In 2009, Skretting Norway (part of segment Fish Feed) has secured its outbound logistics by extending its current contract with a strategic fish feed transporter until December 2013, with a mutual option for the parties to extend by three years. This contract comprises an outbound freight commitment and is qualified as an operating lease contract. The commitment of this contract depends on both volumes and cost developments going forward. The commitment is estimated for an amount of EUR 61.0 million at the end of 2009 (2008: EUR 28.0 million), excluding the extension option. Including the option, the commitment is estimated at EUR 102.0 million.

In 2007, Skretting Chile (part of segment Fish Feed) secured their outbound logistics by entering into a five-year contract, with an option to extend by three years, with a strategic fish feed transporter. This contract comprises an outbound freight commitment and is qualified as an operating lease contract. The commitment related to this contract depends on both volumes and cost developments going forward. The commitment is estimated for an amount of EUR 1.8 million at the end of 2009 (excluding the option to extend for three years).

In the normal course of business, certain group companies issued guarantees totalling EUR 13.8 million (2008: EUR 9.7 million). Included are guarantees of EUR 6.9 million (2008: EUR 2.6 million) that are issued on behalf of Nutreco Insurance N.V. and Nutreco Assurantie N.V., both 100% owned captive reinsurance companies, in favour of their general and products liability insurer in relation to potentially occurred but not reported nor provided liability claims in the years 2008 and 2009.

At year-end Nutreco had no significant contingent assets.

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