UFC Holding N.V.
Present Value of UFC China’s core Projects estimated to EUR 11m
UFC Holding N.V. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Eindhoven, September 03, 2007 - UFC Holding N.V. is a Dutch based holding company that focuses on investments in the forestry industry in China. The company announced today the result of an independent company valuation. The study from Sallmanns (Far East) Ltd focuses on the four core forestry projects of UFC China Ltd and estimates a present value of the future free cash flows of approximately EUR 11m (RMB 113m). The valuation report is mainly based on the financial statements for the year ended June 30, 2007 and financial forecasts of UFC China Ltd. Sallmanns (Far East) Ltd evaluates the company’s market value of a 100 per cent equity interest as of June 30, 2007. By using the discounted cash flow method, it estimates the fair present value derived from the following four forestry projects: in addition to the existing project in Jiujiang (Jiangxi province) UFC China Ltd plans three further forestry projects in the Jiangxi and Hubei province. To approve the evaluation, the team visited the forest source of the company in Jiujiang City, Jiangxi province and discussed important topics with local operational managers. The study further outlines the growth potential of the Chinese forestry market due to the strong domestic and industrial demand for wood and wood-based products. The Chinese government supports the wood business by investing in new plantation projects and by offering tax exemptions. Not included in the forecasts are earning potentials of further business activities of UFC China Ltd. By using all resources of the forestry projects, UFC China Ltd recently started additional business activities in the area of agriculture business. More information regarding UFC Holding N.V. can be found at the company´s website www.ufc-holding.com. For any further information, please contact our Corporate Communications Team directly: UFC Holding N.V. Corporate Communication t: +49 (0) 89 244118-411 f: +49 (0) 89 244118-499 About UFC Holding N.V. UFC Holding N.V. is a Dutch based holding company that focuses on investments in the forestry industry in China. The Chinese forestry policy and the encouragement of private sector investments in forestry by the Chinese Central Government greatly improves UFC´s chances to participate in a developing market with a high growth potential. UFC as a Group has a clear focus on becoming one of the top 10 forestry companies in China. 03.09.2007 Financial News transmitted by DGAP ----------------------------------------------------------------------
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