On July 18, Mr. Evert Jan Krajenbrink, Agricultural Counsellor of the Embassy of the Kingdom of the Netherlandsin Ukrainevisited Milkiland subsidiaries in Chernihiv region

Dragon Capital in its recently distributed Equity Research “Remains a “Buy” Despite Downgraded Operating Outlook” confirmed its “Buy” recommendation and set a 12-month target price of PLN 17.73 (USD 5.40) per Milkiland N.V. share (53% upside).

Results of recently published forth Survey of best practice of corporate governance by Concorde Capital “Standards of corporate Governance – 2013” independently confirmed the high quality of corporate governance of Milkiland.

Kyiv, 20^th May 2013 – Milkiland started hard cheese production at its Polish-based subsidiary LLC Ostrowia. The first cheese under Ostrowia brand will be available for Polish consumers on July 1.

On April, 9, 2013 Federal Service on Customers Rights Protection and Human Well-Being Surveillance (Rospotrebnadzor) announced simplification of control procedures for exports of Ukrainian cheese to Russian Federation.