Deoleo completes 25 million-euro capital increase to drive international growth

• Trading of the new shares begins today.
• The proceeds will help Deoleo focus on growth in international markets, enhancing the company's leading brands while forging strategic agreements with suppliers that are committed to quality.
• CVC Fund VI has reached a 56.40% share in the new capital, a clear sign of its commitment to Deoleo's executive team and business plan.
• Over 2,000 minority shareholders have also participated in the capital increase.

MADRID, Nov. 7, 2018 /PRNewswire/ -- Deoleo has successfully completed the capital increase announced in April 2018 and carried out in October for a nominal amount of 25,018,022 euros through the issuance of 250,180,220 shares. The funds raised will allow Deoleo to focus on international markets with high growth potential, support for the company's leading brands, whilst also forging strategic business agreements with providers who are committed to quality.

OLE Investments, an indirect investee of CVC Fund VI, Deoleo's majority shareholder, now has 56.40% in the company's share capital. The fund had already announced that it would fully cover the issue, reiterating its firm support for the current executive team and the business plan which seeks to continue driving long-term growth.

In addition, more than 2,000 minority shareholders have participated in the capital increase. Deoleo's new share capital has been fixed at 140,485,816.90 euros, represented by 1,404,858,169 shares, each of a par value of 0.10 euros. The new shares stemming from the increase have begun trading on the Stock Exchanges of Madrid, Barcelona, Bilbao and Valencia today.

The purpose of this capital increase in Deoleo, which currently enjoys a 10.2%^[1] share of the worldwide olive oil market, is to strengthen its award-winning brands: BERTOLLI®, Carbonell and Carapelli. Deoleo will deliver commercial innovation through the global refresh of the world-leading Bertolli brand and the launch of its premium range under the Carapelli and Hojiblanca brands in Spain. In addition, Deoleo continues to expand its range of organic olive oils as customer demand for organic food and products grows. Deoleo is focusing on an olive oil production and sales model firmly based on value and quality. This model will be rolled out across the entire production chain, from the olive grove to the shop shelf.

[1] Euromonitor 2017

ABOUT DEOLEO (BME:OLE)

Deoleo is a Spanish multinational food company and the world's top selling olive oil bottler, present in over 80 countries on the five continents. It has factories in Spain and Italy and sales offices in 15 countries. Deoleo has leading global brands, such as Bertolli, the best-selling brand in the United States, Carapelli and Sasso; and the Spanish brands Carbonell, Hojiblanca and Koipe.

SOURCE Deoleo

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