David Nuutinen steps down as CEO – search for new CEO initiated

David Nuutinen, President and CEO of Cloetta, has due to private reasons decided
to leave Cloetta as of 1 September. Danko Maras, CFO, will assume the position
as interim President and CEO. The Board of Directors will immediately initiate a
process to find a permanent CEO.
“David Nuutinen has been a successful and appreciated leader in Cloetta during
his thirteen years with the company, including the last year as CEO. Therefore,
I very much regret that he has decided to leave Cloetta and on behalf of the
Board I would like to express our sincere thanks and appreciation to David for
his dedication and excellent work for the company”, says Lilian Fossum Biner,
Chairman of the Board of Directors.

“I am very pleased with Danko Maras taking the role as interim CEO. He is very
experienced and has been with the company for many years and will together with
the Group Management Team make sure that we continue to drive profitable growth.
Strategy and financial targets therefore remain intact”, says Lilian Fossum
Biner.

David Nuutinen will be available to support the Board and the management team
during his term of notice of six months.

Conference call
A conference call with Lilian Fossum Biner, Chairman of the Board of Directors,
David Nuutinen, outgoing President and CEO, and Danko Maras, incoming interim
President and CEO will be held today at 10.00 a.m. Those who wish to participate
are invited to dial in on telephone number +46 8 566 426 95. The presentation
will be in English. Make sure that you are connected to the conference by
dialing in and register a few minutes before the conference begins. An audio
recording of the conference call will be published on www.cloetta.com.

This information is information that Cloetta AB is obliged to make public
pursuant to the EU Market Abuse Regulation. The information was submitted for
publication, through the agency of the contact person set out below, on 24
August 2016 at 08.00 a.m. CET.
Media contact
Jacob Broberg, SVP Corporate Communications & Investor Relations, 46 70 190 00
33.

Lilian Fossum Biner, Chairman of the Board of Directors, can be reached via
Jacob Broberg.
About Cloetta
Cloetta, founded in 1862, is a leading confectionary company in the Nordic
region, the Netherlands, and Italy. In total, Cloetta products are sold in more
than 50 countries worldwide. Cloetta owns some of the strongest brands on the
market, such as Läkerol, Cloetta, Jenkki, Kexchoklad, Malaco, Sportlife, Saila,
Red Band and Sperlari. Cloetta has 13 production units in six countries.
Cloetta’s class B-shares are traded on Nasdaq Stockholm. More information about
Cloetta is available on www.cloetta.com