Statement Regarding CMA Clearance of our Proposed Joint Venture

December 7th, 2017

We are excited to announce that we have received approval from the UK Competition and Markets Authority (CMA) to create a leading UK food company focused on chicken, turkey and duck. Faccenda Foods will join Cargill’s UK fresh chicken business form the standalone joint venture.

We are very pleased with the decision of the CMA and we currently anticipate that we will be operating as a standalone joint venture by end of January 2018.

This joint venture will provide a solid platform for innovation and growth, bringing together two complementary businesses with talented people and strong reputations for high standards and great service.

While the approval signifies the latest step in our integration journey, we will continue to operate and compete as independent businesses until Day 1 of the joint venture. As such there will be no immediate change to how we serve our customers and partner with our suppliers and growers.

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