Südzucker AG Mannheim/Ochsenfurt: Adaptation of conversion ratio and conversion price for dividend payment 2010/2011

Südzucker AG Mannheim/Ochsenfurt on behalf of

Südzucker International Finance B V, Oud-Beijerland:

Adaptation of conversion ratio and conversion price for dividend payment 2010/2011

EUR 283,450,00 2.50% Convertible bond due 2016 with conversion right into ordinary bearer shares (non-par value shares) of Südzucker AG

- WKN A1AJLE - ISIN DE000A1AJLE6 -

Notice according to Article 10 (13) and Article 18 of terms and conditions related to Article 10 (4) B of terms and conditions

The Annual General Meeting of Südzucker AG on 21 July 2011 has resolved a cash dividend of EUR 0.55 per share of Südzucker AG for financial year 2010/2011.

Hereby Südzucker AG Mannheim/Ochsenfurt announces on behalf of Südzucker International Finance B V, Oud-Beijerland, that conversion price of the convertible bond is being adjusted due to a cash dividend according to Article 10 (4) B and Article 10 (11) of the terms and conditions. According to Article 10 (12) of terms and conditions there is a cash dividend of EUR 0.55 per Südzucker AG ordinary share for financial year 2010/2011. This results in an adjustment of conversion price of so far EUR 17.8454 (prior conversion price) to now EUR 17.4627 (adjusted conversion price). Accordingly conversion ratio is being adjusted from 2,801.8394 shares per bond (prior conversion ratio) to now 2,863.2480 shares per bond (adjusted conversion ratio).

Mannheim, July 2011

Südzucker Aktiengesellschaft, Mannheim/Ochsenfurt