Board of Directors approved Draft Balance Sheet for 2009. Net consolidated sales amounting to Euro 98.3 million (vs. Euro 104.4 million as of 31/12/2008), EBITDA amounting to Euro 9.5 million (vs. Euro 6.7 million as of 31/12/2008), EBIT amounting to Euro3.6 million (vs. Euro 727 thousand as of 31/12/2008), profit for the year amounting to Euro 800 thousand (vs. a loss of Euro 1.2 million as of 31/12/2008).

The Board of Directors of Centrale del Latte di Torino – a Company listed in the Star Segment of Borsa Italiana (the Italian Stock Exchange), which produces and sells fresh milk, dairy, and extra-fresh produce – approved today the Draft Balance Sheet for the Financial Year 2009. The Board of Directors has also convened the Meeting of Shareholders on April 29, 2010.

The Centrale del Latte di Torino Group as of 31/12/2009 reported net consolidated sales amounting to Euro 98.3 million, as against Euro104.4 million reported in the previous FY. All margin items have shown an increase: EBITDA moved up from Euro 6.7 million as of 31/12/2008 to Euro 9.5 million (+42%) reported as of 31/12/2009, EBIT increased from Euro 727 thousand as of 31/12/2008 to Euro 3.6 million as of 31/12/2009, and, finally, from a loss Euro 1.2 million reported as of 31/12/2008, a profit of Euro 800 thousand was posted as of 31/12/2009.

Lower consolidated sales in the FY 2009 were caused by an overall drop in household consumption, with a significant impact on the food industry in particular. At the same time, in the milk-dairy sector, a stronger presence of Private Labels was recorded – with particular reference to fresh milk -, while small retail businesses are undergoing a severe crisis and losing market shares to retail chains.

However, it must be pointed out that during the last quarter of 2009, consumptions slightly improved, with a subsequent increase in Group’s sales, which partially made up for the decrease in sales recorded during the first 9 months of 2009. And yet, the 4th quarter situation of 2009 cannot be considered as an upturn in consumption, while the economic crunch is expected to continue at least throughout 2010.

It is important to highlight that during the FY 2009, total investments amounted to Euro 4.7 million, for the upgrading of production lines as well as for qualitative and quantitative improvements of the plant in Turin and the Salads&Fruits’ facility in Casteggio (PV).

Further, in order to maintain our leading position on the market, innovative products were launched, in particular the new 1.5 litre pack, specifically designed for big high consuming families.

The net financial position as of 31/12/2009 amounted to Euro -30 million, in line with the figure reported as of 31/12/2008, but slightly worse than the Euro -28.1 million figure reported as of September 30, 2009.

As to the results reported by Centrale del Latte di Torino, the Holding Company, as of December 31 2009, posted net sales amounting to Euro 57.4 million, versus Euro 59.4 million as of 31 December 2008. EBITDA moved up from Euro 5.9 million as of 31/12/2008 to Euro 6.3 million as of 31/12/2009 (+6%); EBIT as of 31/12/2009 amounted to Euro 4.4 million, thus showing a 6% increase over the Euro 4.1 million figure of the previous FY. Finally, the net result, after a Euro 3.6 million devaluation of shareholdings, went down from a profit of Euro 86 thousand as of 31/12/2008, to a loss of Euro 1.3 million as of 31/12/2009.

Further, on July 3 2009, as part of a company’s reorganization aimed at a more streamlined structure, Salads&Fruits S.r.l. merged into the Holding Company Centrale del Latte di Torino & C. S.p.A.

In terms of business evolution, it is pointed out that strict cost control policies are mandated by the economic crunch and increasing competitive pressures, in order to safeguard economic and financial balances. In this view, a redundancy procedure will be started as part of the Holding Company’s reorganization plan.

Pursuant to the Consolidation Act for Finance, section 154 clause 2 bis, Mr. Vittorio Vaudagnotti, the Manager in charge of preparing the corporate Accounting Books, herewith represents that the information contained in this Press Release conforms with corporate accounting documents, records, and books.

Turin – March 11, 2010