Êyiv, Ukraine - AVANGARDCO INVESTMENTS PUBLIC LIMITED (LSE: AVGR) (the «Company» or «AVANGARDCO IPL»), the largest producer of shell eggs and egg products in Ukraine and number one producer in Eurasia, today issues its trading update for October 2012.

Total Flock

During October 2012 the total poultry flock grew by 13% year on year to 27.8 million (October 2011: 24.6 million), with the number of laying hens increasing by 7% year on year to 21.6 million (October 2011: 20.2 million).

Shell Egg Segment

Production: The Company increased its production volume of shell eggs by 3% year on year to 549 million units (October 2011: 534 million units) as a result of the growth in the population of laying hens.

Sales: During the reporting period, sales to external customers increased by 12% year on year to 509 million units (October 2011: 454 million units). The Company continued to develop its sales channels and grow its presence in national retail chains. During October 2012 the Company exported shell eggs to the markets of MENA region, Central and West Africa and the CIS.

The brand "Kvochka": In October 2012, the Company celebrated World Egg Day in Ukraine by promoting the brand "Kvochka" in five regional centers of Ukraine through a series of family-oriented events and BTL-campaigns in key retail chains. The Company also launched a nationwide charity campaign to support young sportsmen: AVANGARDCO IPL will donate UAH 0.05 from the sale of each package of TM "Kvochka".

Pricing trends: There is still seasonality in the Ukrainian egg market but to a much lesser extent in comparison to previous years due to increased levels of market consolidation, improvement of facilities for egg storage among major producers, as well as increased production of egg products. Traditionally, egg prices start growing in September and peak in December, thus reflecting a lower supply from private households during the second half of the year, changes in consumers' diet due to cold weather and the upcoming holidays. According to Pro-Consulting estimates, the average egg price increased by 25% in October 2012, compared to average price in August 2012, less than the increase in 2011 over the same period of around 33%, which indicates the reduction in seasonal fluctuations. In October 2012 the average price increased by 3% year on year.

Positive annual dynamics in the growth of egg prices reflect the increase in production costs of eggs, improved purchasing power of population, as well as increased demand for eggs from overseas markets. According to analysts' estimates, the average wholesale price for eggs is expected to increase by 12.7% year on year by the end of 2012.

Egg Products Segment

Production: During October 2012 the volume of processed shell eggs increased by 1% year on year to 86 million units (October 2011: 85 million units). During October 2012 the Company exported egg products to the markets of MENA region and Asia.

Grain Purchases

As at November 1, 2012 the Company received 73% of its forward grain contracts.

Investment Projects

The construction of two poultry complexes for egg production "Avis" and "Chornobaivske" in Khmelnytsky and Kherson regions is going according to the schedule. To view the progress in the construction of operational facilities at "Avis" and "Chornobaivske" egg production complexes please visit.

Other Information

The data presented in the press release may differ from the audited results as it was sourced from management accounting.

Announcement of Financial Results for 9 months of 2012

AVANGARDCO INVESTMENTS PUBLIC LIMITED will announce its operating and unaudited financial results for the nine months ended September 30, 2012 on November 22, 2012 and host a conference call on the day of publication of the results. You will find the dial-in details in the press release on the day of publication.

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For investor's inquiries:

Alina Korniets
AVANGARDCO IPL
Acting Head of Investor Relations

Phone: +38 044 593 28 60
Mobile: +38 067 664 49 99
e-mail: a.korniets@avangardco.ua

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Fergus Brady
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Olga Terebova
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