Mr. Ravi Sood reports

FERONIA INC. APPOINTS FRANK BRAEKEN AS NEW INDEPENDENT DIRECTOR

Feronia Inc. has appointed Frank Braeken as an independent director of the company.

Mr. Braeken has extensive experience in the fast-moving-consumer-goods sector, including 26 years with Unilever, where he lived and worked in nine countries on four continents. In 2009, Mr. Braeken became head of Unilever's Namca region, with responsibility for markets across North Africa, the Middle East and Central Africa. In 2011, Mr. Braeken became head of Unilever Africa, where he had overall responsibility for the $3-billion operation.

After leaving Unilever in 2013, Mr. Braeken became chief investment officer of Amatheon Agri Holding, a company established to invest in African agriculture and food-related businesses. He also holds a number of other non-executive directorships.

Commenting on the appointment, Ravi Sood, chairman of Feronia, said: "On behalf of the company it is my pleasure to welcome Frank Braeken to our board of directors. Frank brings to the company extensive experience operating in the FMCG sector in Africa and specifically in the DRC. He will be a valuable contributor to the company's evolution in the years to come."

Mr. Braeken added: "Having been born in the DRC and spent much of my career at Unilever, I am familiar with the history and significance of Feronia's palm oil business and the important role the company has in supporting the growth of the DRC. I look forward to playing an active role in helping management restore this 103-year-old business to its status as a global leader."

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