Avangard

Avangard is one of the leading agro-industrial companies in Ukraine and the country’s number one producer of shell eggs and dry egg products with market shares in 2009 of around 23% (including 39% of industrially produced shell eggs) and 52%, respectively. As of June 30, 2010, the company’s flock consisted of approximately 18.6 mln birds housed at production facilities throughout 14 regions nationwide. In 2009, Avangard exported its shell eggs and egg products to 16 countries, mainly in the Middle East and Asia. The company’s shares were listed on the LSE in May 2010, and in October 2010, the company completed the issue of $200 mln in 10% Notes due in October 2015.