AVANGARDCO INVESTMENTS PUBLIC : Update on Declaration of Dividend Distribution

AITF & Interim Results 29 January 2015 AVANGARDCO INVESTMENTS PUBLIC LIMITED Update on Declaration of Dividend Distribution Кyiv, Ukraine - AVANGARDCO INVESTMENTS PUBLIC LIMITED (LSE: AVGR) (the "Company" or "AVANGARDCO IPL"), the largest producer of shell eggs and egg products in Ukraine and number one producer in Eurasia, announces its intention to call an Extraordinary General Meeting (EGM) to gain shareholder approval for the dividend distribution to minority shareholders of record on

14 October 2014 in the amount of US$6.6 mln, representing US$4.625 per ordinary share (1 share=10
GDRs). The Board proposes that the dividend payment of US$22.9 mln to its majority shareholder, UKRLANDFARMING PLC, is postponed until a later date.
On 1 October 2014, the Company declared a dividend payment of US$4.625 per ordinary share, or US$0.465 per GDR, to be made by 31 December 2014. To ensure a fair treatment of the Company's bondholders, equity holders and banks, the Board has recommended to make the dividend payment only to minority shareholders and to retain the majority of the declared dividend distribution on the Company's balance in order to provide additional liquidity to AVANGARDCO IPL. The EGM of shareholders is expected to be held on 25 February 2015. Following the EGM the distribution date of the dividend payment is expected to be during the week of 2 March 2015.
The Company notes that current economic and political conditions remain extremely challenging in Ukraine, with the rapid devaluation of the Ukrainian Hryvnia and the continuing conflict in Eastern Ukraine adversely affecting its liquidity and financial results. However, despite the existing difficult trading environment, AVANGARDCO IPL's core business remains strong, and the long term outlook for the Company's future is positive.
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For investor's inquiries:

Valeriya Myagkohod
AVANGARDCO IPL Investor Relations Manager
phone.: [phone] mob.: [phone]
e-mail: [e-mail]

FTI Consulting London

Larisa Kogut-Millings
[phone]
Elena Kalinskaya
[phone]

Information for editors

AVANGARDCO IPL is one of the largest agro-industrial companies in Ukraine, specialising in the production of shell eggs and dry egg products. As of 30 June 2014 the Company holds a 55% share of the industrial shell egg market and a 92% share of the dry egg products market in Ukraine.
Production cycle of AVANGARDCO IPL is vertically integrated. The Company's facilities are located in
14 regions of Ukraine and the Autonomous Republic of Crimea. The Company has 19 farms for laying hens, 3 second order breeder farms, 10 farms for rearing young laying hens, 6 feed mills, 3 long-term
storage facilities and "Imperovo Foods" egg processing plant, which is one of the most technologically- advanced facilities for processing eggs in Europe.
The Company exports its products to 34 countries, with its primary export markets in the Middle East, Africa, Asia and the CIS.
The Company's shares, in the form of Global Depositary Receipts, have been trading on the London Stock Exchange since May 2010. The Eurobond issue for approximately US$200 mln with a maturity date on 29 October 2015 was included in the official list of the UK Listing Authority (UKLA) and admitted to trading on a regulated market of the London Stock Exchange on November 1, 2010.

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Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Avangardco IPL. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might", the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in the Company's geographical locations, rapid technological and market changes in our industry, as well as many other risks specifically related to Avangardco IPL and its operations.