Start of EUR 100 million share buy-back programme, following completion of the share buy-back programme to cover future stock dividends and employee stock plans

Nutreco announces that (i) it has completed the share buy-back programme to cover future stock dividends and employee stock plans, and (ii) the share buy-back programme of € 100 million to optimise the efficiency of the balance sheet and enhance future earnings per share, as announced on 24 July 2014, will now begin.

Share buy-back programme to cover future stock dividends and employee plans completed

Pursuant to the share buy-back programme announced on 12 June 2014 and the press release on 23 June 2014, up to and including 25 August 2014 Nutreco purchased 1,400,000 of its ordinary shares at an average price of € 31.25 per share, for a total consideration of € 43.4 million. Herewith the share buy-back programme to cover future stock dividends and employee stock plans is completed.

Nutreco currently holds approximately 2.0% of its ordinary shares. The issued share capital per today amounts 70,237,364 shares.

Share buy-back programme of € 100 million

The share buy-back programme of € 100 million to optimise the efficiency of the balance sheet and enhance future earnings per share, as announced on 24 July 2014, will now begin. This programme will ultimately end on 31 January 2015, unless Nutreco shares for the overall maximum amount of
€ 100 million have been repurchased prior to that date. In that case the programme will end on the date on which this maximum is reached.

The € 100 million is between 4 to 5% of Nutreco's issued share capital. The shares to be repurchased under this share buy-back programme will be cancelled in due course, resulting in a reduction of Nutreco's outstanding share capital.

The share buy-back programme will be carried out in accordance with Nutreco's Articles of Association and within the mandate given by the Annual General Meeting of shareholders on 27 March 2014. Within the limits set at that meeting, the price to be paid for the Nutreco shares will be between the nominal value of the shares and 110% of the average closing price of the last five preceding trading days on the NYSE Euronext Amsterdam stock exchange.

Nutreco has mandated ABN AMRO to undertake the share buy-back programme. ABN AMRO makes its trading decisions with regard to the number of shares and the timing of the purchases independently of Nutreco.

Nutreco will provide updates on the progress of the programme by means of weekly press releases.

END OF PRESS RELEASE

Note to the editor (not for publication)

This press release is also published in Dutch. In the event of differences, the English language version shall prevail as the authoritative version.

Driving sustainable growth

Nutreco's strategy 'Driving sustainable growth' is to grow and improve profitability by providing innovative and sustainable nutritional solutions for its customers. This will be realised by focusing on a higher value-added portfolio of nutritional solutions such as premixes, feed specialties and fish feed, and by expanding into the growth geographies of Latin America, Russia, Asia and Africa, which will see the largest increases in both production and consumption of animal protein food products.

Nutreco
Nutreco is a global leader in animal nutrition and fish feed. Our advanced feed solutions are at the origin of food for millions of consumers worldwide. Quality, innovation and sustainability are guiding principles, embedded in the Nutreco culture from research and raw material procurement to products and services for agriculture and aquaculture. Experience across 100 years brings Nutreco a rich heritage of knowledge and experience for building its future. Nutreco employs approximately 10,000 people in 30 countries, with sales in 80 countries. Nutreco is listed on the NYSE Euronext stock exchange in Amsterdam and reported annual revenue of € 5.2 billion in 2013.

www.nutreco.com

Investor and analyst enquiries

Jurgen Pullens, Director Investor Relations

T +31 (0) 33 422 6134

M +31 (0) 6 5159 9483

E jurgen.pullens@nutreco.com

Meer informatie voor pers en media
Mark Woldberg, Manager Corporate Communication

T +31 (0) 33 422 6178

M +31 (0) 6 1503 3036

E mark.woldberg@nutreco.com

The full press releases in English and Dutch are attached in the pdfs below.