Directors Report :    English / Arabic Unaudited Consolidated Balance Sheet: English / Arabic Unaudited Profit and Loss Account :  English / Arabic Unaudited Consolidated Cash Flow Statement:  English / Arabic Statement of change in Equity: English / Arabic Notes  : English / Arabic Published Accounts: English / Arabic

Directors Report On the Six months results (unaudited) for the Period May 2008 to October 2008. Dear Shareholders, On behalf of the Board, I have pleasure to submit the half yearly unaudited results for the period May 2008 to October 2008. Sales for the half yearly period May 2008 to October 2008 were Rials 3,235,000 compared to Rials 2,718,000 for the same period last year. Gross profit for the period was Rials 847,000 compared to Rials 736,000 for the same period last year. Higher international oil prices increased the prices of raw material used for packing products by 39%. Cattle feed prices increased by 62%, and Fodder prices increased by 30%. Sales distribution expenses also increased on account of higher discount provided to super markets for increased shelf space. Hence the net profit for the half yearly period May 2008 to October 2008 before taxation after depreciation was Rials 42,000 compared to Rials 82,000 for the same period last year. I have the greatest honour in extending my gratitude and respect to His Majesty Sultan Qaboos Bin Said, and his benevolent Government with prayers to God, the Almighty for blessing Oman and its citizens with all peace and progress under the great patronage of His Majesty Sultan Qaboos Bin Said. Yours faithfully, For Oman Agriculture Developement Company (SAOG) Mohd Suleiman Al Ismaily Chairman