PRESS RELEASE

April 23, 2008

Anhydro 2007 accounts show continuing strong growth

Anhydro Holding turnover in 2007 amounted to DKK 1.5 billion, an increase of 16% over 2006. This marked increase continues the trend set in 2006 with a DKK 400 million increase over 2005 turnover. Turnover in 2007 represents an increase of almost DKK 1 billion compared with 2004, when Anhydro Holding was founded on the basis of acquisitions of 6 companies in Denmark, England, Germany, the Netherlands, and the USA.

Earnings before interest, tax, depreciation and amortisation also demonstrate extremely positive growth. The DKK 7 million loss in 2005 was transformed into a positive EBITDA of DKK 79 million in 2006, followed by a further improvement to DKK 107 million in 2007.

Powerful global position

The year's result is particularly due to the strong position of Anhydro in evaporation and drying of waste products derived from bio-ethanol production and used as animal feed. The considerable strength of the company's position in the dairy and food manufacturing industries has been further reinforced by a highly satisfactory start of newly established companies in Brazil and China.

In 2007, Anhydro has also sharpened its focus on Eastern Europe with a new presence in Poland and Russia, placing it among the global leaders. This new global presence has also contributed to a general increase in sales of industrial solutions.

Less vulnerable to the international economic situation

In the course of the year, customers - and in particular new ones - have taken advantage of the state-of-the-art Test Centre in Søborg, Denmark. Here customers can pilot new business opportunities in the field of evaporation and drying. This has resulted in a number of new fields of application as well as major advances in the field of pharmaceuticals, which Anhydro began to address last year.

Anhydro currently employs some 500 people worldwide. The company expects to be impacted by the international economic situation, although to a lesser extent due to new product development and new initiatives in new markets that will compensate for any downturn in traditional markets. Customers are also constantly finding new applications for their evaporated and dried products, a factor that will reinforce this trend. Thus Anhydro expects a continuation of the growth of recent years in 2008.

For more information, please contact:

Allan Jørgensen

CEO & President

Anhydro Group

a.joergensen@anhydro.com

Phone: +45 4015 1144

Key figures Anhydro Holding A/S

Consolidated (DKK million)	2007	2006
Net turnover	1529	1318
Operations - EBITDA	107	79
Depreciations, write-offs and other costs	37	26
Primary operations - EBIT	70	53
Net financial costs	(8)	(14)
Result before tax	62	39

Equity	189	193
Balance	858	846
Number of employees (average)	485	406