DUNKIRK: GRAIN GATEWAY OF NORTHERN FRANCE

After the historic records of the 2013-2014 grain campaign (2.4 Mt)
and the 2014 calendar year (2.3 Mt), the port of Dunkirk has seen the
advantages offered by its operator and infrastructures confirmed with
record traffic of 1.09 Mt in the first quarter of 2015, exceeding the last
export record back in 1991.

980,000 tonnes of wheat was shipped to the Middle East, North Africa and
Asia, and 110,000 tonnes of barley to Asia.

These excellent results reflect the drive of the operator Nord Cereales which
has improved its productivity through significant investments on its site,
allowing it to berth and load very large ships (14.20 m draught) with high
productivity rates (eight shiploads of 63,000 tonnes during this first quarter).

While the modal share of transport by waterway has reached 52%, rail is
again being used after a gap of more than ten years, further extending the
hinterland of Dunkerque-Port towards eastern France. New traffic volumes
have been carried by rail to the port of Dunkirk since the beginning of the
year: four rail operators are active on the market and run full trains. The
volume of grain carried by rail has now exceeded 76,000 tonnes.

Nord Cereales stands as the leading company of northern and eastern
France in the service of grain operators, with an exceptional site located
in the heart of the industrial area of Grand Port Maritime de Dunkerque to
serve the largest grain carriers in the world.

Joel Ratel, General Director of Nord Cereales, is delighted with these good
results: «Thanks to the professionalism of the transport operators and that
of Nord Cereales, the 2014-2015 campaign should be exceptional, and last
year’s record (to 30 June 2014) is likely to be beaten. The recent investments
have made Nord Cereales known and recognised, and the current investments
(dryer and cleaner) will reinforce the position of Nord Cereales for years to
come.»