OREANDA-NEWS. January 18, 2011. MHP S.A. ("MHP" or the "Company", 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 during the over-allotment option period the Joint Bookrunners exercised in part their option to purchase 1,429,668 GDRs, representing approximately USD 23.6 million in gross proceeds. As a result, an aggregate of approximately 11.4 million GDRs were sold in connection with this offering. All GDRs were sold at USD 16.50 per GDR, resulting in a total offering size of approximately USD 188.6 million. The over-allotment option period has closed and no additional shares will be sold pursuant to the over-allotment option.

All of the GDRs in the offering, including the GDRs subject to the over-allotment option, were sold by WTI Trading Limited (the "Selling Shareholder"). The Company did not receive any proceeds from the sale of the shares in connection with this secondary offering. The Selling Shareholder, a limited liability company organised under the laws of Cyprus, is beneficially owned by Yuriy Kosiuk, the controlling beneficial shareholder and CEO of the Company.

In connection with the transaction, the Company and the Selling Shareholder have agreed to a 180 day lock-up arrangement.

Morgan Stanley and UBS Investment Bank acted as Joint Bookrunners for the Offering.