World Leading Swine Genetics & Solution Provider

1. World Leading Swine Genetics & Solution Provider www.hypor.com

2. About Hypor • Head Office – Saskatchewan, Canada • 250+ employees worldwide • Operating Companies – Spain, Canada, Benelux, Italy • Dealers in Japan, The Philippines, Germany, Poland, Mexico, Thailand • Market leaders in Canada, Spain • High health nucleus herds in Canada and Spain

3. Bon Accord Genetic Nucleus Green Hill GTC Tullymet Genetic Nucleus Truck Depot & Wash Kenlis Genetic Nucleus Head Office Hypor Canadian Operations

4. Hypor Units Tullymet Genetic Nucleus Green Hill AI Stud Bon Accord Genetic Nucleus Kenlis Genetic Nucleus

5. Mission Hypor will add value to the global pork industry with customized genetic solutions supporting profitable pork production. Vision By 2010, Hypor will be a top 3 genetic solution provider in our selected markets creating value for all of our stakeholders. Values Hypor will succeed based on these core values: Reliability Customer focus High standards of performance Ethical, responsible behaviour Market Orientation Hypor will focus on profitable growth achieved through differentiation (unique genetic solutions) and focus (choose profitable markets only) Setting Direction

6. Hypor Fundamentals • Regional organization • Eastern/Western Europe, America’s, Asia • Focus on specific markets • Own all Nucleus breeding sites • Full control and maximize genetic progress • proactive breeding solutions • Widely disbursed yet interconnected gene pool • High health • Focus on quantitative breeding techniques & gene transfer technology. • Monitor biotechnology developments • Meet shareholders’ financial and operational expectations • Active and contributing member of the Nutreco group • Participate in the expected consolidation process of pig breeding companies.

7. History of Hypor • 1965 Hypor formed by Hendrix • 1973 Formation of Hypor Spain Formation of Hypor International Formation of Hypor KI artificial insemination business unit • 1979 First nucleus farms in Spain • 1980 NPD Canada incorporated in Saskatchewan as first international franchise • 1992 Acquisition of Gottem nucleus farm to Hendrix feed & AI unit by Hypor Belgium • 1995 Hypor Spain takes over HINA, the Nanta pig breeding company • 1997 NPD Canada negotiates cancellation of franchise with PIC/NPD England • 1998 Genex Swine Group formed • 1999 Merger of Bovar/Parvak, The Netherlands Canadian Nucleus sow herd doubled • 2003 Genex merges with Hypor to form Hypor Hypor Spain acquires Gratal, high health nucleus

8. Italy Hypor’s International Presence Germany Netherlands Belgium Russia Canada Central & Eastern Europe USA Poland Portugal China Japan Mexico Spain Thailand Philippines Nigeria Brazil

9. Our Breeds A supplier of high quality swine genetics with a reputation for innovation and leadership, Hypor offers producers a robust product line.

10. Hypor’s Global Sow Portfolio The Tailor-Made Approach

11. Fertility BLUP: Total born piglets Piglets born alive Piglet birth weight Piglets weaned Survival/mortality Age at first mating Interval weaning mating Daily Gain Meat percentage Feed conversion Carcass grading Meat quality Other traits: Exterior (legs, conformation, etc.) Congenital defects (Maternal) Behavior Udder & teats Milk production Selection Traits Sow Lines

12. Hypor Breeding Program • Distribution selection pressure – Sow line

13. EBV trends

14. Landrace Performance

15. Large White Performance

16. Genex Hybrid Performance 2004

17. Genex Hybrid Performance 1999-2004

18. Genex Hybrid Performance 1999-2004

19. Genex Hybrid Performance 1999-2004

20. Genex Hybrid Performance 1999-2004

21. GenexHybrid Performance 1999-2004

22. Genex Hybrid Performance 1999-2004

23. Genex Hybrid Performance 1999-2004

24. Genex Hybrid Performance 1999-2004

25. Genex Hybrid Performance 1999-2004

26. Daily Gain / Meat Quality % Lean / Conformation Hypor’s Global Boar Portfolio • The Tailor-Made Approach The arrows show the direction that genetics is targeting for the future of each breed Japan AB-Boar Available in Japan Only Duroc Available in North America Rock-Y Available in North America Bod-Y Available in North America Beau-Pi Available in Europe

27. Carcass BLUP: Daily Gain Meat percentage Feed conversion Loin depth Loin Muscle Area Meat quality (PSE) Carcass grading Piglet vitality Other Traits: Exterior (legs, conformation, etc.) Congenital defects Libido Biotechnology parameters: Free of Halothane (except BeauPi) Free of RN-gene tests for a large scope of IMF, marbling related marker genes like HFABP, etc Selection Traits - Boar Lines

28. Hypor Breeding Program • Distribution selection pressure Sire Line (excl. exterior traits)

29. Genex Duroc test Quebec

30. Genex Duroc test Alberta

31. Hypor Customer Leader in Alberta Industry • The third annual Olymelperformance awards. • Five different categories; in each category we had a Hyporcustomer either as a winner oras runner up. • The Baas family accepted the Highest Index Award and theprestigious Grand ChampionAward for top overallperformance. The data was on some 5,400 hogs. They were using the Genex Duroc as a terminal boar.

32. Synergy trial : Grow-Finish Results

33. Synergy trial– Cutout Pigs (U.o.G.)

34. Synergy trial– Cutout Pigs (U.o.G.)

35. Synergy trial– Cutout Pigs (U.o.G.)

36. Field trial Quebec Duroc and Rocky – nursery data

37. Field trial Quebec Duroc and Rocky – Finishing data

38. Rock-YSlaughter results - Ontario

39. Bio-Hypor® BioHypor drives superior genetic progress and maintains and improves the health status of your herd.

40. No Entry of Animals Constant Genetic Improvement Tailor-Made Supervision Bio-Hypor® • Bio-Hypor is a genetic selection tool that puts the power of a genetics company into the customers’ hands. Customers are able to plan their own breeding programs. • Data exchange • Identification of individual • Estimation of breeding values with EuriBLUP • GGP semen exchange with Hypor Nucleus • Selection best pure lines to be GGP or GP • Transmission of superior genes direct to PS level

41. Information Flow Gene Flow (semen) Exchange Genes and Data

42. Farm A.I. 8 GGP GGP Boar 72 GP GP Boar 920 PS PS Boar Tailor-Made Breeding System

43. BioHypor® Benefits

44. Our Breeding Program Hypor breeding is a part of the Euribrid family of breeding companies dedicated exclusively to breeding & development of new genetic solutions for the worldwide market.

45. Breeding and R&D • Quantitative Genetics & Data processsing (IT) • Improved analysis techniques • Additional measurements • Intensified data collection / processing • Biotechnology (DNA) • Gene markers/QTL • Functional genes • Micro Array gene expression • Geneflow technology • Embryo transfer • Frozen semen

46. Gilt Pool Management for Improved Production reduce animal replacement rates to <45%, improving sow 'fitness', decreasing sow death losses, increasing labor efficiency & space utilization Embryo Transfer new non-surgical procedures for transfer of embryos developed and have proven to be successful Some Research & Development Alliances

47. Breeding Product Development Market Support Product Support Technical Service Sales Customer Manpower / Advice Logistics Operations Customer Service Model • Tools that add value.