Wessanen successfully renegotiates more favourable terms for its credit facility

Royal Wessanen nv has successfully renegotiated certain terms of its €100 million credit facility with the existing syndicate group of banks, being ABN Amro, ING, Rabobank and BNP Paribas. The facility was scheduled to mature in February 2012 and has now been extended to February 2014. In 2010, the credit facility was reduced to €100 million from €250 million as proceeds from divestments of mainly Tree of Life North America were applied to mandatory redemptions of facility loans and a reduction of the credit facility. The successful divestments in 2010 of Tree of Life North America and PANOS Brands are fully in line with Wessanen's strategy to focus on organic food in Europe.

The interest margin on the facility is reduced to 100-225 basis points over Euribor based on the leverage ratio (Net debt to EBITDAE). The financial covenants have been immunised for potential future changes in accounting rules for leases, but have otherwise not changed.

For more information
Carl Hoyer (VP Corporate Communications)
Phone +31 (0)20 3122 140 / +31 (0)6 123 556 58
Email carl.hoyer@wessanen.com / investor.relations@wessanen.com

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