Confirmation

The acquisition of 3,380,100 shares (or 11.33% stake) in Camposol at the price of NOK22.90 per share  (approximately USD4.0 per share)  will be accounted for as quoted equity shares, and the aggregate consideration of approximately NOK77.40 million (approximately USD13.70 million) has been funded entirely from internal sources.

Commenting on the investment, Executive Director and Chairman, Mr Ng Joo Siang said: " Camposol is an ideal fit within our greater resources development strategy. As the world’s largest exporter of asparagus, along with a growing global demand for avocado, Camposol is well-positioned to continue its growth trend with its advanced farming technology and large land bank in Peru. Camposol’s strong fundamentals and attractive valuation make this a compelling investment for PARD, and we look forward to positive outcomes from this investment."

The lines of Camposol products include Asparagus (green & white), Piquillo Peppers, Avocados, Mangoes, Grapes, Mandarins, among others, which are packed fresh, frozen or canned, and exported to our world markets.

By being a vertically integrated business, from the growing fields to the finished products, Camposol guarantees that only products of the highest quality are being offered to our wide range of international customers.