re: Speculation

22 February, 2011

AVANGARDCO INVESTMENTS PUBLIC LIMITED

KYIV, UKRAINE - AVANGARDCO INVESTMENTS PUBLIC LIMITED (LSE: AVGR) ( "Avangard"), the leading producer of shell eggs and egg products in Ukraine, wishes to note that it is not acquiring assets of U.S. poultry processing company Townsends Inc, following speculation that this may be the case. The Company continues to focus on production of egg and egg products in Ukraine with distribution in both Ukrainian and International markets.

For investor relations enquiries:

Victoria Korolchuk

Avangard

Head of Investor Relations

phone.: +38 044 593 28 60

mob.: +38 067 214 84 23

e-mail: v.korolchuk@avangard.co.ua