Performance impacted by unfavourable Euro-Sterling conversion rate for results of the English subsidiary.

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1 PRESS RELEASE LA DORIA: Board of Directors approves 2017 Half-Year Report Revenue growth following significant volume increase. Slight margin reduction (as forecast) due to sales price deflation and heightened competition - partly as a result of Brexit. Performance impacted by unfavourable Euro-Sterling conversion rate for results of the English subsidiary. Satisfying performance overall considering challenging marketplace. Consolidated revenues up 1.9% to Euro million (Euro million in H1 2016). +7.4% at like-for-like exchange rates; EBITDA of Euro 24.5 million (Euro 26.8 million in H1 2016); EBITDA margin reduces from 8% to 7.2%; EBIT of Euro 16.8 million (Euro 18.6 million in H1 2016); EBIT margin reduces from 5.6% to 4.9%; Net Profit of Euro 12.3 million (Euro 14.6 million in H1 2016). Net Debt reduces to Euro 73.7 million (Euro million at ). Gearing at 0.35 from 0.50 at December 31, *** Angri (SA), September 19, The Board of Directors of La Doria S.p.A., the leading tomatobased products, sauces, pulses and fruit juices for supermarket private labels market Group, approved in Angri today the 2017 Half-Year Report. The first half of 2017 featured revenue growth on the back of a significant increase in volumes sold - ahead of forecasts - against industrial business price deflation, causing (as expected) a slight margin contraction. Group financial results were overall satisfying in view of the difficult marketplace. In particular, the manufacturing operations of the parent company La Doria S.p.A. and of the subsidiary Eugea Mediterranea S.p.A. on the one hand delivered improved revenues (+5%) following higher sales volumes, while on the other a slightly reduced margin, essentially due to

2 lower tomato-based product and pulses and vegetable sales prices. This latter was also impacted by higher costs for the main raw materials (including dry pulses and packaging materials). The ready-made sauces line performed very strongly in sales and profitability terms, expanding further both on the domestic and international markets. Trading activities by the subsidiary LDH (La Doria) Ltd on the English market also reported improved sales (+8.6%), due to volume growth and a slight increase in prices due to inflationary effects impacting, following the weakening of Sterling post-brexit, the main products imported in Euro and/or Dollars and sold by the company on the British market. The margin contracted slightly due to major pressure from the English Supermarkets amid inflation and heightened competitivity, with the company focusing on defending and/or increasing market share. The performance of the La Doria Group in H was also impacted by unfavourable Euro- Sterling movements on the results of LDH following the weakening of Sterling, which worsened from the third quarter of the previous year following the result of the Brexit referendum. H Consolidated Results Consolidated revenues were Euro million, up 1.9% on Euro million in the same period of the previous year. At like-for-like exchange rates, revenues would amount to Euro million (+7.4%). Excellent performance from the Pulses and vegetable line (+7.5%, +12.2% at like-for-like exchange rates) thanks to significantly improved volumes on both the overseas and domestic markets, with the Sauces line also advancing significantly (+10.6%, +12% at like-for-like exchange rate) following improved volumes, particularly overseas. The Red line and the Fruit line both contracted 3.3% (at like-for-like exchange rates the former improving 0.7% and the latter stable at -0.5%). Other line sales were substantially unchanged at -0.5% (+9.7% at like-for-like exchange rates). Group revenues were generated by Pulses and vegetables for 27.4%, Tomato-based products for 21.7%, Sauces for 12.8%, Fruit for 11.6% and Other lines (trading) for 26.5%. Exports account for 78.3% of sales, with the domestic market accounting for 21.7%. The main overseas market was Great Britain, followed by Germany, Australia, the Scandinavian countries, Japan and others. The principal profit margins at consolidated level were:

3 EBITDA of Euro 24.5 million, compared to Euro 26.8 million in H EBITDA margin at 7.2% from 8% in H1 2016; EBIT of Euro 16.8 million, compared to Euro 18.6 million in H EBIT margin of 4.9%, from 5.6% in H1 2016; Net profit of Euro 12.3 million compared to Euro 14.6 million in the first half of The key balance sheet figures at consolidated level were: the net financial position was a debt position of Euro 73.7 million, reducing on Euro million at December 31, 2016 (Euro 81.9 million at June 30, 2016). net equity of Euro million, an increase on Euro million at December 31, 2016 (Euro million at June 30, 2016); debt/equity ratio of 0.35, from 0.50 at December 31, 2016 (0.41 at June 30, 2016). H Parent Company Results The sales of the Parent Company La Doria S.p.A. in H amounted to Euro million, up 5% on Euro million in H EBITDA was Euro 19.2 million, in line with H1 2016, while EBIT amounted to Euro 12 million compared to Euro 11.5 million in H EBITDA margin at 8.8% and EBIT margin of 5.5% respectively (9.3% and 5.6% in H1 2016); The net profit was Euro 11.0 million, in line with Euro 11.1 million in the first half of The financial debt decreased to Euro 63.5 million from Euro million at December 31, 2016 (Euro 95.3 million at June 30, 2016). Net equity amounted to Euro million, against Euro million at December 31, 2016 and Euro million at June 30, Outlook In view of the Group s first half-year results, increased revenues are forecast for the full-year on the basis of the strong sales volumes and a slight margin reduction on The more challenging marketplace than 2016 is due on the one hand to lower manufactured goods sales prices and on the other the increased procurement costs of certain raw materials and packaging.

