Parmalat in brief

Parmalat S.p.A. is a new company, established on October 1st, 2005 and lead by the CEO Enrico Bondi. Parmalat Group is one of the major players worldwide in the production and distribution of milk, mainstream dairy products (yogurt, cream-based white sauces, desserts, cheeses) and fruit-based drinks, with 2007 revenues of over € 3.9 bln.

The group is present in twelve core countries, across five regions (Europe, North America, Central and South America, Australia and South Africa). On December 31st, 2007, the total number of employees, including only integrally consolidated companies, was 14,721.

Parmalat ranks among the leading players worldwide in the UHT milk market and in the functional milk segment and has attained a significant competitive position in the expanding market of fruit-based beverages. The group enjoys a strong brand awareness. The company’s brands portfolio includes, as a global brands, Parmalat and Santàl, as international brands Zymil, Fibresse, Physical, Jeunesse, Omega3, First Growth, Smart Growth, Ice Break/Rush as well as strong local brands.

Parmalat is a company with a strong innovative tradition: the group has been able to develop leading-edge technologies in the driving sectors of the food market, particularly in UHT milk, ESL (extended shelf life) milk, functional milks, fresh fruit juice-based drinks, functional fruit drinks and cream-based white sauces.

(*) For assumptions and criteria used in the preparation of the pro-forma figures, please see financial disclaimer

Net revenues by region (mln EUR)
	2007
	Revenues	EBITDA	EBITDA%
Italy	1,146.7	117.2	10.2
Russia	71.4	9.5	13.4
Portugal	66.5	7.4	11.1
Romania	14.4	3.1	21.5
Canada	1,400.6	137.0	9.8
Africa	354.1	40.4	11.4
Australia	446.7	37.7	8.4
Venezuela	204.7	21.0	10.3
Colombia	122.5	15.1	12.3
Nicaragua	23.8	(2.8)	(11.7)
Ecuador	6.8	0.3	n.s.
Cuba	2.0	0.7	32.2
Paraguay	6.4	(0.2)	(3.2)
Others *	(3.0)	(19.8)	n.s.
Group	3,863.7	366.6	9.5

Source: Parmalat Annual Report 2007

Net Revenues by region (2007)

Europe includes Spain, Portugal, Russia and Romania.

South America includes Nicaragua, Cuba, Venezuela, Ecuador and Colombia.

Net Revenues by product division (mln EUR)
	2007	%
Milk (Include Milk, Cream and Béchamel)	2,270.5	8.2
Vegetables (Fruit Juices and Tea)	256.3	19.1
Fresh (Include yogurt, dessert, cheese)	1,275.8	10.6
Other (Include altri Prodotti e Holding)	61.1	- 7.7
Total sales	3,863.7	9.5