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Brazil: LAEP Signs an Agreement with Montelac Alimentos S/A

Source: LAEP Investments Ltd.
04/07/2008

São Paulo, July 3, 2008 - LAEP Investments Ltd., which produces, processes, sells and distributes milk and dairy products, through its subsidiary, Lácteos do Brasil S/A, pursuant to CVM Instruction 358, of January 3, 2002, hereby informs its investors and the market that on July 3, 2008, Laep signed an agreement with Montelac Alimentos S/A and its former shareholders, which was the subject of the Material Fact notice published on April 22, 2008.

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To settle the dispute an agreement was made in which Lácteos received the payment of a fine in the amount of R$ 12,500,000.00.



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