AGRANA to convert preference shares into ordinary stock

Date: 12.07.2002

General Meeting of Shareholders approves stock conversion

At today’s 15th Ordinary General Meeting of the shareholders of AGRANA Beteiligungs-AG, the company’s ordinary shareholders resolved to approve the conversion of its 1,500,000 non-voting bearer preference shares into voting ordinary shares. At the subsequent meeting of the company’s preference shareholders, they consented to that conversion resolution by setting aside their preferred dividend rights. The resolution will become effective upon registration of the corresponding change to the Articles of Association, which will probably be as of 1 October 2002.
AGRANA will thus satisfy all the requirements for trading in the Prime Market Segment on the Vienna stock exchange.

Dividend increased to € 1.30 (previous year: € 1.09)

The company’s revenue and profit figures for the 2001/02 financial year were also presented to today’s General Meeting of Shareholders, which declared a dividend of € 1,30 (previous year: € 1.09).