Myronivsky Hliboproduct one of Ukraine's leading agro-industrial companies

Company Presentation May 23, 2017

Disclaimer

These materials may not be copied, published, distributed or transmitted. These materials do not constitute an offer to sell or the solicitation of an offer to buy the securities to be offered in connection with the offering. Those securities have not been, and will not be, registered under the United States Securities Act of 1933 (the "Securities Act") and may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act.

This presentation is furnished on a confidential basis only for the use of the intended recipient and only for discussion purposes, may be amended and/or supplemented without notice and may not be relied upon for the purposes of entering into any transaction. The information presented herein will be deemed to be superseded by any subsequent versions of this presentation and is subject to the information later appearing in any related prospectus, offering circular, pricing supplement or other offer document. The information in this presentation is being provided by MHP S.A. The joint lead managers make no representation or warranty, express or implied, as to the accuracy or completeness of the information in this presentation, and nothing in this presentation is, or shall be relied upon as, a promise or representation by the joint lead managers.

This presentation is made to and directed only at (i) persons outside the United Kingdom, (ii) investment professionals falling within Article 19(5) of the Financial and Markets Act 200 (Financial Promotion) Order 2005 (the "Order"), and (iii) high net worth individuals, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (such persons, "Relevant Persons"). The Notes are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such Notes will be engaged in only with, relevant persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents. This presentation contains forward looking statements, including statements about MHP S.A. beliefs and expectations. These statements are based on MHP S.A. current plans, estimates and projections,

as well as its expectations of external conditions and events. All projections, valuations and statistical analyses are provided to assist the recipient in the evaluation of the matters described herein. They may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results and, to the extent that they are based on historical information, they should not be relied upon as an accurate prediction of future performance. Forward- looking statements involve inherent risks and uncertainties and speak only as of the date they are made. A number of important factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statements.

Certain information presented herein (including market data and statistical information) has been obtained from various sources which MHP S.A. considers to be reliable. However, MHP S.A. makes no representation as to, and accepts no responsibility or liability whatsoever for, the accuracy or completeness of such information.

May 19, 2016 2

Agenda

Introduction & Business Update

Anastasiya Sobotyuk, Director of IR, MHP

Q1 2017 Financials

Victoria Kapelyushnaya, CFO, MHP

Trading Update & Outlook

Anastasiya Sobotyuk, Director of IR, MHP

Q&A

MHP Team

www.mhp.com.ua

Ukraine Macro Fundamentals and MHP Recent Events

  • In Q1 2017 real GDP in Ukraine grew by 2.4% y-o-y. Retail sales grew by 3.1% y-o-y

  • UAH / USD exchange rate devaluated about 5% y-o-y

  • In Q1 inflation accelerated to 13.9% year-on-year driven by

    Real GDP and CPI Dynamics (quarterly change y-o-y)

    80%

    60%

    40%

    utilities and transport

  • Meat consumption per capita in 2016 remained relatively stable

  • In March MHP opened a processing facility in Slovakia

  • In May MHP successfully completed a new Eurobond issue of

20%

0%

(20%)

(40%)

Q1 Q2

Q3 Q4 Q1

Q2 Q3 Q4

Q1 Q2 Q3

Q4 Q1

13,9%

3,1%

2,4%

US$500 million 7.75% Senior Notes due 2024

2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017

Meat Consumption per Capita in Ukraine (kg)

100

80 72

60

40

20

54

1,0

23,8

56

1,0

21,5

30

27.0

GDP Retail sales CPI

UAH / USD Dynamic

40

33.8

29

12,0

11,0

6,0

2001

43

1

13,0

13,0

51

1,0

22,5

9,1

8,5

54

0,9

19,7

9,2 9,1

51

0,8

18,1

8,1

51

0,6

19,4

7,7

16,0

18,6

21,1

24,4

24.3 23,9 23,7

0

1990

2006 2011 2012

Poultry Beef Pork

2013

Other

2014 2015 2016

20

Significant depreciation occurred due to escalation of

political and social unrest in Eastern Ukraine

10

Sharp spike took place after Ukrainian central bank

removed currency peg and raised key interest rates (6-Feb- 2015)

0

Source: Company Information, SSSU, NBU, Ukrainian Poultry Producers Union, Bloomberg as of May 18, 2017

May 23, 2017 4

MHP SA published this content on 23 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 May 2017 12:40:18 UTC.

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