Simonds Farsons Cisk plc - Interim Directors’ Statement

Wednesday, December 3rd, 2014

On 3 December 2014, Simonds Farsons Cisk plc issued its Interim Directors’ Statement updating the market on its performance since 31 July 2014. During the period under review, the Group continued to experience dynamic market conditions and intense price competition. Nonetheless, the performance to date, particularly for the core business, has been positive and in line with expectations.

In the meantime, the Farsons Group remains very active in seeking to exploit all market opportunities and continues to pursue growth through exports.

The announcement also confirmed that construction works on the new beer packaging hall are progressing according to schedule and the board is confident that this project will be delivered in line with the established project plan and on budget.

With respect to the Farsons Business Park project, the announcement noted that studies and discussions with authorities, advisors and stakeholders continued to be held. Works on the concept and design for the initial phases of the development are progressing well and, as expected, these should be finalized by mid-2015. As previously announced, the extraordinary shareholders’ meeting on the investment proposal and envisaged “spin off” of the property assets should be held during the last quarter of 2015.

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