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1 ASTARTA Monthly No. 72. October 05, 2012 Shareholders corporate newsletter* Contents Corporate News... 2 ASTARTA successfully continues its sugar production campaign ASTARTA s representatives took part in investment conference and hold a site visit... 2 Sector s & Economic News... 3 India, the world's largest consumer of sugar, is likely to become a net importer of sweetener.. 3 Dryness-hit Australia faces 30% wheat export slump... 3 Wheat prices to top $10 a bushel, says Goldman... 4 ASTARTA in Figures... 5 Quotation information for the period 1-28 September Quotes of Sugar and Food Companies... 7 European Stock Exchanges... 7 WSE... 7 Agricultural and sugar prices... 8 *The information is being provided to you solely for your information and may not be reproduced or further distributed to any other person or published, in whole or in part, for any purpose. In preparation of this information we used certain publicly available data. While external sources we used are generally regarded as reliable we did not verify their content. The Company does not accept any responsibility for using any such information. 1

2 Corporate News ASTARTA successfully continues its sugar production campaign. As of the beginning of October ASTARTA's all sugar plants were involved into production process and have already produced more than 73 thousand tonnes of high quality sugar or about 25% of the total Ukrainian sugar production in a new season. Together with the strategy directed on energy efficiency, vertical integration and diversification ASTARTA actively continues modernization programs i.e. installation of sugar drying machines, new modern vacuum apparatus and centrifuges, etc. Currently sugar plants are operating according to the plan. Agricultural enterprises of the company provide sufficient amount of sugar beets resulting in smooth and stable sugar production process. ASTARTA s representatives took part in investment conference and hold a site-visit On September 19, 2012 representatives of ASTARTA took part in the Agro day hold by Alfa-bank in Moscow and conducted a site-visit organized by Dragon Capital. During the conference in Moscow representatives of ASTARTA hold meetings with investors and analysts. Main topics were concentrated around the business of the Group, growth story and plans for the future as well as economical and political development in. During the site-visit, organized by Dragon Capital on September 21, nearly 20 representatives of different investment companies were able to go through main production assets of the Group on one of the main business unit. Among these assets were sugar plant and cattle farm facilities. Representatives of the investment companies also took part in the Q&A session with the management where they discussed main points of sugar and milk production process as well as peculiarities of this year harvesting campaign. 2

3 Sector s & Economic News India, the world's largest consumer of sugar, is likely to become a net importer of sweetener India, the world's largest consumer of sugar, is likely to become a net importer of the sweetener as early as 2013/14, as drought-hit farmers replace cane with less water-intensive crops. The shift to imports, touted by market participants and analysts, would likely bolster global sugar prices SBc1. India, the world's No.2 sugar producer after Brazil, last imported the sweetener in 2009/10, sending global prices to 30-year highs. "Farmers in (top sugar-producing Indian state) Maharashtra are very interested in cane, but water is not available," said Balasaheb Patil, former president of the Maharashtra Co-operative Sugar Factories Federation. "In some areas farmers are walking miles and miles just to get drinking water... forget cultivating crops." India has been blighted by its first drought in three years, with monsoon rains likely to be less than 90 percent of the long-term average and with the rainfall deficit in some cane-growing areas as high as 30 percent. That has dealt a blow to Asia's third-largest economy, where more than half the farmland lacks irrigation. The full force of the impact from farmers switching to crops such as soybeans and wheat, which need less water to cultivate than sugar cane, is likely to hit in the 2013/14 season as cane usually takes months to mature. India's sugar year starts on Oct. 1 when fields dry after the monsoon and crushing of the cane crop traditionally starts. Bunge Dryness-hit Australia faces 30% wheat export slump Commonwealth Bank of Australia raised doubts over Australia hanging on to second place among world wheat exporters by forecasting a slump of nearly 30% in shipments, to a level well below official estimates. The bank forecast that the country's wheat shipments will tumble to 17.8m tonnes in the marketing year. The estimate is far below the 21.5m tonnes forecast by Abares, Australia's official commodities bureau, and by the International Grains Council, and a 21.0m-tonne estimate from the US Department of Agriculture, whose data set world benchmarks. The implications of the lower export hopes looked set to be felt largely in South Australia, where supplies are set to fall 2m tonnes to 4.2m tonnes in Agrimoney 3

4 Wheat prices to top $10 a bushel, says Goldman Goldman Sachs raised its target for wheat prices above $10 a bushel, thanks to a tumble in US inventories to multi-year lows, and forecast recoveries in corn and soybeans to record highs. The investment bank lifted its forecast for Chicago wheat prices, on a three-month horizon, to $10.25 a bushel, after US Department of Agriculture data on Friday showed US inventories of the grain far lower than the market had expected. Indeed, the data, once already reported export and domestic processing statistics are taken out, imply wheat feeding of 435m bushels during the June-to-September period, "the highest level since at least the 1970s", Goldman analyst Damien Courvalin said. Use of wheat in feed has been boosted by elevated prices of corn, sent to record highs by a drought-hit US harvest. Wheat prices, while historically strong, have remained well below record levels above $13 a bushel set in early 2008, as its stocks fell to multi-year lows. Agrimoney 4

5 ASTARTA in Figures Quotation information for the period 1-28 September 2012 Trading session results AST as of Last Trade 66.7 Last Change +1.83% Day's Range PLN 1 Month Range / Change PLN/12.4% Turnover (1 month) PLN/ shares Avg. Day Turnover (1 month) PLN/ shares Avg. Price (1 month) 66.8 Market Cap PLN/ USD Number of trade sessions 20 Transactions from Avg. Transactions for session Day Moving Average AST Day Moving Average AST Day Moving Average AST

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7 Quotes of Sugar and Food Companies European Stock Exchanges Name Change. % TATE & LYLE % AGRANA BETEILIGUNGS % SUEDZUCKER % GREENCORE GROUP % WSE Name Change. % INDYKPOL % COLIAN SA % KRUSZWICA % MIESZKO % DUDA % KERNEL % AGROTON % MILKILAND % IMC % KSG Agro % OVOSTAR % 7

8 Agricultural and sugar prices White sugar LIFFE (FOB. futures). USD per ton 31 August ,4 28 September Raw sugar NYBOT (FOB. futures) USD per ton 31 August September Feed wheat 31 August September Feed barley Hungary. USD per ton 31 August September Sunflower France, FOB. USD per ton 31 August September Feed corn Argentina FOB. USD per ton 31 August September Soybeans Hungary. USD per ton CBOT (EXW. futures). USD per ton 31 August September Source: agriagency.com.ua, isco-i.ru. futuresource.com, apk-inform.com, proagro.com.ua NBU exchange rate: : 1 USD = 7,99 UAH : 1 USD = 7,99 UAH 8