Yesterday Danisco A/S held its Annual General Meeting (AGM), at which the 2000/01 Annual Accounts were approved. The AGM adopted the proposal of the Board of Directors to pay dividend of DKK 6.00 per share of DKK 20, or DKK 339 million.

Landowner Jon Krabbe and Dr. tech. h.c. Bo Berggren were re-elected to the Board of Directors.

The AGM approved the Board of Directors’ proposal for cancellation of a number of secondary names in Article 1.2 of the Articles of Association.

The AGM renewed the Board of Directors’ authorisation to allow the company to purchase its own shares in the period until the next AGM up to the amount of ten per cent of the share capital at the market price at the time of the purchase with a deviation of up to ten per cent.

Yours faithfully,

Alf Duch-Pedersen

Danisco develops and produces food ingredients, sweeteners and sugar. The Group employs 15,000 people in 40 countries and in 2000/01 Danisco reported net sales of DKK 23.5 billion. Danisco’s broad product portfolio includes emulsifiers, stabilisers, flavours, and sweeteners such as xylitol and fructose. Many of these ingredients are produced from natural raw materials and contribute, for instance, to improving the texture of products such as bread, ice cream and yoghurt. Danisco is also one of the largest and most efficient sugar producers in Europe.