Cloetta completes the merger with LEAF and announces changes to the Board of Directors

Cloetta completes the merger with LEAF and announces changes to the Board of
Directors

 

Completion of the merger with LEAF
As previously announced Cloetta AB (publ) ("Cloetta") has on 15 December 2011
entered into an agreement with Leaf Holding S.A. (Not 1) to acquire all shares
in Leaf Holland B.V. ("LEAF"). All conditions for the merger have, as previously
announced, been fulfilled.

The transaction has today been completed, as Cloetta has acquired and become
owner to all shares in LEAF. Payment for the acquired business has been made
partly by way of Cloetta issuing a vendor loan note to Leaf Holding in the
amount of SEK 1,400 million and paying SEK 100 million in cash, and partly by an
issue of 165 186 924 C-shares to Nordic Capital and CVC, through Leaf Holding
S.A., in accordance with the resolution by the Extraordinary General Meeting of
Cloetta on 15 February 2012.

New Board of Directors takes office
As a result of the announcement that Cloetta has closed the acquisition of the
shares in LEAF, the changes to the Board of Directors of Cloetta, resolved by
the Extraordinary General Meeting on 15 February 2012, become effective. The
Board of Directors of Cloetta thus consists of Lennart Bylock (Chairman), Hans
Eckerström, Håkan Kirstein, Adriaan Nühn, Robert-Jan van Ogtrop, Mikael
Svenfelt, Olof Svenfelt, Meg Tivéus and Peter Törnquist, as well as the employee
representatives Birgitta Junland and Lena Grönedal.

Media inquiries, please contact:
Jacob Broberg, Senior Vice President Corporate Communications & Investor
Relations, Cloetta, +46 70 190 00 33.

The information contained in this press release is such that Cloetta is required
to disclose pursuant to the Swedish Financial Instruments Trading Act and/or the
Swedish Securities Markets Act. The information was submitted for publication on
February 16, 2012 at 01:30 p.m. CET.

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, e.g. Läkerol, Cloetta, Jenkki, Kexchoklad, Malaco, Sportlife, Saila, Red
Band and Sperlari. Cloetta has 12 production units in six countries. Cloetta’s
B-shares are traded on NASDAQ OMX Stockholm.

More information about Cloetta is available on www.cloetta.com.

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Not 1: A company owned by funds with CVC Capital Partners (”CVC”) as advisors
and Nordic Capital Fund V (“Nordic Capital”).