Goodman Fielder: Wilmar International increases stake

Sydney / AU. (gfl) Goodman Fielder Limited notes that UBS is seeking to acquire ten percent of the issued capital of Wilmar International. Goodman Fielder understands that UBS is purchasing shares in the company on behalf of Wilmar International Limited. Goodman Fielder is aware that Wilmar has had a shareholding of less than five percent in the company and notes that Wilmar has been involved in the preliminary stages of the possible divestment of Goodman Fielder´s non-core assets. Goodman Fielder has been in discussions with Wilmar in that context. Goodman Fielder has not received any proposals to acquire Goodman Fielder from Wilmar or any other party. Goodman Fielder is fully committed to the execution of its strategic plan and continues to believe that it has the capacity to create significant value for shareholders relative to the current share price. Goodman Fielder will keep the market informed in accordance with its continuous disclosure obligations.