OREANDA-NEWS. December 16, 2010. MHP S.A. ("MHP" or the "Company", LSE ticker: "MHPC"), one of the leading agro-industrial companies in Ukraine, focusing on the production of poultry and the cultivation of grain, announces that today WTI Trading Limited (the "Selling Shareholder") has successfully completed a placing of 10.0 million of the Company's ordinary shares in the form of Global Depositary Receipts ("GDRs"), with one GDR representing an interest in one share. In addition, the Selling Shareholder has granted the joint bookrunners (as defined below) an overallotment option for up to an additional 1.5 million GDRs, exercisable within 30 days of hereof. The shares were sold at a price of USD 16.5 per GDR.

Gross proceeds for the Selling Shareholder amount to USD 189.8 million, assuming that the over-allotment option is exercised in full. The Selling Shareholder, a limited liability company organised under the laws of Cyprus, is beneficially owned by Yuriy Kosiuk, the controlling beneficial shareholder and CEO of the Company.

Following the transaction, the shareholding of the Selling Shareholder is reduced to 69.6 million ordinary shares in MHP S.A., representing approximately 65% of the Company's outstanding share capital, assuming that the over-allotment option is exercised in full. In connection with the transaction, the Company and the Selling Shareholder have agreed to a 180 day lock-up arrangement.

Morgan Stanley and UBS Investment Bank acted as Joint Bookrunners for the Offering.

Yuriy Kosiuk, CEO and the controlling beneficial shareholder of MHP, commented:

"We are very pleased to have successfully completed this placement which has increased our public float by almost 50% and should provide for an increase in the trading liquidity of our GDRs".