PURE.L Regulatory News (PURE)

PURECIRCLE LIMITED

("PureCircle" or the "Company")

PureCircle (LSE: PURE), the world's largest producer and marketer of high purity stevia products, will announce its full year results for the year ended 30 June 2011 (FY2011) on Wednesday 21 September 2011. Prior to entering its close period, the Group plans to make an interim management statement in the week of 4 July 2011 to brief the market on its second half sales and cashflows, which are both currently in line with expectations.

After scaling its production in FY 2010 to demonstrate successfully that it can support large brand adoption of high purity stevia, the Group has temporarily reduced its production levels to run down its inventory to better match current demand and to improve operating cashflows. Inventory reductions are being achieved across the supply chain from leaf to finished goods.

 In addition, the Group is reconfiguring its production capacity to better suit its portfolio of products, now enlarged with the launch of the new PureCircle Flavors product line, including NSF-02.

In the FY 2011 results, the Group is expecting to book one-off costs relating to these changes of $10-15m, not all of which is cash. Group operating cashflows and net debt at 30 June 2011 are expected to be in line with expectations. The actions being taken are expected to improve operating cashflow by more than $20m in the period to 30 June 2012.

Commenting on the one-off charges, William Mitchell, the Group CFO said "The reduction in production levels is temporary as we align inventory to the current market and further improve operating cashflows. The reconfiguration of some production assets provides for flexibility to produce an enlarged product portfolio which is expected to improve future earnings".