TIDMTOT

RNS Number : 0567D

Total Produce Plc

24 April 2013

Stock Exchange Announcement

Total Produce completes sale of Capespan Shareholding for EUR22m

Total Produce plc, Europe's leading fresh produce company, is pleased to announce that it has completed the sale of its 25.3% shareholding in Capespan Group Limited ("Capespan Group") to Zeder Financial Services Limited ("Zeder") for a cash consideration of EUR22 million.

On 17 April 2013 Total Produce announced that it had entered an agreement to sell its shareholding following the receipt of an offer from Zeder and the completion by Total Produce of a strategic review of the long term benefits of holding a minority stake.

The sale will give rise to a profit on disposal for Total Produce of an estimated EUR0.4 million, and the cash proceeds will be used in the continued expansion of the group.

24 April 2013

For further information, please contact:

Brian Bell, Wilson Hartnell PR

Tel: +353-1-669 0030

Ivan Murphy, Davy Corporate Finance

Tel: +353-1-679 6363

This information is provided by RNS

The company news service from the London Stock Exchange

END

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