OREANDA-NEWS. November 24, 2010. HP S.A. ("MHP", LSE ticker: "MHPC"), one of the leading agro-industrial companies in Ukraine, focusing on the production of poultry and the cultivation of grain, announces that it has acquired 100% of LLC Start, LLC Balance and LLC Ukraine whose principal operations are the cultivation of grain in the Khmelnytsky region of Ukraine. This acquisition adds 12,000 hectares to MHP's land bank, which will be incorporated into one of MHP's grain growing enterprises - CJSC Zernoproduct MHP.

Yuriy Kosiuk, Chief Executive Officer of MHP, said:

"This acquisition is the next step in the execution of our stated strategy of increasing our land bank. We expect to grow our land bank to 400,000 hectares in the next couple of years to meet growing internal demand for corn and sunflower as well as increasing our external sales of grain."