The Group’s operations and performance in H1 2014 were affected by the conflict between Russia and Ukraine and a further deterioration of trade relations between these countries.

On July 4, The Federal Service for Supervision of Consumer Rights Protection and Human Well-being of the Russian Federation (Rospotrebnadzor) has suspended the imports to Russia of milk and dairy production produced by 7 Ukrainian subsidiaries of Milkiland‑Ukraine.

Milkiland Group together with Danone Ukraine will take part in the program of seminars for Ukrainian dairy companies aimed at studying of the requirements of the EU legislationto suppliers of dairy goods to European market.

Board of Directors of Milkiland N.V. recommended to the Annual General Meeting of Shareholders to declare a dividend to its shareholders in the amount of EUR 0.07 per ordinary share for the year ended 31 December 2013.

On April 7 Federal Service for Supervision of Consumer Rights Protection and Human Well‑being of the Russian Federation (Rospotrebnadzor) suspended the import of dairy goods produced by several Ukrainian producers to Russia, including cheese produced by Okhtyrka cheese combine.