Merger of Provimi’s subsidiaries in Poland

The Provimi Group, one of the world leaders in the animal nutrition business, has announced the intended merger of its Polish subsidiaries Provimi Polska Holding and Rollimpex. According to Provimi, the proposed merger is another step in the development of Provimi’s Polish activities and confirms its long-term commitment to the Polish market. The merger will strengthen Provimi’s position as the largest and leading animal nutrition group in Poland, with a turnover of close to 500 mio €. Provimi today holds 100% of Provimi Polska Holding and 61.28% of Rollimpex, a listed company on the Warsaw stock exchange. After the merger, Provimi is expected to hold 77.7% of the shares in Provimi-Rollimpex, which will remain listed. The proposed merger is expected to be completed during the first quarter of 2005.