[first sentense]

May 20, 2009

National Foods to sale certain fresh milk operations to Parmalat

Tokyo, May 20, 2009— National Foods Limited (Melbourne, Australia; CEO & Managing Director, Ashley Waugh; hereafter "NFL"), a wholly-owned subsidiary of Kirin Holdings Company Limited (Tokyo, Japan; President and CEO, Kazuyasu Kato; hereafter "Kirin"), has signed an agreement with Parmalat Australia Ltd ( Brisbane, Australia; Managing Director, David Lord; hereafter "Parmalat") in terms of selling of certain parts of fresh milk operations.

The acquisition of Dairy Farmers agreed in 2008 forces NFL to sell those operations. Thus the sale is subject to be approved from Australian Competition and Consumer Commission (ACCC).

With this conclusion, the following businesses to be sold from NFL to Parmalat;

  • New South Wales: License of milk brand "Pura" and manufacturing and distribution facilities at Lidcombe
  • South Australia: License of of milk brand "Dairy Farmers" and manufacturing and distribution facilities at Clarence Garden

This is announced by NFL and Parmalat today.