CEREBOS Q2 FY2011 RESULTS SHOW STEADY SALES GROWTH AMID HIGHER OPERATING COSTS

Cerebos News Release

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news release final

Embargoed until 5:05 pm Contact : Daniel Quek

+65-62120289

CEREBOS Q2 FY2011 RESULTS SHOW STEADY SALES GROWTH AMID HIGHER OPERATING COSTS

FIRST HALF-YEAR RESULTS POSITIVE: TURNOVER UP 8% NET PROFIT UP 6%

Highlights Q2 FY2011

Q2 Turnover +10% at S$230.8 million

Operating Profit - 8% at S$26.1 million

Net Profit -20% at S$16.2 million

Highlights First 6 Months FY2011

First 6 months Turnover +8% at S$461.7 million

Operating Profit +22%at S$68.4 million

Net Profit + 6% at S$45.3 million

Return on Shareholders Funds at 23.9%

[ Singapore –1st August 2011 ] Cerebos Pacific Limited today announced a 2nd Quarter net profit of S$16.2 million (compared to S$20.3 million in the previous corresponding quarter). Turnover at S$230.8 million was 10% higher (excluding exchange translation gain, +9%) than the previous corresponding quarter largely from higher sales in both core businesses of Health Supplement Division and the Food & Coffee Division.

The Group's Operating Profit ("OP") for the 2nd quarter decreased by 8% against the previous corresponding quarter. The lower OP was primarily due to higher operating costs. The Food & Coffee Division 2nd quarter OP improved 7% while for the Health Supplement Division 2nd Quarter OP was 6% lower and would have been flat if the exchange translation loss of S$1.6 million was excluded.

President & Group CEO, Mr Eiji Koike said: “The Group’s sales performance was reasonable but the financial results were affected mainly by higher operating costs. Raw material cost increases were the biggest factor especially coffee, sugar and raw bird’s nest.

Overall our established brands in health supplements, food and coffee have continued to make headway, reinforcing their category leadership. We were able to continually engage our consumers and benefited from the strong brands despite the global economic sentiment.”

For the first six months ended 30 June 2011, Cerebos Group turnover was S$461.7 million (HY 2010 : S$426.3 million). Excluding the S$6.0 million exchange loss, Group turnover would have been 10% higher than the previous period. OP for the first six months rose by 22% relative to last year (+28% excluding exchange translation loss of S$3.4 million) at S$68.4 million

compared to S$56.1 million for the previous corresponding period. Net profit for the first six months was 6% higher at S$45.3 million compared to S$42.9 million for the previous corresponding period.

On the outlook for the 2nd half of the financial year, Mr Koike underscored his determination to manage issues arising and to continue investing for the future: “For the 2nd half, despite the uncertainty of the global economic environment and the upward pressures on commodity prices, the Group will continue its objective to enhance shareholders’ value. This includes making strategic investments in brand building, consumer engagement, human resources, supply chain management and research & development”.

ABOUT CEREBOS

Cerebos Pacific Limited is a leading food and health supplements enterprise with its corporate headquarters in Singapore. It is a blue-chip company listed on the Singapore Exchange Securities Limited, providing management services to subsidiary and associate companies in the Asia Pacific. It is also a benchmark component of the FTSE / ASEAN Index.

Its flagship product, BRAND’S® Essence of Chicken is the category leader. Its main markets are Thailand, Taiwan, Singapore, Malaysia, Hong Kong and China. More than 150 million bottles of BRAND’S products were sold last year. In Asia ,the Health Supplement Division manages liquid and tablets products ranges for consumers health and wellness needs. In Australasia, the Food & Coffee Division managess products including gravies, sauces, coffee and cooking aids marketed under established brand names including Gravox®, Fountain®,Robert Harris®, Gregg's ®,Caffe Láffare® and Toby’s Estate®

Cerebos was ranked 26th best company among all Singapore listed companies , as assessed on 1 March 2009, by the inaugural BT Governance & Transparency Index.

Cerebos’ homepage address is http://www.cerebos.com

BRAND’S® homepage address is http://www.brandsworld.com

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Attached :

Cerebos Pacific Limited 2nd Quarter and First Six Months Financial Statement Announcement

for FY 2011.

Media Contact :

Daniel Quek

Corporate Affairs & Investor Relations

Tel: +65-62120289 DID

email: dq@cerebos.com.sg

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