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PRESS RELEASE

Trading update first nine months of 2009

Waarschoot, 6 November 2009

Evolution of activities and results

The group's turnover in the first nine months of 2009 is in line with the turnover in the same period of 2008. This is the net effect of an increase of the turnover in the processed meats division and a slight decrease of the turnover in the ready meals division in comparison to the first nine months of 2008.

The decrease of the turnover in the ready meals division in comparison to the first 9 months of 2008 is mainly due to the termination of non-profitable volume contracts in the French market in the first semester of 2008 (referred to in prior press releases) and to the continuing pressure on the sales prices, which continues to affect the third quarter turnover.

The increase of the turnover in the processed meats division in the third quarter remains the result of the growth of the service slicing activities in the Netherlands as well as of the growth of the traditional processed meats activities in our home markets. The increase of the turnover in comparison to 2008 is negatively impacted by the decrease of the prices of raw materials that, also in the third quarter, have been passed on in our sales prices and by the exchange rate of the British Pound that was on average lower in the third quarter of 2009 than in the same period of 2008.

The improvement of the operating results in the first semester of 2009 continued in the third quarter. This is mainly due to the continuous efforts on cost control and cost reduction in the whole supply chain throughout the entire group.

Investments

The group invested 12.5 million EUR in the first nine months of 2009. The investments were primarily aimed at increasing the slicing capacity of all the slicing-sites and the optimization of the supply chain. In this respect, the slicing activities of the sites in Hendrik-Ido-Ambacht and Ridderkerk have been successfully integrated on the Ridderkerk site in the beginning of July. The Hendrik-Ido-Ambacht site was abandoned and the lease agreement was terminated. The previously announced construction of a new state of the art logistics and slicing centre at Bijsterhuizen near Nijmegen fits within the same strategy.

These investments are part of the abovementioned efforts with regard to cost control and cost reduction to be able to cope with the continuing pressure on the margin.

Prospects for 2009

Ter Beke expects that the improvement on the operating result of the first nine months will continue throughout the remainder of the year.

For the full year 2008 the net recurring result amounted to 6,1 million EUR and the reported net result (including non-recurring profits) amounted to 7,6 million EUR.

Save for unexpected market circumstances, the group expects that the net result of the full year 2009 will at least equal the reported net result of 2008.

For more information, please contact:

Media Marc Hofman Managing Director Tel.: +32 (0)9 370 13 16 E-mail:m.hofman@terbeke.be

Investor Relations René Stevens CFO Tel.: +32 (0)9 370 13 45 E-mail: rene.stevens@terbeke.be

FINANCIAL CALENDAR

Contrary to what was previously announced, the 2010 periodical information will be spread before market opening on the following dates:

Annual Results 2009	26 February 2010 before market opening
Annual report 2009	At the latest 30 April 2010
Business update first quarter 2010	7 May 2010 before market opening
General Meeting 2010	27 May 2010 at 11.00 am
Half Year Results 2010	27 August 2010 before market opening
Business update third quarter 2010	5 November 2010 before market opening