Acquisition of Floritec Holding by Inochio Holdings

Transaction
Inochio Holdings has acquired 100% of the shares in Floritec Holding. Rembrandt Mergers & Acquisitions acted as exclusive financial advisor to the buyer.

Floritec
Floritec, located in the Netherlands, primarily breeds and grows Chrysanthemums and Celosias for the Dutch and international market. Well-known Chrysanthemum varieties include the Rossi, Calimero and Da Vinci.

More information is available at: www.floritec.eu.

Inochio Group
Inochio Seikoen, part of Inochio Group (Japan), is one of the oldest and most prominent Chrysanthemum breeders and producers of basic material for Chrysanthemum growers.

Inochio Seikoen will be able to accelerate its worldwide commercial ambitions through Floritec's international distribution network. For Floritec this transaction provides access to the Japanese market and allows Floritec to use the modern R&D facilities of Inochio Seikoen in Japan.

More information is available at: www.inochio.co.jp.