The Board of Directors of Milkiland N.V. appointed Sergiy Andriychuk as a CFO of Milkiland N.V. and Milkiland Group at 13 May 2011.

Milkiland divested its non-core ice-cream business

Milkiland: Strong 2010 Performance for Future Growth

Milkiland N.V. has published its consolidated annual report for the year 2010. The Group had a strong 2010 in financial terms and advanced in implementing its strategy of becoming an internationally recognised dairy company with leading positions in the CIS.

UniCredit Equity Research initiated coverage of Milkiland N.V. with a Buy recommendation and a 12-month target price of PLN50 per share (21% potential upside).

The key 2010 event for Milkiland Group (“Milkiland”, the “Group”) was fulfilling of its strategic goal to become a public company.