20 April 2012

MEDIA STATEMENT

Receivers pleased with OIO decision

After an extensive process, the receivers of the Crafar farms, Brendon Gibson and Michael Stiassny of KordaMentha, are pleased with the OIO recommendation and the Government's consent today to the sale to Pengxin International Group Limited.

Brendon Gibson of KordaMentha said: "This has been a long process that started with extensive local and international marketing, from which Pengxin International Group Limited's offer was by far the best offer received, so we are pleased with today’s decision”.

The receivers will not be making any further comment at this stage.

ENDS