AVANGARDCO INVESTMENTS PUBLIC

The Company implements a strategy of expansion through mergers and acquisitions, as well as organic growth. During this period, the Company purchased additional 18 laying farms, 3 hatcheries and 4 feed mills. In order to cover production needs for replacement flock, the Company constructs 7 rearing farms. During the same period, the Company constructs warehouses for long-term egg storage as well as 2 feed mills. This strategy ensures the Company's presence in 14 regions of Ukraine and allows for the development of a vertically integrated business. In 2007, the "Imperovo Foods" egg processing plant started its operations (although it was not part of the Company until 2009). It was constructed by the Company and outfitted with state-of-the-art equipment in partnership with Sanovo, a world leader in the manufacture of egg processing equipment. The Company became the largest producer of shell eggs and dry egg products in Ukraine. Avangardco IPL was incorporated on 23 October 2007 under the law of Cyprus to serve as the ultimate holding company for Avangard.