4 We also consider increased pressure from the supermarket chains and the heightened competition impacting primarily countries such as Italy, Germany and the United Kingdom - this latter particularly following Brexit and the consequent weakening of Sterling which impairs the Group s competitivity (although temporarily) on a number of product categories such as baked beans and pulses - which are British produced. Red line market conditions again improved during the concluding 2017 tomato processing campaign. Sector destocking as a result of the production decline in 2016 in Southern Italy and the forecast reduction in raw material quantities for processing domestically in the current year have pushed up tomato-based product sales prices, which should translate into a margin recovery from the final months of the year and to a greater extent in 2018 when red production will generate revenues. Positive signs are emerging also for canned pulses - particularly impacted in 2017 by the stated sales price deflation and increased raw material costs - thanks to the forecast improved harvest whose full effects should begin to materialise from the end of the fourth quarter and fully in the coming year. La Doria, a company listed on the STAR segment of Borsa Italiana, is the leading Italian producer of processed pulses and tomato-based products (peeled and chopped) and second for fruit juices and beverages. With the acquisition of the Pa.fi.al Group, La Doria has become the leading Italian producer of private label ready-made sauces and among the leaders in Europe. Revenues in 2016 totalled Euro million, of which approximately 90% generated by the private label segment (retail chain brands), with customers such as Carrefour, Auchan, Selex and Conad in Italy and Tesco, Sainsbury, Morrisons and Waitrose on foreign markets, which represent the main commercial outlet for the Group. The executive officer for financial reporting, Dr. Alberto Festa, declares in accordance with Article 154 bis, paragraph 2, of the Consolidated Finance Act, that the accounting information contained in the present press release corresponds to the underlying accounting documents, records and accounting entries. The reclassified balance sheet and income statement of the La Doria Group and of La Doria S.p.A. at are attached to the present press release. Contact: Patrizia Lepere Investor & Media Relations Manager La Doria S.p.A. Tel. 081/ Mob.: 340/ patrizia.lepere@gruppoladoria.it Website:

5 LA DORIA GROUP - condensed consolidated balance sheet In accordance with EU/IFRS in thousands of Euros 30/06/ /12/2016 Trade receivables Inventories Other current accounts receivable Total current assets Trade payables Other current accounts payable Total current payables WORKING CAPITAL Intangible assets - net Property, plant and equipment-net Equity investments in associates Other assets TOTAL NON-CURRENT ASSETS Non current liabilities Reserve for employee termination benefit and other reserves Total non current liabilities NET INVESTED CAPITAL Cash and cash equivalents (69.618) (62.776) Short-term borrowings Medium and long-term borrowings NET CASH POSITION Group Shareholders' Equity Shareholders' Equity pertaining to minority interest SHAREHOLDERS' EQUITY

6 LA DORIA GROUP - reclassified consolidated income statement In accordance with EU/IFRS in thousands of Euros 30/06/ /06/2016 Revenues ,0% ,0% Changes in inventories of work in progress and semifinished and finished goods (29.520) -8,7% (28.156) -8,4% Other income ,8% ,3% Production value ,1% ,9% Operative expenses ,2% ,9% Value added ,9% ,0% Labour costs ,7% ,9% EBITDA ,2% ,0% Amortisation and depreciation expenses ,2% ,5% EBIT ,9% ,6% Financial income and expenses, net (1.094) -0,3% (1.330) -0,4% Exchange gains (losses) ,3% ,8% Profit/(loss) from operating activities ,0% ,0% Gain on discontinued operations 0 0,0% 0 0,0% Profit (loss) before tax ,0% ,0% Income taxes ,3% ,6% Net profit (loss) ,6% ,4% of which Group ,6% ,4% of which minority interest (8) 0,0% (20) 0,0%

7 LA DORIA SPA - condesed balance sheet In accordance with EU/IFRS in thousands of Euros 30/06/ /12/2016 Trade receivables Inventories Other current accounts receivable Total current assets Trade payables Other current accounts payable Total current payables WORKING CAPITAL Intangible assets - net Property, plant and equipment-net Equity investments in associates Other assets TOTAL NON-CURRENT ASSETS Non current liabilities Reserve for employee termination benefit and other reserves Total non current liabilities NET INVESTED CAPITAL Cash and cash equivalents (52.042) (34.389) Short-term borrowings Medium and long-term borrowings NET CASH POSITION Group Shareholders' Equity Shareholders' Equity pertaining to minority interest SHAREHOLDERS' EQUITY

8 LA DORIA S.p.A. - reclassified income statement In accordance with EU/IFRS in thousands of Euros 30/06/ /06/2016 Revenues ,0% ,0% Changes in inventories of work in progress and semifinished and finished goods (31.917) -14,7% (22.644) -11,0% Other income ,7% ,0% Production value ,0% ,0% Operative expenses ,0% ,2% Value added ,0% ,8% Labour costs ,1% ,5% EBITDA ,8% ,3% Amortisation and depreciation expenses ,3% ,8% EBIT ,5% ,6% Income from equity investments ,3% ,7% Financial income/(charges) (1.103) -0,5% (1.416) -0,7% Exchange gains (losses) 941 0,4% ,7% Profit/(loss) from operating activities ,8% ,3% Gain on discontinued operations 0 0,0% 0 0,0% Profit (loss) before tax ,8% ,3% Income taxes ,7% ,9% Net profit (loss) ,1% ,4%