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PRESS RELEASE

Trading update first trimester 2009

Waarschoot, 8 May 2009

The group's turnover in the first quarter of 2009 is in line with the turnover in the same period of 2008. The first quarter turnover increase in both the processed meats and ready meals divisions is compensated by the effect of terminated volume contracts in the first semester of 2008. This effect will decline in the course of 2009 which allows the group to put forward a slight turnover increase for the entire year. The increase in turnover for 2009 is primarily reduced by the consequences of the economic crisis on sales in the UK and Spain.

In 2009, the group will continue to work on improving the profitability of its activities, both in the processed meats division and in the ready meals division. Pressure on the margins and the cost increase pursuant to the Belgian salary agreements will be compensated through further improvements in the entire supply chain and through continued cost control and cost reduction efforts. In 2009, Ter Beke will continue to invest in its Come a casa® brand.

Save for unexpected market and/or exchange rate circumstances, Ter Beke expects the recurring result over the full year 2009 to at least equal that of 2008.

For questions about this press release or for further information, please contact:

  Marc Hofman
Managing Director
Telephone: +32 (0)9 370 13 16
E-mail:m.hofman@terbeke.be
René Stevens
CFO
Telephone: +32 (0)9 370 13 45
E-mail: rene.stevens@terbeke.be

Financial calendar

  General Meeting 2009 28 May 2009 at 11.00
  Payment of dividend 15 June 2009
  Half year results 2009 28 August 2009 after trading hours
  Trading update third quarter 2009 6 November 2009 after trading hours
  Annual results 2009 30 April 2010 at the latest

TER BEKE IN BRIEF

Ter Beke (Euronext Brussels: TERB) is an innovating Belgian fresh foods group selling its range of products in 10 European countries. The group has 2 core activities: processed meats and fresh ready meals; it has 9 industrial sites in Belgium, the Netherlands and France and employs approximately 1.800 people.
Ter Beke generated a turnover of EUR 393 million in 2008.


Processed Meats Division

Ready Meals Division