Fitch affirms Avangardco at B, Outlook Stable

March 27, 2012

AVANGARDCO INVESTMENTS PUBLIC LIMITED

Fitch affirms Avangardco IPL at 'B'; Outlook Stable

KYIV, UKRAINE - AVANGARDCO INVESTMENTS PUBLIC LIMITED (LSE: AVGR) (the «Company» or «AVANGARDCO IPL»), the largest producer of shell eggs and egg products in Ukraine and the second largest in the world, announces that the rating agency Fitch Ratings ("Fitch") has affirmed the company's long-term foreign and local currency Issuer Default Ratings (IDRs) at 'B.' Fitch has also affirmed the Company's National Long-Term Rating at 'A+(ukr).' The outlook for the long-term ratings is Stable. The foreign currency senior unsecured rating has been affirmed at 'B'/'RR4.'

Nataliya Vasylyuk, Chief Executive Officer of AVANGARDCO IPL, commented:

"We are very pleased that Fitch Ratings reaffirmed our rating as well as the stable outlook. The rating reflects strong financial results in 2011 as well as the steady growth of the Company going forward."

- Ends -

For investor relations enquiries:

Victoria Korolchuk

AVANGARDCO IPL

Head of Investor Relations

phone.: +38 044 593 28 60

mob.: +38 067 214 84 23

e-mail: [email protected]

Information for editors

Avangardco IPL is one of the largest agro-industrial companies in Ukraine, specializing in the production of eggs and egg products. Based on figures for the year 2011, the Company holds a 32% share of the Ukrainian egg market (51% of the industrial egg market) and a 87% share of the Ukrainian egg products market. As of 31 December 2011, the total poultry flock of the Company was 25.1 million heads. The Company's plants are located in 14 regions of Ukraine and the Autonomous Republic of Crimea. In 2011 the Company exported its products to the Middle East and Asia. In 2011, revenues amounted to US$553.3 mln (2010: US$439.7 mln) and EBITDA was $245.8 mln (2010: US$193.5 mln).

The Company's shares, in the form of Global Depositary Receipts, have been traded on the London Stock Exchange since May 2010. Eurobonds of around $200 mln with a maturity on 29 October 2015 were included in the official list of the UK Listing Authority (UKLA) and admitted to trading on a regulated market of the London Stock Exchange since November 1, 2010.