"Reaction to Broadcast by Zembla: Statement on Behalf of the Employees and Management of Sher Ethiopia"

In reaction to the broadcast by ZEMBLA in the series “Hollandse Handel” (Dutch Trade) on May 18th last, we wish to distance ourselves in strong terms from the gross inaccuracies and inadequacies which have been outlined by ZEMBLA concerning the alleged abuses in the management of our production companies in Ethiopia. We deeply regret that our outstanding reputation in the field of sustainability and corporate social responsibility has been depicted in a completely incorrect and unacceptable way in Dutch media, and that, as a result thereof, we have been put in a position of having to defend ourselves for our current policy.