Mriya II

completed

Mriya Agro Holding, an existing IFC client, is one of the largest Ukrainian primary agricultural producers with a proven track record of growing wheat, sugar beet, rape seed, corn, barley and potatoes. Its operations are concentrated in Western Ukraine in the Ternopil, Khmelnytskiy, Chernivtsi and Ivano-Frankivsk regions. Mriya operates grain storage silos, a seed plant (first stage development) and controls the operation of six sugar plants. The sugar plants are associated facilities to the Company’s agricultural operations and are controlled in order to support cultivation of sugar beet, which improves crop rotation and is a source of additional value.This would be IFC’s second investment in Mriya to support the expansion of its agricultural operations from 220,000ha land area under cultivation to 480,000 ha by 2014 and the construction of new silos. In 2011, the Company plans to add 80,000 ha to its cultivated land.