KER ACQUISITION OF THE 5.85% INTEREST IN THE OILSEEDS PROCESSING BUSINESS

Kernel Holding S.A. (herein “Kernel”) is pleased to announce that one of its subsidiaries acquired a 5.85% interest in ViOil Holding Ltd (herein “ViOil”) - a holding entity controlling two multiseed oil-extraction plants with annual crushing capacity of 1.1 million tons of sunflower seeds and a network of silos in Western Ukraine. As part of the transaction, Kernel entered into a customary shareholder agreement in relation to ViOil with its existing shareholders.