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Amira Nature Foods Ltd Announces $58.6 Million Contract with Repeat Customer

  Amira Nature Foods Ltd Announces $58.6 Million Contract with Repeat Customer

Business Wire

DUBAI, United Arab Emirates -- February 6, 2014

Amira Nature Foods Ltd (the "Company")(NYSE: ANFI), a leading global provider
of packaged Indian specialty rice, today announced that it entered into a
$58.6 million contract to supply third party branded basmati rice to a key
repeat customer in the Europe, Middle East, and Africa (“EMEA”) region. The
Company expects to recognize the benefit of this contract in the fiscal 2015
ending March 31, 2015.

“We are extremely pleased to expand our relationship with this customer in the
EMEA region as we believe this illustrates Amira’s leading position in the
industry,” stated Karan A. Chanana, Amira’s Chairman and Chief Executive
Officer. “The EMEA region continues to be a tremendous growth market for
Amira’s basmati rice with strong consumption and demand in the market. We look
forward to executing on our additional opportunities for growth with both our
third party branded and our Amira branded products.”

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 contains forward-looking statements within the meaning of the
U.S. federal securities laws. These forward-looking statements generally can
be identified by phrases that we or our members of management use such as
“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 as planned; 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
considerations 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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