Pre-close trading update for Q2/H1 2011

PRESS RELEASE

July 18, 2011, Kyiv, Ukraine

MHP S.A.Pre-close trading update for the second quarter and first half of 2011

MHP S.A. (LSE: MHPC) ("MHP" or "The Company"), one of the leading agro-industrial companies in Ukraine, focusing on the production of poultry and the cultivation of grain, today announces its pre-close trading update for the second quarter and first six months of the year ending 30 June 2011.

Poultry and Poultry Related Operations

During the second quarter of 2011, the volume of chicken meat sales to external consumers increased by 14% to 97,800 tonnes when compared to the second quarter of 2010, and by 8% to 182,100 tonnes during the first six months of 2011 mainly as a result of the production increase due to more effective use of existing capacity. Demand for chicken meat during the first half of 2011 remained high and the Company was able to sell close to 100% of the chicken produced.

The average chicken meat price through the second quarter of 2011 increased slightly by 1% to UAH 13.97 per kg of adjusted weight (excluding VAT) when compared to second quarter of 2010. H1 2011 prices for chicken meat increased slightly by 2% compared to H1 2010, from UAH 13.13 per kg to UAH 13.44 per kg. These trends are in line with global poultry market trends.

In Q2 2011, 38,600 tonnes of sunflower oil were sold mainly for export at an average price of US$ 1,301 per tonne, which was an increase of 62% on Q2 2010 (US$ 809 per tonne). In H1 2011, 84,500 tonnes of sunflower oil were sold at an average price of US$ 1,303 per tonne, which was an increase of 58% on H1 2010 (US$ 830 per tonne).

In line with management expectations, MHP's poultry production costs in the second quarter and the first half of 2011 were relatively higher year-on-year due to the increase in the market price for grain harvested in 2010.

Grain Growing Operations

Currently the Company cultivates approximately 280,000 hectares of land under control and expects to harvest an additional 100,000 hectares in 2011 compared to 2010 in its grain growing segment.

The Company recently began harvesting wheat and barley. Despite concerns over weather conditions we expect our yields to be good enough and significantly higher than Ukraine's average, due to our operational efficiency and employment of best practice.

The Company forecasts strong harvest and yields for corn and sunflower, taking into account current crop conditions.

The Company has just started to conclude forward export contracts for rapeseed and barley for:

á 17,000 tonnes of rapeseed were contracted at price US$ 675 per tonne;

á 12,000 tonnes of barley were contracted at price US$ 255 per tonne.

Other Agricultural Operations

In the second quarter of 2011, sausage and cooked meat production volumes increased by 17% to 9,400 tonnes compared to 8,000 tonnes during the second quarter of 2010. Sausage and cooked meat production volumes increased by 22% to 17,300 tonnes compared to 14,200 tonnes during H1 2010. This volume growth was driven primarily by the increased production at "Ukrainian Bacon" and growing consumer demand.

Average sausage and cooked meat prices during the second quarter of 2011 increased slightly 15% to UAH 19.50 per kg excluding VAT (Q2 2010: UAH 17.08 per kg). In H1 2010 average prices increased by 11% from UAH 17.03 per kg excluding VAT to UAH 18.91 per kg excluding VAT.

MHP is a market leader in meat processing in Ukraine and management expects the Company's market share to increase further. More than 50% of the raw materials required by the Company's meat processing operations are internally produced chicken meat.

Vinnytsia - expansion project

MHP's new green field Vinnytsia project is being constructed to schedule and in line with the investment plans. To follow the progress on the site please visit: http://www.mhp.com.ua/en/node/1082/.

The financial results for the second quarter and first six months of 2011 will be published on August 18, 2011. There will be a conference call for investors and analysts on the day that will take place at 4pm Kyiv time (2 pm London/5 pm Moscow). Dialing instructions for the call will be published in a due course.

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Notes to Editors:

About MHP

MHP was admitted to the Official List of the London Stock Exchange in May 2008. It is the leading producer of poultry products in Ukraine, with a 2010 market share for industrially produced chicken meat of approximately 50%, according to the State Committee on Statistics of Ukraine. It's "Nasha Ryaba" brand is the market leader with 98% of brand recognition, whilst MHP also has several other national and regional brands for processed meat products.

MHP is fully vertically integrated owning and operating each of the key stages of chicken production processes, from feed grains and fodder production to egg hatching and grow out to processing, marketing, distribution and sales (including through MHP's franchise outlets). Vertical integration reduces MHP's dependence on suppliers and its exposure to increases in raw material prices. In addition to cost efficiency, vertical integration also allows MHP to maintain strict bio-security and to control the quality of its inputs and the resulting quality and consistency of its products through to the point of sale.

MHP also has an important and expanding grain operation, producing and selling sunflower oil as a by-product of its fodder production. MHP also produces and sells sausages, cooked meats convenience food products, goose meat, foie gras, beef and fruit.