ORGANIZATION: MOBILIZE SYNERGIES AND BOOST GROWTH

RESPONSIBLE AND COMMITTED

The quality of our Human Resources policy was once more distinguished by the award of the Top Employer Europe for 2014 label. The certification associates France, Spain, Germany, Benelux and Poland. The Group was also Top Employer France for the 6th consecutive year and Top Employer Spain for the 5th.

For the 5th consecutive year we were a member of the Gaïa socially responsible enterprise index of mid-caps listed on the Paris Stock Exchange. Selection for the index, performed by the non-financial rating agency EthiFinance, is based on companies transparency and performance in terms of corporate social responsibility with a focus on governance, employment, the environment and stakeholder relationships.

TOP EMPLOYER EUROPE FOR 2014

2014

Such is the ambition of two new divisions created in 2014.

Butter Cream International Sales brings together Elvir, Alliance Food Service, Corman and Elvir International now also responsible for commercializing the Milkana brand beyond Europe. The objective is to accelerate our development both in Europe and internationally by pooling our sales forces.

Armor is the Group s new dairy ingredients division uniting the following five units under a common banner and a common ambition: Armor Protéines for functional and nutritional dairy ingredients, Armor Pharma for pharmaceutical lactose, Sodilac for infant formula, Elvor for young animal nutrition and Cheese Ingredients for cheese-based ingredients.

Our cheese portfolio has been enriched by traditional Poitou cheese specialties: Saint-Loup, a cylindrical goat s cheese manufactured in the same cheese plant in Saint-Loup- sur-Thouet for the past 120 years, Mottin Charentais, a very creamy cow milk cheese and Platane, a combined goat and cow milk cheese that melts in your mouth. In 2014 we re-launched these three brands, united within Fromageries Lescure, with significantly improved recipes, new packaging vaunting their origins and authenticity, and appropriate advertising and promotion.

Land of Innovative Solutions

FROMAGERIES LESCURE: A NEW LOOK AT TRADITION

2014 Annual Report 5