CEREBOS TO CONTINUE STRATEGIC INVESTMENTS IN FY2012 DESPITE LOWER Q1 PROFIT

Cerebos News Release

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news release final
FOR IMMEDIATE RELEASE Contact : Daniel Quek
+65-62120289

CEREBOS TO CONTINUE STRATEGIC INVESTMENTS
IN FY2012 DESPITE LOWER Q1 PROFIT

Highlights
Q1 Sales up 4% at $241.2 m
Q1 Operating Profit down 14% at $36.3 m
Q1 Net Profit down 13% at $25.3 m
Return on Shareholders' Fund at 21.7%

[ Singapore - 3rd May 2012 ] Cerebos Pacific Limited today reported a first quarter FY2012 sales revenue of S$241.2 million and a Group operating profit of S$36.3 million with a net profit of S$25.3 million.



For its Health Supplement Division, sales rose 4% generated from strong sales performances in Thailand, Hong Kong and Malaysia. In general the timing of the Chinese New Year period being earlier than last year meant that the festive sales uplift was taken into the previous December 2011 sales. Its Taiwan (ROC) business continues on the road to recovery from the nationwide food contamination scare which still affects consumer sentiment. In China (PRC), the business was impacted by its strategy of shifting to more profitable channels, which has still some way to progress, as well as by the launching of new products.

Overall, the BRAND'S® Essence of Chicken range is growing well in many markets and has been gaining wider consumer attention as a result of ongoing publicity for a new scientific discovery - the unique bioactive peptide ProBeptigen® which works to positively impact performance in the brain. It is now understood that ProBeptigen® in BRAND'S® Essence of Chicken holds the key to aiding memory, mental sharpness, concentration, and learning motivation.

For its Food & Coffee Division (FCD) sales rose 5% mainly as a result of better coffee sales in New Zealand. However the competitive retail landscape in Australia continues to present a challenge and tempered the division's performance.

The FCD strategy to deliver more exciting new product formats in the food category coupled with the active exploration to extend coffee into Asian markets over the next few years will strengthen its position for continued growth.

Looking ahead President & Group CEO Mr Eiji Koike expressed his determination to invest further in order to make Cerebos more sustainable: "The Group will continue to invest in its strategic priorities namely customer relationship focusing on digital initiatives, research and new product development as well as supply chain management, in line with its vision to increase stakeholder value."
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ABOUT CEREBOS

Cerebos Pacific Limited is a leading food and health supplements enterprise with its corporate headquarters in Singapore. It is a company listed on the Singapore Exchange, providing management services to subsidiary and associate companies in the Asia Pacific.

Its flagship product, BRAND'S® Essence of Chicken is the category leader. Its main markets are Thailand, Taiwan (ROC), Singapore, Malaysia, Hong Kong(SAR) and China(PRC). More than 150 million bottles of BRAND'S® products were sold last year.

BRAND'S® health supplements tablets products are making its presence felt in the mainstream health supplements segment and features the Wellness range and the Innershine range.

ProBeptigen® is the unique bioactive peptide in BRAND'S® Essence of Chicken which works to positively impact performance in the brain. It is now understood that ProBeptigen®, which has been patented, holds the key to aiding memory, mental sharpness, concentration, and learning motivation.

In Australasia, Cerebos' products are market leaders in gravies, sauces, coffee and cooking aids marketed under well known brand names including Gravox®, Fountain®, Robert Harris®, Mocopan®, Toby's Estate®, Caffe L'affare® and Gregg's®.

It also markets Asian sauces and spice pastes under the Asian Home Gourmet® brand name.

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 1st Quarter 2012 Financial Statement Announcement.

Media Contact :
Daniel Quek
Group Corporate Affairs & Investor Relations Tel: +65-62120289 DID M:+65-97542438
email: dq@cerebos.com.sg

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