Press release

euro adhoc: AGRANA Beteiligungs-AG / Strategic management decisions / Hungary to return 50% of its sugar quota to the restructuring fund - AGRANA concentrates its sugar production at one refinery

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.

Plant Closings/AGRANA/Magyar Cukor

20.11.2007

In the course of the latest reform of the EU sugar market regime, 
talks are currently taking place in Hungary between sugar beet 
growers, the Ministry of Agriculture and the sugar industry, with the
goal of returning 50% of Hungary´s sugar quota to the restructuring 
fund. This step, and the associated compensation payments to farmers,
is aimed at safeguarding the sugar beet supply for the remainder of 
the Hungarian quota.

This move would result in a pro rata reduction in the sugar quota 
held by both the Nordzucker subsidiary Mátra Cukor Zrt., and the 
AGRANA subsidiary Magyar Cukor Zrt. Given that the remaining volume 
of sugar available to AGRANA is no longer sufficient for the 
economical utilisation of two refineries, AGRANA intends, subject to 
the appropriate board resolutions, to concentrate its Hungarian 
refining activities at the Kaposvár facility in order to make 
production as efficient as possible.

A redundancy scheme is being worked out for around 140 employees 
affected by the restructuring of the second Magyar Cukor refinery at 
Petöhaza.

This press release is available in both German and English at 
www.agrana.com.

end of announcement                               euro adhoc 20.11.2007 07:25:00

Further inquiry note:

AGRANA Beteiligungs-AG
Doris Schober
Investor Relations/Corporate Communications
Phone: +43-1-211 37-12084
e-mail:investor.relations@agrana.at

Branche: Food
ISIN: AT0000603709
WKN: 779535
Index: ATX Prime, WBI
Börsen: Börse Berlin / Präsenzhandel
Börse Stuttgart / Präsenzhandel
Börse Frankfurt / Präsenzhandel
Wiener Börse AG / official market

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