Conversion of C-shares to B-shares in Cloetta AB (publ)

Conversion of C-shares to B-shares in Cloetta AB (publ)

 

Following a request from Yllop Holding S.A. (formerly named Leaf Holding S.A.)
(Note 1) ("Yllop Holding), all Yllop Holding's 165,186,924 C-shares have today
been converted to B-shares. The C-shares were issued to Yllop Holding in
February 2012 as part of the purchase price in Cloetta's acquisition of Leaf
Holland B.V. The C-shares were issued as a new separate series in connection
with the acquisition, since Yllop Holding was not to receive subscription rights
in Cloetta's rights issue.

The number of C-shares in Cloetta has, following the conversion, decreased from
165,186,924 to 0, and the number of B-shares has increased from 22,326,475 to
187,513,399. The share capital, the total number of issued shares and the total
number of votes in Cloetta remain unchanged.

The new B-shares do not entitle to receive subscription rights in the rights
issue that the Board of Directors of Cloetta resolved on 7 March 2012, making
use of the authorisation by the Extraordinary General Meeting held on 15
February 2012. The new B-shares will be traded at NASDAQ OMX Stockholm. The
first day of trading in the new B-shares will be on 2 April 2012.

For additional information contact
Jacob Broberg, Senior Vice President Corporate Communications and Investor
Relations, phone +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
March 29, 2012 at 3.00 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.

Note 1. A company owned by funds with CVC Capital Partners as advisors and
Nordic Capital Fund V.