EAC receives payment of outstanding royalties from Venezuela of USD 15m


Today EAC received payment of approved royalties from EAC Foods equalling USD
15m (DKK 90m). The payment toke place at the official preferential rate of
VEF/USD of 2.60 which was introduced in connection with the devaluation on 8
January 2010. The payment covers part of the royalty payments for 2008 and
2009. 

The timing of the additional outstanding dividend and royalty payments remains
uncertain; however, EAC Foods is in close dialogue with the relevant
authorities in this respect. EAC still expects that also the remaining royalty
and dividend payments requested prior to the devaluation will take place at the
preferential exchange rate (VEF/USD 2.60). 


Yours sincerely,

The East Asiatic Company Ltd. A/S


For additional information, please contact:

President & CEO Niels Henrik Jensen
+45 3525 4300
nhj@eac.dk

Group CFO Michael Østerlund Madsen
+45 3525 4300
mom@eac.dk

www.eac.dk

Attachments

eac receives royalty payment_no 7.pdf