Cloetta enters into new loan agreement and intends to redeem Bonds

Cloetta AB (publ) has entered into a new term and revolving facilities agreement
with a group of four banks, amounting in total to the equivalent of SEK 3, 700m
(the “Facilities Agreement”) which will be partially used to refinance its
existing bank financing. The new financing package includes a bridge loan of SEK
1,000m which Cloetta intends to use to redeem its Senior Secured Notes issued in
September 2013. The Facilities Agreement, along with the redemption of the
Senior Secured Notes, is expected, excluding one-off expenses, to reduce the
group’s net financial items by approximately SEK 140m over a five year period,
whereof SEK50m in 2017.
The Facilities Agreement comprises of a term loan of EUR 175m, a revolving
credit facility of EUR 120m and a bridge loan of SEK 1,000m. The term loan has a
tenor of three years, with the possibility of an extension of up to two years
(subject to lender approval). The revolving facility has a tenor of five years,
and the bridge loan has a tenor of one year with the possibility of an extension
for a further year at the discretion of Cloetta.

The new Facilities Agreement is unsecured and accordingly the remaining security
afforded to the holders of the Senior Secured Notes will be released in
connection with the refinancing of its existing bank financing. The removal of
all security over Cloetta’s assets is intended to increase operational
flexibility and reduce costs for Cloetta.

In the third quarter of 2016 Cloetta is expected to recognize one-off expenses
in net financial items of approximately SEK 60m relating to the termination of
the old credit facilities, the establishment of the Facilities Agreement and the
redemption of the Senior Secured Notes. The proposed redemption of the Senior
Secured Notes is likely to take place in September, 2016.

The commitments under the Facilities Agreement are split equally between Danske
Bank AS, Danmark, Sverige Filial, DNB Sweden AB, Skandinaviska Enskilda Banken
AB (publ) and Svenska Handelsbanken AB (publ). Skandinaviska Enskilda Banken AB
(publ) is acting as Facility Agent and co-ordinator of the process in their role
as Documentation Agent.

This information is information that Cloetta AB is obliged to make public
pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The
information was submitted for publication, through the agency of the contact
person set out below, on 25 July 2016 at 08.00 a.m. CET.
Media contact
Jacob Broberg, SVP Corporate Communications & Investor Relations, 46 70 190 00
33.

Danko Maras, CFO, +46 76 627 69 46
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