Ma Anshan Modern Farming Receives Investment From KKR

Leading Dairy Farming Company Poised for Further Growth

Advanced Dairy Farm Practices Take off in China

HONG KONG, June 15 /PRNewswire/ -- Kohlberg Kravis Roberts & Co., L.P. today
announced the final completion of a series of investments in Ma Anshan Modern
Farming Co. Ltd. ("Modern Dairy"), a leading dairy farming company
headquartered in China's central province of Anhui. Modern Dairy is one of the
largest operators of centralized large scale dairy farms in China. With KKR's
investment, Modern Dairy is targeting to construct another 20 to 30 large
scale farms in China as well as to pursue acquisitions over the next few
years, in order to capitalize on the industry's growth.

"Modern Dairy's senior management has a well-established track record in
China's dairy industry," David Liu, Member of KKR and Head of KKR Greater
China, said. "Through our investment, we have brought in not only capital, but
more importantly, international best practices and expertise in the dairy
farming industry that will help Modern Dairy develop world-class facilities,
and provide best-in-class, high quality milk production that will benefit
China's consumers," Liu said.

The dairy farming industry in China today is fragmented in that, large scale
farms are not as common as they are in other countries. Large scale farms like
Modern Dairy tend to have significantly higher operating efficiency and more
stable, high quality milk supply due to their ability to have advanced
management programs. These types of farms allow for a much more cost effective
collection of raw milk, lowering costs to the downstream dairy processors.

The development of large farms like Modern Dairy coincides with the Chinese
government's goal of promoting standardization and modernization of China's
dairy industry. Modern Dairy follows international best practices with
extremely strict controls through the entire manufacturing process, which
helps enhance product safety of dairy products for consumers in China.

"We have known KKR China team members for close to ten years. We have worked
very well with them in the past and this is the second time we are working
together. They are great partners with a deep understanding of the
opportunities and challenges of our industry. They are committed to our
strategy of growth and our dedication to safety and quality. KKR is a leading
global investment firm and a true value-added partner who will work with us to
grow our business into a world-class dairy farming company," Deng Jiuqiang,
Chairman of Modern Dairy, said.

Capital investments in large scale farms like Modern Dairy are expected to
help the overall dairy industry in China address many of the challenges it
faces, including product safety, milk quality, operational efficiency, disease
control and environmental protection. Modern Dairy has already demonstrated
leadership in these areas and has set a good example for its peers.

About KKR
Established in 1976, KKR is a leading global alternative asset manager. KKR's
franchise is sponsoring and managing funds that make investments in private
equity, fixed income and other assets in North America, Europe, Asia and the
Middle East. Throughout its history, KKR has brought a long-term investment
approach, focusing on working in partnership with management teams of its
portfolio companies and investing for future competitiveness and growth. KKR
has more than $35 billion in private equity assets under management and more
than $12 billion in credit assets under management as of March 31, 2009
through various private and publicly traded funds and separately managed
accounts. KKR also carries out capital markets activities through its broker
dealer subsidiaries. The Firm has offices in New York, Menlo Park, London, San
Francisco, Hong Kong, Tokyo, Beijing, Houston, Washington, D.C., Sydney,
Paris, Mumbai and Dubai. More information about KKR is available at:
www.kkr.com.

About Ma Anshan Modern Farming Co. Ltd.
Headquartered in China's central province of Anhui, Modern Dairy's primary
business is raising dairy cows and selling raw milk to branded dairy companies
for processing into consumer dairy products. Modern Dairy, founded in 2005 by
former senior management of Mengniu Dairy, built its first farm in 2006 and
started full operations in 2007. Today, the company is one of the largest
dairy farming companies in China, with total production capacity of over
150,000 tons of raw milk per year.

SOURCE Kohlberg Kravis Roberts & Co., L.P.

U.S., Peter McKillop, +1-212-230-9475, peter.mcKillop@kkr.com, or Kristi
Huller, +1-212-230-9722, kristi.huller@kkr.com, both of KKR; or Hong Kong,
Richard Barton of Kreab Gavin Anderson, +852 9308 1056,
rbarton@kreabgavinanderson.com, for KKR