Announcement of Mill Acquisition in Bulgaria

Loulis Food Ingredients_Announcement of Mill Acquisition in Bulgaria

LOULIS MILLS SA (the "Company") announces the purchase of an industrial unit (Mill) in northeastern Bulgaria (General Toshevo) through its subsidiary LOULIS MEL - BULGARIA EAD.
The mill is located in the fertile area of Dobrich, where the best Bulgarian grain is produced, just 13 km from Romanian border, is built in 2015, with a capacity of 100 tons / 24 hours with a storage capacity of 4,500 tons of wheat and is located on a plot of 21,000 sqm.

The purchase was for 2.25 million euro and was financed from own funds.

The Company, after 10 years, returns to the Balkan market with a production unit designed to serve the markets of Bulgaria and Romania. These markets are dynamically growing with increasing demands for quality flour, which the company plans to cover. The company's goal is to grow on international markets through both export and investment.

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