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Press release

Thorsens Chipskartofler A/S presents generational change
After several years of planning a generational change in 2024, Thorsens Chipskartofler A/S has
employed a new CEO by Juli 1st 2024. The board has appointed Jacob Roland Pedersen. Jacob is 52
years old, lives in Vejle with his family, and has a background as director for chicken production in
Danpo A/S and CEO in Rokkedahl Foods ApS.

Jacob does not have any experience with production of chips potatoes, or the industry in general. This
is why, we before the accession, will make an introduction of the company, the value-chain and the
industry, where the entire organization participates in giving Jacob the best possible insight.

After Jacob takes up the position, Erik Thorsen will be employed in the company for another 12 months
as a supervisor.

Deep passion for chips potatoes. Jacob Roland Pedersen experiences, that there is a deep passion and
insight in the value-chain of chips potatoes among the employees, and that everybody is making a huge
effort to get me tuned in on this unique high-value-production. Thorsens Chipskartofler is an extremely
exciting company which is owned by a number of competent suppliers. In cooperation with our
customers, the company has built up a unique concept for high-value products. I am looking forward to
getting deeper into the company and will also meet the customers and shareholders in the near future.

Erik Bech Thorsen, is the founder of the company in 1986, looks back on a very exciting working life as
CEO of the company all these years. This is a life’s work that has been created and steadily has been
developed in faithful cooperation with employees, suppliers/shareholders and customers. Erik Thorsen
is grateful for all the support through-out the years, which has formed the company to what it is today.
After recent years of intense headwind, Erik Thorsen is looking at a brighter future for the company. We
have managed to turn the situation around and the forecast for the next seasons looks to improve. Erik
Thorsen hopes that the basic culture and concept will be maintained, and as has happened in the past,
will be developed further in the future.

The chairman of the board of Thorsens Chipskartofler A/S Kurt Friis Jørgensen is pleased by the
appointment of Jacob Roland Pedersen, and that it has been possible for Jacob to learn from the
competent employees of the company before the generational change. Our concept has developed into
a quiet unique setup, and despite the challenges during the latest years, I am comfortable for a positive
and bright future of the company.

Kind regards,
Thorsens Chipskartofler A/S
V. Sneptrupvej 3
7451 Sunds

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The Agro department was out last week putting our test varieties in the field, and the weather was with us.

Every year we have both mini- and large-scale trials to test new varieties, in order to constantly be at the forefront of developments
in the industry and thereby be able to optimize the finances of both suppliers and customers.

There are some exciting varieties this year and we are excited to follow their development.

The seed potato season is in full on and we are enjoying it.
 
Well over half of this year's seed potatoes have been sold and in a season like this, when there is a shortage, we use every single one.
We handle around 8,000 tonnes of seed potatoes annually, which takes place over a relatively short period of time.

Thorsens Chipskartofler A/S represents various varieties in Scandinavia, which you can read more about via the following link:
https://horsens.dk/laeggekartofler/
 
The seed potatoes will soon be in the ground and we are looking forward to following their development in the ground and seeing what they contribute to the coming season.

Last week the 18th we attended the Internationaler Berliner Kartoffelabend.

An evening where approximately 500 people from the industry are gathered.
So there is always ample opportunity to spar with both growers, dealers, customers and others in the industry.

In the days after, Fruit Logistica is held, where many potato companies are also to be found.

All in all a good few days in Berlin.

On Friday, we held a grower meeting for our conventional suppliers. There was a great turnout, including a few new faces.

Last season's challenges in the field were reviewed, as well as the statistics.

We had also invited a Global G.A.P. consultant in to inform our growers about the new version, which starts here in 2024.

After various professional presentations, a small part of the growers went through the warehouses.

We appreciate the suppliers' enthusiasm and our good cooperation.

Yesterday we held our annual Christmas party for the employees.
True to tradition with mulled wine and apple slices and wished all the colleagues a Merry Christmas.

We wish all customers and business partners a Merry Christmas and a Happy New Year.

We thank you for the good cooperation and look forward to next year.

Yesterday we held this year’s grower meeting for ecologists. Almost all of our faithful ecologists were represented.

The year’s progress in the field and final results were reviewed and at the same time we had invited a Global G.A.P. consultant to inform our suppliers about the new version, which will come in 2024. We appreciate a good turnout and the great commitment of the suppliers.

About 3 weeks ago, the last load was loaded into our warehouse in Sunds.

All warehouses are full and the corridors have also been put into use, but only with a small amount.

Our warehouses should preferably be kept completely closed until we reach the new year.

In the coming weeks, we will have used the last Lady Britta, which is in stock at our growers, and only then will we open our warehouses.

The quality of the potatoes in storage generally looks reasonable, despite a challenging season.

We look forward to following the potatoes until summer, when the last ones are usually send out.