principle to sell the Ebro Puleva dairy business for 630 million euro

The Ebro Puleva Group chalked up a net profit of 176.5 million euro in 2009, representing a 35% year-on-year growth.

At a meeting held today, the Ebro Puleva board resolved to propose an 11% increase in the dividend payable to its shareholders in 2010 against the 2009 profits.

The Ebro Puleva Group chalked up a net profit of 134.7 million euro in the first nine months of 2009, representing a year-on-year growth of 45%.

· The 1H consolidated earnings, with growth of more than 20%, demonstrate the extraordinary strength of the business model forged by the Ebro Puleva Group. · Net profit grew 25% to 98 million euro. · EBITDA rose 21.5% year on year to 144 million euro. · The Group posted a net turnover of 1,120 million… Read more