News - 5th December 2007

PDM GROUP ANNOUNCES THE ACQUISITION OF CANTERBURY MILLS LIMITED.

Prosper De Mulder Limited (“PDM Group”) announces today, 5 December 2007, that it has reached agreement to acquire the entire issued share capital of Canterbury Mills Limited for an undisclosed sum. Completion of the acquisition is subject to Office of Fair Trading (“OFT”) approval.

Announcing the agreement PDM Group CEO, Andrew Smith, said: “The acquisition of Canterbury Mills forms a key part of our ongoing development plans for animal by-product rendering and food waste processing”.

“PDM Group has been a customer of Canterbury Mills for a number of years and the acquisition will allow PDM to strengthen the range of animal by-product rendering services available to our customers in the South of England”.

Following the acquisition PDM Group will be undertaking a long-term investment plan at the Canterbury Mills plant in Kent to improve the site’s environmental performance and to add new recycling systems.

5th December 2007