Investor Presentaiton

Graph 37 AVERAGE PRICE OF UNPROCESSED MILK IN THE EUROPEAN UNION Milk Prices paid to the Producers EU* (weight. avg.) 42.3 42.0 35.0 34.9 Jan Feb 2019 2020 2021 2022 37.3 36.4 35.2 36.0 35.7 35.8 35.5 Mar Apr May without UK Jun 38.7 40.0 44 42 41.3 40 38 36 34 32 32 February 2022: estimated price 30 Jul Aug Sep Oct Nov Dec Source: Member States Reg. (EU) No 2017/1185 Article 12(a) - Annex II.4(a)) 7) Graph as published by CLAL.it. EUR/100 kg 11

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