Randers, 30 March 2016

The Board of Danish Crown has entered into an agreement with Group Executive Vice President Flemming N. Enevoldsen to resign today by mutual consent.

The reason for the resignation is disagreement on the future strategy regarding Tulip UK, where Danish Crown holds the Group a strategically important position with significant sales to a number of leading UK retail chains.

- We have over a period witnessed that we are losing competitiveness in this important market, where we are involved in both slaughtering, sales of fresh meat and processed products. As a Group we can not accept this development to continue. The UK market has since 2012 been the business responsibility of Flemming N. Enevoldsen,  but but we have realized that tthere is a strategic disagreement between the Board and the Group Executive VP on how these challenges should be addressed. Thus we have reached this agreement, says chairman Erik Bredholt.

Danish Crown's Board emphasizes that the Group still has great confidence and feels deeply committed towards the UK market and the total of 5900 jobs at 15 production facilities in the UK. The turnover of Tulip Ltd. UK for latest full financial year was DKK 11,7b. Substantial positive earnings are still expected for Tulip Ltd. UK in the current financial year.

Danish Crown's Chairman Erik Bredholt emphasizes that the group according to common practice does not wish to supply additional comments on a personnel matter.