PURE.L Regulatory News (PURE)

PURECIRCLE LIMITED

("PureCircle" or the "Company")

PRE CLOSE PERIOD UPDATE 2H FY 2013

PureCircle (LSE: PURE) the world's largest producer and marketer of high purity stevia today provides a pre close period update in respect of its second half to 30 June 2013 (2H FY 2013). The Company's results statement for the full year FY 2013 will be announced on Monday 16 September 2013.

Sales

In 2H FY2013 sales are expected to be $44m giving not less than $71m for the full year FY 2013.

Sales growth has come from increased volumes of PureCircle's proprietary natural sweetener and flavor ingredients, which were more than 100% higher in FY2013 than in FY2012. Volumes of lower value co-products reduced in line with our strategy to focus on high purity stevia.

During FY2013 there has been a series of important launches including Carbonated Soft Drinks using proprietary ingredients developed by PureCircle which further accelerated market adoption. As expected, PureCircle's FY2013 sales do not yet fully reflect growth in market usage due to the continued unwinding of Beverage Global Key Accounts inventories.

Margins

Sales growth, increased volumes and mix of proprietary ingredients means that FY2013 variable margins, gross profit and net result will be higher than in FY2012 and in line with the Group's long term business model. Directionally the Group's FY2013 net result is expected to be at least a $13m improvement on FY2012 ($23m loss) and the Group is expected to be EBITDA positive (FY2012: $15m loss).

Cashflow and net debt

The Group expects to end FY2013 with net debt of US$77m (FY2012 US$78m) and cash and funding headroom of US$55m (FY2012 US$44m).

During 2H FY2013 the Group increased production in anticipation of FY2014 and FY2015 sales growth in line with the accelerating market usage.

Commenting on the 2H FY 2013 trading update, PureCircle CEO Magomet Malsagov said; "FY2013 has seen important progress in PureCircle's proprietary natural sweetener and flavor ingredients with mainstream Food and Beverage adoption accelerating in all regions. In particular launches in the large Carbonated Soft Drink category are boosting usage.

For PureCircle, FY2013 has perhaps shown the first indications of sustainable sizeable growth, led by sales of higher proprietary ingredient volumes, particularly new innovations introduced by the company recently. Progress in FY2013 supports our strategy of designing products tailored to the market needs. We have a strong pipeline of innovation to underpin further growth.

Our production capacity and customer service infrastructure are designed to deliver even greater volumes and revenues. As we continue to build on recent momentum, our guidance for sustained higher levels of market demand remains mid to long-term based."