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Declaration of intent to acquire majority stake in Gosschalk dissolved

News item

Following the announcement on 30 January 2023 that the VanDrie Group had entered into a declaration of intent to
acquire a majority stake in Exportslachterij J. Gosschalk en Zn. B.V. of Epe, this agreement has since been dissolved. As a
result, the VanDrie Group's participation in Exportslachterij J. J. Gosschalk en Zn. B.V. is definitively off the table.

Although both companies saw promising synergy benefits and opportunities to jointly shape the necessary development at Exportslachterij J. Gosschalk en Zn. B.V., recent developments have disrupted the prospects of this undertaking. An acute liquidity problem arose as a result of the bankruptcy of a Danish customer. The VanDrie Group declared itself unwilling to provide extra
financial resources prior to approval by the competition authority and completion of the acquisition investigation.
Exportslachterij J. Gosschalk en Zn. B.V. has subsequently taken the step of cancelling the declaration of intent.

The VanDrie Group regrets the developments and looks back with appreciation on the personal collaboration with representatives of Exportslachterij J. Gosschalk en Zn. B.V. throughout this process

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