Amira Nature Foods Ltd Announces Strategic Acquisition in Germany

  Amira Nature Foods Ltd Announces Strategic Acquisition in Germany

                      Company Acquires Basmati Rice GmbH

Business Wire

DUBAI, United Arab Emirates -- December 23, 2013

Amira Nature Foods Ltd(the "Company;" NYSE: ANFI), a leading global provider
of packaged Indian specialty rice, today announced a definitive agreement to
acquire Basmati Rice GmbH, a specialty distributer of premium branded rice,
particularly Basmati rice in Germany.

Basmati Rice GmbH generated approximately $8.0 million in sales in calendar
year 2012 and $6.5 million in sales for the nine months ended September 30,
2013. The transaction is expected to be accretive to Amira’s current fiscal
year 2014 earnings. Details of the transaction were not disclosed.

“We are excited about this highly accretive acquisition of Basmati Rice GmbH
which has a rich 25 year history of serving some of the largest supermarkets
in Germany and more recently in neighboring countries across Europe,”
commented Karan A. Chanana, Amira’s Chairman and Chief Executive Officer. “We
believe our team can quickly expand their sales and further enhance their high
margin branded product offering as we leverage our existing vertically
integrated infrastructure and distribution in Europe to provide consumers a
vast array of branded Basmati rice from our natural and organic offerings to
new, unique items like smoked Basmati rice.”

Basmati Rice GmbH offers ten different varieties of rice to consumers under
the ATRY, Scheherazade, Sultan, Sativa and Sadry brands. These brands can be
found in over 4,000 stores across Germany and Europe including but not limited
to Edeka, Markant, Metro, Mpreis, REWE, Frischeparadies as well as in certain
food service distributors.

About Amira Nature Foods

Founded in 1915, Amira has evolved into a leading global provider of packaged
Indian specialty rice, with sales in over 40 countries today. Amira sells
Basmati rice, premium long-grain rice grown only in certain regions of the
Indian sub-continent, under their flagship Amira brand as well as under other
third party brands. Amira sells its products primarily in emerging markets
through a broad distribution network. Amira’s headquarters are in Dubai,
United Arab Emirates, and it also has offices in India, Malaysia, Singapore,
the United Kingdom, and the United States.

Cautionary Note on Forward-Looking Statements

This release may contain forward-looking statements within the meaning of the
U.S. federal securities laws. These forward-looking statements generally can
be identified by phrases such as that we or our members of management
“believe,” “expect,” “anticipate,” “foresee,” “forecast,” “estimate” or other
words or phrases of similar import. Specifically, these statements include,
among other things, statements that describe our expectations for the global
rice market, the financial impact of new sales contracts on our revenue, our
expectations regarding the successful efforts of our distribution partners,
and other statements of management’s beliefs, intentions or goals. It is
uncertain whether any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do, what impact they
will have on our results of operations, financial condition, or the price of
our ordinary shares. These forward-looking statements involve certain risks
and uncertainties that could cause actual results to differ materially from
those indicated in such forward-looking statements, including but not limited
to our ability to perform our agreements with customers; our ability to
recognize revenue from our contracts; continued competitive pressures in the
marketplace; our reliance on a few customers and distribution partners for a
substantial part of our revenue; our ability to implement our plans, forecasts
and other expectations with respect to our business and realize additional
opportunities for growth; and the other risks and important factors contained
and identified in our filings with the Securities and Exchange Commission. All
forward-looking statements attributable to us or to persons acting on our
behalf are expressly qualified in their entirety by these risk factors. Other
than as required under the securities laws, we undertake no obligation to
update any forward-looking or other statements herein, whether as a result of
new information, future events or otherwise.

Contact:

ICR
Katie Turner, 646-277-1200
 
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